The Black Card that is offered by Discovery Bank is in fact a credit card however, it opens the door to better banking and extraordinary privileges. This card was made for those who expect only the best from their financial instruments, as it contains numerous facilities that directly correspond to the main criteria of a high-class life, convenient and given maximum rewards.

With its core point that this Black Card offers credit facilities, one can never underestimate the added features of a comprehensive travel package that comes with the Discovery Bank Black Card.

Key information about the credit card

How does the annual fee work?

The Black Card from Discovery Bank fetches a monthly cost of R235, which covers the price of the account fee, Money premium on Vitality, and a single credit price facility. The fee system is clear and despite the fact it appears high, it includes a number of services and bonuses one can hardly find with this price.

How is the credit limit determined?

This is the credit limit for the Discovery Bank Black Card and is arrived at after evaluating your worth and earning power. For persons with gross income between R850 000 and R2. 5 million annually, the card given is unstructured credit for spending that flexibly responds to the user’s circulation needs. 

Advantages of the credit card

• Superior banking services: The Black Card provided by the Discovery Bank as a payment card provides for all array of Transactional Requirements and Frees including third party debit orders, digital payments and salary collection.
• Interest-free credit: have up to 55 days interest-free credit on some transactions so that one will not be charged extra cash he or she cannot afford.
• Vitality Money rewards: Enroll for the Vitality Money program and have a chance of getting a huge pile of lifestyle and travel benefits such as flight tickets savings and fast clearance through security check points in most of the airports across the globe.
• Exclusive lounge access: Travel in comfort and get access to The Lounge in South Africa and over 1200 airport lounges across the globe.

Standout advantage

Perhaps the biggest benefit of having the Discovery Bank Black Card is in the expressly provided travel perks. Cardholders can benefit from slashed prices on airline tickets domestic and international and hotel and car rental services. Also, there is a free multi-trip international travel insurance cover and more than 1200 airport lounges globally.

Disadvantages

• Monthly fee: The R235 monthly fee serves as a disadvantage for some of the cardholders since there is a possibility that there are limited uses for all the features provided in the card.
• Eligibility requirements: The applicant’s qualifying income is quite high; this may lock out many persons from even submitting an application for the card.
• Complex rewards system: Now let me explain the disadvantages of the Discovery Miles rewards program It is a thorough program, and at times it may be very tiresome to make the best of it.

A standout disadvantage

A major drawback of the Black Card is the fact that it comes with a steep monthly fee, this is at Discovery Bank. At R235 per month, the fee usually becomes expensive for some of the users who may not be using the features and benefits of the card maximally.

Who can apply for this card?

So, to become an owner of the Discovery Bank Black Card the certain criteria should be met. Government grants applicants who income must be a minimum qualifying amount of R850 000 per annum and documents must be provided to prove income.

Also, it should be noted that applicants must be above 18 years and shouldn’t have a bad credit history. The steps towards making application includes providing the necessary documents; identification, income, and may be a recent bank statement.

How to apply for the Discovery Bank Black Card

For the website

It is easy to apply for the card via the discovery bank’s website since it is quick and takes a short time. Begin at the Discovery Bank website and, from there, locate the link for credit cards. Here the reader will get more information about the Black Card and the link to the online application. As a result, check the required fields where you should enter your name and other contact details and your income statement.

You will also be required to scan and upload the copies of your identification documents, proof of income or any other necessary document. The completed application should be dropped off to the concerned bank, thereafter, the bank will notify the applicant in case more information is required. With the online application, it is easy since one can complete the application process from the comfort of his/her home and at his/her convenience.

Through the app

The facility to apply for the Black Card through the Discovery Bank app is quite easy and convenient. First of all, open your application store on your device and install the specified application; in case you do not have an account in this application, you have to register.

After logging in, go to credit cards and choose the Black Card. The app will help you to fill in the application and indicate all the personal and financial data asked by the government. This is through the use of the phone’s camera where one can capture images of the identification documents and proof of income and upload via the app.

This method is highly convenient, particularly for those who do mobile transactions on their phones for finances. This also helps in tracking the position of the application in real time, thus you are not left in the dark.

At the branch

For those who wish for a physical meeting, one can visit the Discovery store or branch to apply for the Black Card account. Please go to the nearest branch to apply the process and meet the banking consultant to help you process it. Remember to take your official identification documents, proof of income, and any other relevant documents required to the appointment.

The correspondence and application process will be thoroughly explained and facilitated by the consultant, who will also help you with questions if any are present. This method can be suitable for such people who do not want to fill in forms independently and who would like to get personal help. Furthermore, applying in person enables one to be attended to in case of arising complications during the process of application.