Revolving credit can help you take advantage of those big-ticket Black Friday deals

With Black Friday approaching, shoppers are gearing up for the year's best deals, particularly on big-ticket items like electronics, home appliances, and furniture. Revolving credit can help you afford those larger purchases, offering you flexibility, interest rates that you manage through Vitality Money, and control over your payment terms. Here's why using revolving credit can make sense for big-ticket Black Friday buys!

Flexible access to funds when you need it

Our Revolving Credit Facility is a line of credit you can keep open without incurring any charges until you choose to use it. This is perfect for Black Friday shopping, where high-demand items may have limited quantities or short sale durations. By having an open line of credit ready, you can take advantage of valuable opportunities without needing to dip immediately into your savings and investments (potentially incurring penalties) or waiting for payday. And if you end up not having to use the facility, you don't have to pay any fees for it.

Convenient and affordable financing with repayments of 2.5%

One of the most appealing aspects of Revolving Credit for Black Friday purchases is the low minimum repayment of just 2.5% of the outstanding balance each month. This is a cost-effective way to finance medium to large purchases and allows you to control the repayment terms and pay it back on a schedule that works for you.

Use it, pay it back, and use it again!

The Revolving Credit Facility revolves around your needs. Once you've repaid what you used, that credit becomes available again without needing a new application. This makes it a valuable financial tool that can be reused for future needs or unexpected expenses that may come up, not just on Black Friday but throughout the year. Whether it's a holiday splurge, a sudden home repair, or a new appliance, the Revolving Credit Facility is here to offer you financial support when you need it.

Only pay fees when you use it

A big advantage of this facility is that there are no monthly fees unless you actively use your facility. For example, you could open a Revolving Credit Facility today and pay nothing until you decide to transfer money into your bank account to make a purchase. And if you make a big-ticket purchase on Black Friday and then pay it off by the new year, you've minimised both fees and interest charges. This "use-it-when-you-need-it" approach keeps costs low and puts you in control of your expenses.

Making the most of Black Friday with Revolving Credit

By having a Revolving Credit Facility, you'll have greater purchasing power on Black Friday without immediate financial strain. You can prioritise the items that you need or want most without scrambling for funds. This type of credit is designed to be flexible, responsive, and affordable, offering you peace of mind while shopping and an easy repayment process afterwards.

With the Revolving Credit Facility, you can:

• Apply for the facility in the Discovery Bank app within five minutes.
• Access funds immediately, when needed, with no term limit.
• Only pay monthly fees when you use the facility, with affordable repayments from 2.5% a month of the outstanding balance.
• Dynamically reduce your borrowing rate by up to 7% with Vitality Money.

Get your Discovery Bank Revolving Credit Facility in a few taps

You can apply for revolving credit in the Discovery Bank app - it only takes five minutes:

• Log in to your banking app.
• Tap More.
• Scroll down and tap Add Account.
• Tap on the Revolving Credit Facility tile and follow the steps to submit your application.

If you're looking for a smart, flexible way to finance your Black Friday shopping, the Revolving Credit Facility is right for you. With no pressure to use it if you don't need it, but ready when you do, it's the smart way to manage big-ticket purchases with budget-friendly payments.

The Future of Banking. Now.

Discovery Bank Ltd. Auth FSP 48657. Limits, Ts & Cs apply. Rewards based on your engagement in Vitality programmes, Discovery products, and monthly qualifying card spend. Credit initiation and service fees may apply. Subject to credit approval.