Frosty Posted August 29, 2019 Posted August 29, 2019 Anyone currently getting benefits on the bank rewards program? Point 8.4 is a bit of a concern: Participation6 There is no fee required to join or activate the bank rewards (dynamic interest rate) benefit.7 You must be a Discovery Bank customer holding an active Vitality Savings account, with a Discovery 1 or Discovery 1+ account(s). 8 In order to be eligible for Bank Rewards the following rewards qualifying criteria will apply:8.1 Your Discovery Bank account must be in good standing. “Good standing” means that none of your Discovery Bank accounts and credit facilities should be overdrawn, in arrears, in default, or be subject to any legal process with Discovery Bank. Legal process excludes debt review as defined in the National Credit Act.8.2 Have a minimum average amount deposited into your Discovery Bank account per month over 12 months. For example, you need to pay your salary into the account or make a payment from another external account into your Discovery Bank account. If your account is less than 12 months old, we’ll adjust the period accordingly. The amounts per product is as follow: Gold Discovery 1+ accounts: RX Platinum Discovery 1+ accounts: RX Black Discovery 1+ accounts: RX8.3 Have 40% of your credit balances with Discovery Bank or use at least 50% of your credit facility during the month. You need to have a minimum credit balance of R5 000.8.4 Have a savings balance in your Discovery Demand Savings, Notice Savings, Fixed Deposit or Vitality Savings account of at least R50 000, or at least 20% of your total savings in a Discovery Bank savings account.9 You can activate your bank rewards program on our online services and start earning rewards.10 Discovery Bank reserves the right to amend the qualifying criteria for participating in, and/or earning bank rewards, as well as the benefit associated with rewards.
SeaBee Posted August 29, 2019 Posted August 29, 2019 As is 8.2 and 8.3... not to mention 10. Dexter-morgan 1
shaper Posted August 30, 2019 Posted August 30, 2019 Anyone currently getting benefits on the bank rewards program? Point 8.4 is a bit of a concern: Participation6 There is no fee required to join or activate the bank rewards (dynamic interest rate) benefit.7 You must be a Discovery Bank customer holding an active Vitality Savings account, with a Discovery 1 or Discovery 1+ account(s).8 In order to be eligible for Bank Rewards the following rewards qualifying criteria will apply:8.1 Your Discovery Bank account must be in good standing. “Good standing” means that none of your Discovery Bank accounts and credit facilities should be overdrawn, in arrears, in default, or be subject to any legal process with Discovery Bank. Legal process excludes debt review as defined in the National Credit Act.8.2 Have a minimum average amount deposited into your Discovery Bank account per month over 12 months. For example, you need to pay your salary into the account or make a payment from another external account into your Discovery Bank account. If your account is less than 12 months old, we’ll adjust the period accordingly.The amounts per product is as follow:Gold Discovery 1+ accounts: RXPlatinum Discovery 1+ accounts: RXBlack Discovery 1+ accounts: RX8.3 Have 40% of your credit balances with Discovery Bank or use at least 50% of your credit facility during the month. You need to have a minimum credit balance of R5 000.8.4 Have a savings balance in your Discovery Demand Savings, Notice Savings, Fixed Deposit or Vitality Savings account of at least R50 000, or at least 20% of your total savings in a Discovery Bank savings account.9 You can activate your bank rewards program on our online services and start earning rewards.10 Discovery Bank reserves the right to amend the qualifying criteria for participating in, and/or earning bank rewards, as well as the benefit associated with rewards.Can you add the link to this?
Frosty Posted August 30, 2019 Posted August 30, 2019 Can you add the link to this?It’s in the T&Cs when signing up. It isn’t available on the website, as I hadn’t signed up until this morning. When choosing between Gold, Platinum or Black, it had two tick boxes that you must accept their T&Cs. The links, in the description next to the tick boxes, had the text that I copied - not all, just the bit that I posted. Check it you can pick up Vitality Money T&Cs on the website. I’ve checked and I can’t see anything as they haven’t approved my account yet. shaper 1
bertusras Posted September 1, 2019 Posted September 1, 2019 Hmm, so it's 1 September and I've dropped from Gold banking to Bronze banking, needing 4800 points to reach the next level, so obviously there has been an increase in the points required... Steven Knoetze (sk27) 1
Reme Le Hane Posted September 1, 2019 Posted September 1, 2019 Hmm, so it's 1 September and I've dropped from Gold banking to Bronze banking, needing 4800 points to reach the next level, so obviously there has been an increase in the points required...As expected, when the rules are hidden they can be changed anytime Steven Knoetze (sk27) 1
shaper Posted September 1, 2019 Posted September 1, 2019 Seems there is a goal streak that you now have to get each month. I have dropped from gold to silver Steven Knoetze (sk27) 1
Steven Knoetze (sk27) Posted September 2, 2019 Posted September 2, 2019 T's and C's apply............ Vetplant 1
bertusras Posted September 2, 2019 Posted September 2, 2019 T's and C's apply............ Except, you can't find the damn T's & C's anywhere. Steven Knoetze (sk27) and Vetplant 2
shaper Posted September 2, 2019 Posted September 2, 2019 (edited) Seems there is a goal streak that you now have to get each month. I have dropped from gold to silverSo today am now back up to Diamond !! ... and nothing has changed since yesterday Edited September 2, 2019 by shaper
bertusras Posted September 2, 2019 Posted September 2, 2019 So today am now back up to Diamond !! ... and nothing has changed since yesterday I'm still stuck on bronze, even though they've now acknowledged that I've hit my goal two months in a row. I wonder how badly not scoring any points in the Property category is going to hurt me in the long run.
Frosty Posted September 2, 2019 Posted September 2, 2019 I’ve asked them for a copy of the T&Cs, so will what their response is. bertusras and Steven Knoetze (sk27) 2
Cycling Addict Posted September 2, 2019 Posted September 2, 2019 So today am now back up to Diamond !! ... and nothing has changed since yesterday The interest rates etc would have changed
Cycling Addict Posted September 2, 2019 Posted September 2, 2019 Anyone know how to get to the 75% discount on flights ?
shaper Posted September 2, 2019 Posted September 2, 2019 The interest rates etc would have changedThe interest rates have gone back up from silver to diamond
shaper Posted September 2, 2019 Posted September 2, 2019 (edited) Anyone know how to get to the 75% discount on flights ?You have to be on the black card to get the 75% https://www.discovery.co.za/bank/discovery-banking-suite-comparison Platinum card is 60% and Gold Card is 50% Edit: Have yet to find out what the qualifying criteria is for each of the card accounts? Edited September 2, 2019 by shaper Frosty 1
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