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Discovery Bank Black Suite Credit Card: A Premium Account with Discounts on Purchases and 24/7 Conversion for Foreign Currencies

The Discovery Bank Black Suite is a premium credit card that offers benefits such as real-time Forex accounts, the Vitality Money program, and exclusive discounts on flight purchases with miles.

It is a favorable financial solution for those with higher needs and who require a premium product, and you can see directly how to apply.

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Discovery Bank is a well-respected financial institution in South Africa, offering multiple solutions for vehicle insurance, investments, life insurance, and medical coverage.

The institution provides lines of credit cards, such as the Black Suite, with a series of benefits for use inside and outside South Africa.

The card is very comprehensive, offering a transaction account for daily management, unlimited virtual cards, an effective loan rate of up to -1%, and digital wallet payments.

The Discovery Banking app allows for card and PIN management, account balance checking, reward tracking, and international payments in over 60 currencies.

The bank’s reward system is Discovery Miles, featuring points that can be exchanged for flights, accommodations, car rentals, cash, and even sent to other contacts.

The card has a highly customizable credit limit, which can reach thousands per month.

According to the bank, the credit card is aimed at individuals with an income between R850,000 and R2.5 million per year.

The card has a credit origination fee of R150 up to a limit of $2,000 and R199 beyond that, with a monthly fee of R534, of which R70 is for the Vitality Money premium.

To access the card, you need a good credit history and valid documentation within South African territory.

Yes, the application process for the Discovery Bank card can be done directly online.

To accumulate Discovery Miles, there are various discounts available. In this regard, you can receive 10 Discovery Miles for every R1 reward you earn back.

When spending with Discovery Miles points, you can earn up to 15% at over 40 stores, including for credits, prepaid electricity, and other options.

With the card, you have access to Vitality Travel, which offers up to 75% off on six one-way local flights and up to 50% off on international flights on two bookings made with the Black Suite card.

The card also provides multi-trip international travel insurance, international collision damage coverage, and worldwide withdrawals and payments.

Discovery’s Forex offers conversions in pounds, euros, and dollars at any time, with real-time rates to save money.

Want to learn other option?

If you are looking for a credit card with lower operating costs, you can check out the Absa Bank Flexi Core, which also offers good value for money.

This card provides full access to the banking system and participation in Absa Rewards, and you can see how to apply.

Gabriel Gonçalves
Written by

Gabriel Gonçalves