How do I qualify for a discovery purple?

Asked by: Lew Thompson  |  Last update: August 25, 2023
Score: 4.6/5 (8 votes)

Discovery Purple Collection is an exclusive suite of products that has been designed to deliver the most comprehensive benefits and unsurpassed rewards. Purple Life Plan from Discovery Life is available to clients with more than R10 million in life cover.

Who qualifies for discovery purple card?

Discovery Bank Purple Wealth Suite

The qualifications to be considered for an invitation are unknown; however, the standard Discovery Bank Purple Suite requirements are still high. A prospective cardholder must earn no less than R2. 5 million, the equivalent of a monthly salary of R208,000.

What is the purple plan at Discovery?

Purple Plan. The Purple Plan is suitable if you have over R5 million in insured assets. It offers comprehensive vehicle and home insurance with enhanced benefit limits, exclusive experiences and a dedicated Discovery Insure Service Executive.

How do I get purple vitality?

To upgrade to Vitality Purple, speak to your financial adviser. Vitality Purple offers you a science-based behaviour change programme that gives you personalised support to help you keep track of your progress towards better health, and world-class luxury benefits and rewards tailored to your lifestyle.

How do you qualify for discovery black?

The different collections and their qualifying annual income are:
  1. The Gold Collection: Lower than R350 000 a year.
  2. The Platinum Collection: From R350 000 to R850 000 a year.
  3. The Black Collection: More than R850 000 to R2. 5 million a year.
  4. The Purple Account: More than R2. 5 million a year.

Discovery Bank Account Options And Fees Explained | Michael Robert

43 related questions found

Can I change the color of my Discover card?

Give Your Discover Card a New Look

Pick a design that shows your true colors. Simply log into the Account Center and select a new design for yourself or anyone on your account. There's no application to fill out or financial information to provide. Best of all, changing your card design is absolutely free.

Is it worth getting a Discovery Card?

The Discover it® Cash Back features a high cash-back rate in rotating quarterly categories — but you don't get those rewards automatically, activation is required and spending caps apply. Even so, for people who prefer cash back and don't mind putting in a little work, this $0-annual-fee card is well worth it.

What is a Discovery Gold Card?

– It's a credit card with built-in transactional and savings features. This means you can pay your salary into it, set up debit orders and stop orders, and even make EFTs and real-time payments from your credit card account. – You get up to 55 days of interest-free credit on select credit card transactions.

What is Discovery Vitality active?

Vitality Active encourages and rewards you as you get healthier. From only R89 per month, you'll get great gym savings, discounted movies, weekly rewards and more. Being healthier has never been more rewarding.

How do I open a Discover account?

Opening an online bank account couldn't be simpler.
  1. Just give us a few basics (like address and Social Security number), and we'll get the ball rolling for you.
  2. Make a deposit now or come back and do it later. ...
  3. Check your email for a confirmation, and you're on your way to the future you've been dreaming of.

What is Discovery Access cover?

We pay out a lump sum in the event of your death to protect your family's future financial security. The AccessCover Benefit is automatically included and allows you to convert your life cover into cash on a number of qualifying life-changing events while you are still alive.

What is comprehensive life cover?

Comprehensive Premium Protector: If you suffer a qualifying disability or severe illness event, or upon your death, the Comprehensive Premium Protector will cover your qualifying Health Plan, Vitality, Discovery Gap Cover and Supplementary Gap Cover contributions that you were paying at the time of the life-changing ...

What are some of the ways that Discovery Insure makes claiming easy?

You can choose from any of these ways, depending on what suits you better:
  • Claim using the Discovery app on your smartphone. ...
  • Claim online at www.discovery.co.za without even having to speak to anyone.
  • Claim by calling us at 0860 751 751.
  • Claim through your financial adviser.

How do you qualify for a FNB black card?

FNB private wealth debit black card
  1. Must earn a minimum of R1,500,000.00 per annum in gross income, or.
  2. Own assets worth R15,000,000.00 or more.

Who qualifies for Nedbank black card?

Nedbank black card requirements
  • Must earn a personal income of more than R1,500,000.00 per year, and/or.
  • Have investable assets with a value of R5 Million or more excluding the property you live in.
  • Must be over the age of 18 years when applying,
  • Possess a South African ID,
  • Have a good credit rating.

Is Discovery Bank part of FNB?

Discovery Card was a joint venture with FNB and your card operated on the FNB banking system. Now that Discovery Bank is a fully operational bank, we have taken over the administration of all Discovery Card accounts from FNB. Your Discovery Card account has now moved to the Discovery Bank platform.

Who qualifies for Discovery Vitality?

Only the main member or spouse or adult dependant (21 years or older) on a policy qualify for the benefit. You need to pay a non refundable activation fee of R999 with your Discovery Bank credit card.

Is it worth it to have Discovery Vitality?

Absolutely! No doubt you still have to do your part and pay a fee (which is quite pricey at R280pm), but it is so rewarding if you do it right – financially and health wise!

How do you become a member of Vitality?

How can I join Vitality or Who qualifies to join Vitality? Joining Vitality Health is easy. If you're an existing Discovery Health or Life client, log in to the Discovery website or app and join Vitality. Otherwise, call us on 0860 000 628 or send us your details and we'll call you back.

What is a Discovery Platinum card?

– It's a credit card with built-in transactional and savings features. This means you can pay your salary into it, set up debit orders and stop orders, and even make EFTs and real-time payments from your credit card account. – You get up to 55 days of interest-free credit on select credit card transactions.

How do I increase my credit card limit discovery?

To change the daily and monthly spend limits for your Discovery Bank debit or credit card, you must:
  1. Log in to the banking app.
  2. Select Cards at the bottom of the screen.
  3. Scroll left until you see the card you want to update.
  4. Tap Card limits.
  5. Update daily and monthly limits.
  6. Tap Save to complete the limit change.

Can I draw cash with my discovery card?

Discovery Bank clients do not have to visit an ATM to draw cash too often as there are a number of easy and safe ways to pay with our banking app. If you simply must draw cash, read our ATM safety tips.

Is Discover card hard to get?

A 700+ credit score is needed to get most Discover credit cards, but there's no minimum credit score needed for a few Discover cards. You can get the Discover it® Secured Credit Card with a bad credit score (below 640).

What is the credit limit on Discover card?

Discover does not disclose a maximum credit limit, but there are reports of some cardholders receiving credit limits between $2,500 and $9,000. As with all credit cards, an applicant will need to exceed the Discover it Cash Back card's approval requirements in order to get a credit limit above the minimum.

What credit score do you need for a Discover Chrome card?

What credit score do I need to get the Discover it® chrome? The Discover it® chrome requires at least average credit. This generally means a credit score of 630 or better. In addition to your credit score, issuers consider your debt, income and other pertinent information to determine whether you qualify for a card.