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Aadil D

1 reviews | Active since Sept 2015

05 Apr 2022, 10:59

Ridiculously high interest rates.

I've just joined Discovery Medical Aid and was considering taking up more of their products but got a shock when I was quoted almost double my interest rate on a credit card and on a reduced credit limit of almost 75%. The consultant then says that the interest rate can drop up to 6.75% depending on how I bank, the lowest rate is still higher than what my current interest rate is on my FNB credit card. Discovery Bank is out there to kill clients with their ridiculously high interest rates.

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Replies (2)
Discovery Bank
Discovery Bank's reply05 Apr 2022, 13:41
Official
Good day Aadil 

Thank you for reaching out.

I apologize if you were not happy with the interest rate offered and sorry to hear how you feel about Discovery Bank.

Kind regards
Nicolene
Discovery Bank
Discovery Bank's reply06 Apr 2022, 06:47
Official
 Unfortunately not, wish I would assist you with that regard.

Discovery Bank works a little different than your traditional banks and it's all about The Future of Banking. Now.

Interest rates are adjusted with Vitality Money and shared value banking.

Who knows, you could have even a better interest rate at the end of the day if you give it a try.

Kind regards
Nicolene