Captain Fastbastard Mayhem Posted November 14, 2018 Share I see they are also increasing flight and fuel discounts..well if the twitter thread I read is correct...Correct. Introducing Vitality Money and statuses tied to financial responsibility and such. Just off to a meeting quick but will post all details when I'm back at my desk. Gen, Veebee, Frosty and 1 other 4 Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share Flight 35 --> 70 Looking for the other increases cos they're not in the marketing pack. Should have taken pics. Veebee 1 Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share https://m.fin24.com/Companies/Banks/discoverys-new-bank-signals-shift-as-new-entrants-plan-launches-over-the-next-six-months-20181114-2 Link to comment Share on other sites More sharing options...
nagougrote Posted November 14, 2018 Share Flight 35 --> 70 Looking for the other increases cos they're not in the marketing pack. Should have taken pics.Flights 35% -> 75%HealthyFood 25% -> 75%Petrol 50% -> 70%Pharmacy & Sports 30% -> 50%Gym 75% -> 100% Frosty, Veebee and slickjay007 3 Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share Flights 35% -> 75%HealthyFood 25% -> 75%Petrol 50% -> 70%Pharmacy & Sports 30% -> 50%Gym 75% -> 100%Yes. Thanks! Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share And the 799 Virgin / PF activation fee remains in place for the foreseeable future bertusras 1 Link to comment Share on other sites More sharing options...
Frosty Posted November 14, 2018 Share A virtual me/myself/I resides in the USA, and gets to see the adverts on Hulu... one of which is a bank that is changing the way they do business. They operate out of a coffee shop in one advert, and offer stuff that the traditional brick wall banks can’t. I’m really hoping we see a similar thing in SA, Disco or not, where they offer excellent rates, and virtual services (online). Link to comment Share on other sites More sharing options...
Nick Posted November 14, 2018 Share Any mention of fees yet? Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share Okay. Small gap, so will condense the bank stuff as best I can until my client arrives. Bank is entirely digital (no branches) Low feesAll Disco Card clients can opt in immediately upon launch (March)Instant payment to any bank (truly instant, not like Standard bank's "instant" payment that can take 4 hours) for R5 (pay per transaction offering) or NOTHING (bundled transactional account)Pay anyone whose contact details you have, who is also a disco client, simply by selecting the contact in-app from your contacts list. To be rolled out to non-disco clients as well so you can pay ANYONE in your contact list even if they're not on the Disco system4 card levels (like normal)Rolling out airport lounges and shared lounge access agreements from 2019Interest rates tied to your Vitality Money status. Higher status = lower lending rate, higher savings rate. Vitality Money status tied to "financial health" = responsible handling of money. Will dive into that later.Additional up front discount on Life policies (increases on premium tied to spend on card a la Card Integrator)FREE IPHONE XR for all bank clients. Done the same way as the watch, but no activation fee. Both CC and Transactional account. Global credit limits Garmin / Samsung / Apple pay integration That's what I can remember off the top of my head. More to come, and clarification, later. Edited November 14, 2018 by Cptmayhem Frosty, Gen, Twaatie and 2 others 5 Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share Any mention of fees yet?Not explicitly. 2 options, either pay per transaction (said to be "lowest in the market") or a "bundled fee" which is "market related" and I presume tiered according to the card you're on. IE cheoaer for the lower level card cos it gives you fewer benefits. Frosty 1 Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share A virtual me/myself/I resides in the USA, and gets to see the adverts on Hulu... one of which is a bank that is changing the way they do business. They operate out of a coffee shop in one advert, and offer stuff that the traditional brick wall banks can’t. I’m really hoping we see a similar thing in SA, Disco or not, where they offer excellent rates, and virtual services (online).I have to say, I am personally excited for this. Getting rid of branches and **** call centers and having an entirely online / mobile user interface is great. Gen 1 Link to comment Share on other sites More sharing options...
Gen Posted November 14, 2018 Share Okay. Small gap, so will condense the bank stuff as best I can until my client arrives. Bank is entirely digital (no branches) Low feesAll Disco Card clients can opt in immediately upon launch (March)Instant payment to any bank (truly instant, not like Standard bank's "instant" payment that can take 4 hours) for R5 (pay per transaction offering) or NOTHING (bundled transactional account)Pay anyone whose contact details you have, who is also a disco client, simply by selecting the contact in-app from your contacts list. To be rolled out to non-disco clients as well so you can pay ANYONE in your contact list even if they're not on the Disco system4 card levels (like normal)Rolling out airport lounges and shared lounge access agreements from 2019Interest rates tied to your Vitality Money status. Higher status = lower lending rate, higher savings rate. Vitality Money status tied to "financial health" = responsible handling of money. Will dive into that later.Additional up front discount on Life policies (increases on premium tied to spend on card a la Card Integrator)FREE IPHONE XR for all bank clients. Done the same way as the watch, but no activation fee. Both CC and Transactional account. Global credit limits Garmin / Samsung / Apple pay integration That's what I can remember off the top of my head. More to come, and clarification, later.Market changer..!! Link to comment Share on other sites More sharing options...
'Dale Posted November 14, 2018 Share #disruptor ???? Link to comment Share on other sites More sharing options...
Frosty Posted November 14, 2018 Share Okay. Small gap, so will condense the bank stuff as best I can until my client arrives. Bank is entirely digital (no branches) Low feesAll Disco Card clients can opt in immediately upon launch (March)Instant payment to any bank (truly instant, not like Standard bank's "instant" payment that can take 4 hours) for R5 (pay per transaction offering) or NOTHING (bundled transactional account)Pay anyone whose contact details you have, who is also a disco client, simply by selecting the contact in-app from your contacts list. To be rolled out to non-disco clients as well so you can pay ANYONE in your contact list even if they're not on the Disco system4 card levels (like normal)Rolling out airport lounges and shared lounge access agreements from 2019Interest rates tied to your Vitality Money status. Higher status = lower lending rate, higher savings rate. Vitality Money status tied to "financial health" = responsible handling of money. Will dive into that later.Additional up front discount on Life policies (increases on premium tied to spend on card a la Card Integrator)FREE IPHONE XR for all bank clients. Done the same way as the watch, but no activation fee. Both CC and Transactional account. Global credit limits Garmin / Samsung / Apple pay integration That's what I can remember off the top of my head. More to come, and clarification, later.Thanks Myles... a few things that I like. Can’t wait Link to comment Share on other sites More sharing options...
Gen Posted November 14, 2018 Share Thanks Myles... a few things that I like. Can’t waitFor sure..all the other loyalty programs will have to have a serious rethink of how they do business. Wonder if they addressed opening accounts for minors..great way to get the youngsters working on healthy living/spending etc. Edited November 14, 2018 by Gen Link to comment Share on other sites More sharing options...
Captain Fastbastard Mayhem Posted November 14, 2018 Share For sure..all the otherbloyalty programs will have to have a serious rethink of how they do business. Wonder if they addressed opening accounts for minors..great way to get the youngsters working on healthy living/spending etc.yep. Cos they know who their "families" are, you can open accounts for your kids as well Gen 1 Link to comment Share on other sites More sharing options...
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