How do you qualify for a discovery black card?

Asked by: Jeremy Kautzer DDS  |  Last update: March 15, 2023
Score: 4.4/5 (64 votes)

In addition to being a high earner and meeting large spending requirements, you'll need top credit scores to get a black card. A credit score between 800 and 850 is considered exceptional.

How do I get a Discover black card?

How do you get a black card?
  1. Invite only – This is not a card that you can simply apply for; you must receive an invitation. ...
  2. Credit score – You must have an exceptional credit score ranging somewhere between 800 and 850 to qualify.

What credit score do you need for Discover it card?

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).

Does Discover have black cards?

You get free travel insurance on international flight tickets purchased with your Discovery Black Card. You and a guest get six free visits each year to over a 1 000 airport lounges worldwide. You have access to a global concierge service for all your lifestyle needs.

How do you get a discovery purple card?

According to BusinessTech, in order to be considered wealthy enough to open a top-shelf private banking account, you need to be making in the region of, or more than R1,5 million a year. If you want to open a Discovery Bank Purple account, you'd better be pulling in upwards of R2,5 million a year.

What Is A Black Card & How Can You Get One?

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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 purple?

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.

What's the limit on a Black Card?

There's no credit limit

The American Express Black Card doesn't have a pre-set spending limit, so cardholders can spend as much as they want every month. But that's only the case if they can afford it. The Centurion® Card from American Express is a charge card, so cardholders can't carry a balance.

What credit card do billionaires use?

According to Weiss, one of the most recommended cards for high-net-worth individuals is The Platinum Card® from American Express . While this card comes with a wide range of perks that make it seem too good to be true, it also comes with an annual fee of $695 (See Rates), which is higher than most other credit cards.

How much money is in a Black Card?

The Black Card has a hefty $10,000 initiation fee, a $5,000 annual fee, and offers many travel perks. The Platinum Card has a $695 annual fee with many travel-related perks, and cardholders can earn points for every dollar spent.

What is the starting credit limit for Discover?

In general, the average Discover it® cardholder received an initial limit of around $3,000, with higher limits going to those with exceptional credit and/or particularly high incomes.

Does Discover approve instantly?

Discover card approval may happen instantly when you apply, or you'll get a letter and email within a couple of weeks. Your card should arrive 7-10 business days after you're approved.

Why wont Discover approve me?

The reasons will be listed in the denial letter Discover sends out shortly after its decision. They may include an annual income below what's needed to make minimum monthly payments, a low credit score, too many recent credit inquiries or a high amount of debt, among others.

Are black cards worth it?

The Mastercard® Black Card™ is best for high-earning consumers with 720 - 850 credit who are looking for a luxury credit card. We recommend this card for those who want a credit card that affords them bragging rights, as this heavy metal black card can do just that.

What are the perks of a Black Card?

Like the Business Platinum the card earns 5 Membership Rewards points per dollar for flights booked directly with airlines or with American Express Travel on up to $500,000 per calendar year, 5 points per dollar on prepaid hotels booked with American Express Travel and 1 point per dollar on other eligible purchases.

What does having a Black Card mean?

'Black credit card' is the catch-all term usually used to describe the most exclusive credit cards available to the wealthiest individuals. They are given out by banks to high-earning, big-spending customers and offer impressive perks and very high or unlimited credit.

Does Discover have a platinum card?

Like most cards, the APR of the Discover Platinum Card for both balance transfers and purchases remain at 0% for a year after a successful application.

What is the rarest credit card in the world?

The American Express Centurion Card is the most exclusive credit card in the world and commonly known as the “Amex Black Card.” Launched in 1999, American Express has kept it in a shroud of uncertainty, giving it a very high level of status in the minds of consumers.

Can you have multiple black cards?

Saying yes to that invitation means paying a $7,500 initiation cost and annual fees of $2,500 per card (cardholders can have two cards per account).

What celebrities have a Black Card?

But we have it on good authority that celebrities including Beyoncé, Oprah Winfrey, and Jerry Seinfeld, who reportedly received the first-ever Black Card, all carry it. Collectively there are thought to be fewer than 20,000 AmEx Centurion cardholders around the world.

How much is the luxury Black Card?

Luxury Card™ Mastercard® Black Card™, $495 annual fee.

How do you qualify for Discovery Bank?

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.

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.

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.