Discovery Bank Black Suite Credit Card Full Review

The credit card with distinctive rewards in miles!

The Discovery Bank Black Suite Credit Card is one of the bank’s premier credit cards, offering a complete banking package with a flexible individual credit line, up to 30 free real-time payments, limited free savings, and savings on local and international travel.

The Discovery Black is a premium credit card that provides a differentiated and enhanced service for accumulating rewards and miles.

Discovery Miles is the reward currency that goes beyond cash, offering up to 75% cashback on purchases at various networks within South Africa.

This premium and refined product is available to the public and meets the requirements for Discovery Bank. If you think you might qualify for the card, keep reading.

How Does the Discovery Bank Black Credit Card Work?

Discovery is a South African company that operates in various financial services sectors, including health, life insurance, loans, and banking, providing a range of facilities to the South African public.

Over the years, Discovery has expanded its reach and currently operates in 41 markets, impacting over 40 million people with a market capitalization exceeding R100 billion. Within South Africa, it has different operations, such as Discovery Health for medical services, Discovery Life for general and life insurance, Discovery Insure for automotive coverage for homes and businesses, Discovery Invest for investment and offshore plans, and Discovery Bank for banking services. The Discovery Black card is one of the company’s credit cards, serving to manage various financial services.

The Black card features the Visa Signature brand, making it internationally accepted in virtually every country worldwide and offering different functions for customers. Discovery Bank’s Forex service allows real-time currency exchange operations in pounds, euros, and US dollars, 24/7.

Clients can make foreign currency transactions with a conversion into Rand. Additionally, customers can request a digital card to link to smart devices. As Black Suite clients, they are exempt from fees for the Forex service.

By associating with the Black Card, clients gain access to the bank’s online services, enabling comprehensive financial and investment management.

In general, the card has a monthly fee of R499 and is only available to customers with an annual income ranging from R850,000 to R2.5 million.

What are the Discovery Bank Black Suite Credit Card Benefits?

The Discovery premium card comes with a series of extensive benefits and rewards. Here are some of the travel benefits:

• Local and international flights with discounts on the Discovery Bank app
• International travel insurance
• Reimbursement and international coverage in certain emergency situations
• 10% to 25% off car rentals
• 6 annual visits to Lounge Key and 4 international visits to The Lounge

The card provides various lifestyle and shopping benefits, including:

• For every R1 in rewards and cashback from the card, the customer receives 10 Discovery Miles.

The Discovery Miles system offers several benefits, such as:

• Up to 15% off purchases from over 40 retail partners
• Up to 15% off prepaid airtime, data, water, or electricity purchases
• Mile conversion to cash
• Discounts on flights, accommodations, or car rental purchases
• Ability to transfer miles to contacts

The card also comes with other loyalty benefits, including:

• Accumulation of miles by completing weekly health challenges
• Accumulation of miles when purchasing fuel from partner networks
• Dynamic interest rates for loans and accounts
• Financing an Apple Watch through weekly exercise goals Vitality Active Awards for the next 24 months
• Up to 75% off fitness devices and Nike and Technogym equipment
• Vitality Money status for financial management

The range of benefits for the Discovery Black card is extensive, and it’s worth checking with the company for all loyalty rewards.

Possible Drawbacks

The main drawback of the Black Card is precisely the conditions and costs, as the annual income requirement of R850,000 can be high for many individuals, along with the monthly maintenance fee of R499.

How do I apply for the Discovery Bank Black Suite Credit Card?

The application process for the Black Suite is entirely done through the Discovery Bank system, and you can review all the details to securely and accurately submit your application if you wish.

Written by

Gabriel Gonçalves