FS
Francois S

1 reviews | Active since Sept 2019

22 Dec 2021, 13:49

Discovery Banking - Jokes

I have been a discovery client for 5+ years and my credit card limit has been the same rediculous R1500 since i started.

Since then i have taken up other credit cards and personal loans and discovery throughout that process declined a limit increase, other institutions gave it instantly.

During the last 6x months i have settled R200k in short term debt and closed the R40k limit credit card through standard bank after settling it. I did all this in order to "qualify" for a limit increase on my Discovery card.

And i am shocked that the increase in limit was declined once again. My installments on all the other debt paid off i am saving monthly now is in the region of R8000.

I have never skipped any debt repayments and my ITC profile is in the top 1% in the country.

Discovery states it is declined for affordability reasons, but a R30k credit card balance installment will be in the range of R2500...(I only want the limit increase to qualify for the Vitality device benefits) I am not even looking to spend the damn limit.

I am R8000 better off per month, than I was months ago and at that time still managed to "afford" all the other installments.

I would like to know if the analysts at discovery had any maths and what kind, because you need a lesson in how to use a calculator.

If someone in senior management does not contact me with a resolution, then I will cancel and move everything I have with Discovery: Medical aid R9500 per month; Insurance R4400 per month; Bank and credit card (Cute R1500 limit)....

Below reference number is the call centre reference when i phoned them earlier today: ***

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Replies (1)
Discovery Bank
Discovery Bank's reply30 Dec 2021, 21:17
Official
Hi Francois

Thank you so much for reaching out.

I'm so sorry to hear about your experience with Discovery Bank when it comes to your credit limit but I'd love to assist in anyway.

Please DM me your ID number to have a look at the decline reason.

Kind regards
Nicolene