The Discovery Bank Purple Suite Credit Card is a perfect example of the luxurious credit card offering from the bank and is aimed at those clients who are willing to get only the best. These are the following special privileges that this credit card presents in relation to the lofty standards of working executives in terms of banking, traveling, and premium luxuries.

From preferential travel benefits to great perks and a luxurious rewards program, the Discovery Bank Purple Suite Credit Card is a new spirit of banking that is both stylish and glamorous. Perhaps it is high time we got down to understanding the specifics of this outstanding credit card and how this powerful credit card sets apart executive banking.

Key information about the credit card

How does the annual fee work?

The holder of the Discovery Bank Purple Suite Credit Card is required to part with R3,500 annually as the annual fee. Unfortunately, it is impossible to avoid making this payment but at the same time, the services that are to be obtained by members of this club are definitely worth that money because of the numerous privileges and bonuses.

How is the credit limit determined?

The credit limit in the Discovery Bank Purple Suite Credit Card depends on the user’s financial performance, credit score, earnings among other factors. Subsequently, an assessment is done in order to determine an appropriate credit limit in the bank based on the Discovery Bank’s client’s management and repayment of credit.

Advantages of the credit card

• Comprehensive rewards program: Get paid Discovery Miles for walking, biking, exercising, safe driving, and even how you spend your money. It is possible to use these miles in different purchases and in traversing the world.
• Personalized banking service: A relationship banker, priority servicing offered in what is called Discovery Purple Servicing, concierge services.
• Dynamic interest rates: Enjoy interest rates for the positive balances and borrowing rates in the best way possible.
• State-of-the-Art Banking App: For all your banking needs including making international payments and tracking your foreign exchange allowances, you can do it through an incredible app.

Standout advantage

The unbeatable bonus offered by the Discovery Bank Purple Suite Credit Card is its travel feature. Cardholders? Get up to 75% off on domestic and international airline tickets, premium airport lounge access more than 1200 worldwide, and fast-track security at various South African airports. These aspects make it more comfortable and easier to travel in them and at the same time enjoy the trip fully.

Disadvantages

• High annual and monthly fees: The price could be considered as quite high and some of the users would definitely find it impossible to afford the cost of this application.
• Eligibility requirements: The card is issued only after conducting credit checks and accepting only those with a high annual income hence restricting its use.
• Complex reward structure: There are significant difficulties as well as some time-consuming processes involved in comprehending and optimizing the rewards program.

A standout disadvantage

One of the major weaknesses of the Discovery Bank Purple Suite Credit Card is that it charges a fairly hefty annual fee. Annually charged at R3,500 as well as R644 on a monthly basis, this is one of the most costly cards compared to the others available on the market.

Who can apply for this card?

The Discovery Bank Purple Suite Credit Card targeted market is the upper-class people with an income of more than R2,000 000. 5 million per year. Applicants must be of a legal employment age of 18 and above and should not have any poor credit scores.

It is important to mention that the card is not issued to people with a bad credit score; the applicant’s income documents are essential when applying for the card. It is ideal for clients who can keep an average R250,000 monthly turnover in the qualified accounts to evade the fees for some special services.

How to apply for the Discovery Bank Purple Suite Credit Card

For the website

To apply for the Discovery Bank Purple Suite Credit Card online, how it works simply visit the Discovery Bank website. Proceed to the credit card services where it is possible to get the Purple Suite. Here, you will learn more about the card and there is a button for applying online.

The other thing you need to do is, when you have clicked the application button, you have to input some of the personal detail and financial details. It is also important to have passport colored photos, identification documents and proof of income handy when applying as these are some of the necessities.

Once you have filled in all the field that is required of you, click on submit your application now button. At the end of the verification, your results will be ready in about three to five business days and Discovery Bank will get back to you with the same.

Through the app

Applying for the Discovery Bank Purple Suite Credit Card through the mobile app hence serves those in the smartphone group well. First, you will need to install the Discovery Bank application using your App Store. Once you have downloaded this app, you will be required to log in or you have to create your account if you are the first time to use the app.

Once logged in, go to credit card and choose Purple Suite subsection. Consult the website and apply: usually it is done through following certain steps on the website: entering all personal and requested financial information. The services of scanning and uploading the proof of income, as well as identification documents can be done using your phone. Once you have filled the application, it should be tendered and handed in.

At the branch

If you want a phone application, then you can also consider applying for the Discovery Bank Purple Suite Credit Card physically by going to the Discovery Store or branch. See the location of the nearest store/branch using the official site or an app of Discovery Bank. It is recommended to go to the store during business hours and explain to an employee that you want to apply for the Purple Suite Credit Card.

This representative will help you to complete such papers as well as explain to you how to obtain the proof of income and identification papers. After the application has been finalized, the representative will submit it, and you will be informed of the final decision in the shortest time possible depending on the number of business days that are likely to be encountered.