Banks are catering to high income South African with luxury benefits and rewards for certain credit card holders. BusinessTech took a look at what major banks offer and what they provide their clients.
Despite having to pay more than other banking options, much of the appeal of credit cards are the lavish rewards and benefits that come with them.
Discovery Bank offers two different banking products, the Discovery Bank Purple Suite for South Africa’s wealthy and theThe qualifications to be considered for an invitation are unknown; however, the standard Discovery Bank Purple Suite requirements are still high. A prospective cardholder must earn no less than R2.5 million, the equivalent of a monthly salary of R208,000.
According to FNB, the card itself is metal, making it more resilient, durable and environmentally friendly. The main draw of this card is the exclusive eBucks lifestyle benefits that come with it, up to 55 days’ interest-free purchases and personalised interest rates.
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