To request your old Discovery Bank credit card you must:
- You need to be over 18 years old
- Your annual income should be between R100 000 to R350 000
- You must be a resident/ citizen of South Africa
- Have no bad credit history records
You must submit the following documentation:
- Official identification document
- An employment contract or paycheck that proves your income
- Bank statements for the last few months if you are an account holder at another bank
These are the minimum requirements that the Gold Discovery Bank credit card requires for application. Discovery may request new documents at any time.
How do apply for a Gold Discovery Bank credit card?
The Gold Discovery Bank credit card is linked to a Discovery Bank Forex account.
Therefore, before applying for the card, you must create a bank account at Discovery and, to do so, you must meet almost all the requirements mentioned above, except for income.
To open your account, access the Discovery app or website, fill out the account opening form with the requested personal information, and submit the documentation.
The bank will analyze your request and may or may not open an account in your name.
With the existing account, you will receive an indication of one of Discovery’s credit cards that best matches your credit profile.
If you already have a Discovery credit card, you can request to upgrade to a Gold Discovery Bank credit card if you meet all your requirements.
The card can be used immediately after approval as a virtual credit card.
What are the financial characteristics of the Gold Discovery Bank credit card?
- One-off annual fee of R90, which covers all fees applicable to the card
- After collecting the annual R90, you only collect fees depending on the uses of the card such as cash withdrawals and contactless payments
- You receive up to 4.5% interest on your positive account balances
- 5.75% yield on your savings account
- You get a 4% discount on interest rates if you take out a loan with Discovery
All information provided in this article can be found on the website of the Gold Discovery Bank credit card, in addition to many others because the list of benefits of this card is huge!
Come and discover the golden world of old Discovery Bank credit cards! Request yours right now!