What are the Discovery credit card requirements? It’s a question that some of our readers have been asking. Discovery Bank offers a host of services to its customers, which is one of the reasons why this bank is so popular in South Africa. You are here because you now wish to get a Discovery credit card. What do you need to qualify for one? That’s the question that we are going to answer in this article.
Requirements to get a Discovery credit card
Here are the requirements to apply for a Discovery Bank credit card online:
- Valid South African ID.
- Address Proof
- A copy of your payslip.
- Must be 18 years or older.
- Most recent 3 months’ personal bank statements
- When applying online, you also need to have the phone that’s linked to your Discovery Bank account. An OTP will be sent to your number.
- Discovery Bank offers different credit cards. You need to qualify for the one that you are applying as explained below.
- Stable monthly/ annual income
- The minimum salary requirement for a credit card application is more than R100,000.
FAQs
The minimum salary requirement for a Discovery credit card is more than R100,000, and their debt service ratio (which we require to be less than 66%.
Yes, all credit card issuers will require proof of income to verify your employment status, whether salaried or self-employed. The latest salary slips and copies of your tax returns are some of the documents, that can be submitted as proof of income.
Summary
In this article, we gave you the Discovery credit card requirements. Credit cards are important for those looking for easy access to money as needed. The type of credit card that you will get from Discovery depends on your income. You can apply for a credit card online or in-store.
Read our previously published article on How to connect with Discovery credit card customer service.
Editorial Note: The information presented in this article is not provided by the Discovery Bank. The article has been created for educational purposes and is intended to be helpful for customers of the Bank. It should be emphasized that the content is not endorsed or validated by the Bank, and readers should refer to the official website for accurate and up-to-date information about the bank’s products and services.
Author
Hello friends, my name is RK Singh, and I am an engineer. But by profession, I am a blogger. My main goal in starting this blog is to solve the difficulties people face in using online banking, bank branch codes, debit cards, and credit cards. I am not affiliated with any bank or company. I try my best to give the correct information to the people so that they can achieve their goals in the right way.
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