Another great way to earn Discovery Miles
At Discovery Bank, we want to help our clients manage their money better. That's why we reward them through Vitality Money when they have essential financial products like insurance and retirement savings in place.
We're proud to announce another new benefit that recognises and rewards clients for taking care of their long-term insurance.
Clients with a Discovery Bank Credit Card Account or Suite can earn up to 7.5% of their debit order for their Discovery Life Bank Integrated policy back in Discovery Miles every month.
Here's how it works
If you're a qualifying Discovery Bank client with a Discovery Life Bank Integrated policy, you can earn up to 7.5% of your debit order premium back in Discovery Miles every month when it's paid from your Discovery Bank account.
We call the Discovery Miles you accumulate Life Integrator Miles. You get Life Integrator Miles based on your Discovery Bank product type, card colour, Vitality Money status, and qualifying credit card spend in the previous month. You can view your reward percentage in the Discovery Bank app, by scrolling through your rewards carousel.
And you don't have to do anything. You'll get rewarded with your Life Integrator Miles in real time when your Discovery Life Bank Integrated policy debit order goes through successfully.
Here's how you can make bank on your life insurance:
Step 1: Switch your Discovery Life premium debit order to Discovery Bank
Here's how you can switch your Discovery debit orders to your Discovery Bank account:
- Log in to the Discovery Bank app.
- Tap More on the home screen and select Debit orders.
- Tap Switch Discovery debit orders and follow the steps.
Tip: Speak to your financial adviser for more information about Discovery Life Bank Integrated policies.
Step 2: Upgrade to a Discovery Bank Credit Card Account or Suite
You can see if you qualify for a product upgrade in the Discovery Bank app:
- Tap Accounts, then the menu in the top-right corner.
- Select Add account then Credit Card Account.
- Choose a Discovery Bank Credit Card Account or Suite, complete your information and tap Get this.
Step 3: Upgrade your card colour
Your card colour determines your maximum reward percentage:
- Gold: Up to 2.5% back
- Platinum: Up to 3.5% back
- Black: Up to 5% back
- Purple: Up to 7.5% back
You can see if you qualify for a colour upgrade in the Discovery Bank app:
- Tap Accounts.
- Tap the menu in the top-right corner.
- Select Change account colour.
- Complete the relevant information and submit the request to see which accounts you qualify for.
Protect the future of your loved ones. Get rewarded today.
We're really pleased to have found another great way for our clients to earn Discovery Miles - our rewards currency that's more valuable than cash - for having long-term financial protection in place.
- Find out more about Life Integrator Miles
The Future of Banking. Now.
- You need to earn a minimum of 100 Discovery Miles to receive Life Integrator Miles.
- Your dynamic reward percentage on the last day of the current month will become your earned reward percentage from the first day of the next month.
- You receive your Life Integrator Miles as soon as we successfully process a Discovery Life debit order, which is Bank integrated, meaning you earn Life Integrator Miles in real time upon successful payment.
- If the debit order for your Discovery Life policy is paid by another Discovery Bank client, they will receive the Discovery Miles.
- The reward is paid on Discovery Life policies that are integrated with Discovery Bank. Speak to your financial adviser for more information about Discovery Life Bank Integrated policies.
- Consolidated debit orders do not qualify. Please contact Discovery Life to change this to qualify for Life Integrator Miles.
- The Discovery Life Discovery Card Protector (DCP) and Health Plan Protector (HPP) plans do not offer Life Integrator Miles.