Last updated: 1 March 2025

Discovery Bank Platinum Card

The Platinum tier unlocks higher transaction limits, better interest rates, and more generous rewards. Designed for professionals earning between R350,000 and R850,000 per year who want more from their banking.

Discovery Bank

Platinum

Enhanced rewards for growing professionals

R170/month

Can be reduced to R0 with Diamond Vitality Money status

R350,000 to R850,000 per year

All Gold benefits plus enhanced rewards
Higher transaction and daily limits
Better dynamic interest rates
Up to 75% monthly fee discount at Diamond status
Priority customer support

View full details

Platinum card at a glance

Monthly Fee

R170

Can be reduced to R0 with Diamond Vitality Money status

Income Requirement

R350,000 to R850,000 per year

Savings Rate

Up to 6.75% on demand savings

At Diamond Vitality Money status

Everyday Rate

Up to 3% on everyday balances

On transaction account balance

Fuel Cashback

Up to 10%

At HealthyFuel partner stations

Grocery Cashback

Up to 10%

At HealthyFood partner stores

Premium perks

Lounge Access

Limited domestic lounge access

Full list of Platinum card benefits

All Gold benefits plus enhanced rewards
Higher transaction and daily limits
Better dynamic interest rates
Up to 75% monthly fee discount at Diamond status
Priority customer support
Enhanced Vitality Money rewards tiers

Earn up to 5,000 Discovery Miles

Use this referral code when opening your account. You get up to 5,000 Discovery Miles for a Full Banking Suite, or 2,500 for a Credit Card Account.

DNJ001

You must make a transaction using your virtual card or digital wallet within 30 days of opening your account to qualify. We also earn Discovery Miles from this referral. This does not affect our recommendations.

Platinum card fee schedule

All fees shown are before Vitality Money discounts. At Diamond status, monthly account fees can be reduced by up to 75%.

Monthly Account Fees

Fee	Platinum Amount
Full Banking SuiteIncludes transaction account, credit card, and Vitality Money. Up to 75% discount at Diamond status.	R170
Transaction Account (bundled)Transaction account only with bundled transactions included.	R120
Credit Card Account	R70

Transaction Fees

Fee	Platinum Amount
Card swipe / tapFree if on a bundled account with included transactions.	R1.30
Online / app transfer	R4.50
Debit order	R4.00
PayShap payment0.4% of amounts above R1,500.	Up to R12

ATM Fees

Fee	Platinum Amount
Own ATM withdrawal	R5.50
Other bank ATM withdrawal	R10.00
Balance enquiry (own ATM)	R0.00

International Fees

Fee	Platinum Amount
International card transactionPercentage of the transaction amount in foreign currency.	3.5%
International ATM withdrawal	R65

Who is the Platinum card for?

The Platinum card suits established professionals earning between R350,000 and R850,000 per year who want enhanced rewards and higher limits without jumping to a premium price point.

The Platinum card is a good fit if:

You have outgrown entry-level banking and want better interest rates on your savings
You want meaningful fuel and grocery cashback (up to 10%) that offsets the monthly fee
You travel domestically and would benefit from airport lounge access
You need higher daily transaction limits for your lifestyle
You want the best rewards-to-fee ratio in the Discovery Bank range

Not sure the Platinum card is right for you?

Compare all Discovery Bank cards side by side

Ready to get the Platinum card?

Use referral code DNJ001 when you open your Discovery Bank Platinum account. Earn up to 5,000 Discovery Miles.

Open Your Account Compare cards first

We earn Discovery Miles when you sign up with our code. This does not affect our recommendations.

Discovery Bank Platinum Card FAQ

If you earn between R350,000 and R850,000 per year, the Platinum card is generally worth the upgrade. For R55 more per month than Gold, you get higher savings rates (up to 6.75% vs 6.5%), better everyday interest (up to 3% vs 2.5%), higher fuel and grocery cashback (up to 10% vs 7.5%), and higher transaction limits. The enhanced rewards typically recover the fee difference within the first month.

The Platinum card requires a gross annual income between R350,000 and R850,000 (approximately R29,000 to R71,000 per month before tax). Discovery Bank verifies your income during the application process, so you need to meet this threshold to qualify.

The Platinum card includes limited domestic airport lounge access. This is a step up from the Gold card (which has no lounge access) but does not include international lounges. If frequent international lounge access is important to you, consider the Black or Purple tiers.

Yes. Like all Discovery Bank tiers, the Platinum card fee of R170 per month can be reduced by up to 75% through the Vitality Money programme. At Diamond status, the fee drops to approximately R43 per month, making it highly competitive for the level of benefits provided.

Written by the BankDiscovery Team

We are a team of South African finance enthusiasts who believe banking decisions should be based on facts, not marketing. We research, compare, and explain so you can choose with confidence.

Learn more about us

bankdiscovery.co.za is an independent resource and is not affiliated with, endorsed by, or connected to Discovery Limited or Discovery Bank. We earn Discovery Miles when you open an account using our referral code. This does not affect our recommendations.

Open your Discovery Bank Platinum account

Join thousands of South Africans earning rewards on everyday spending. Use code DNJ001 for up to 5,000 Discovery Miles.

Open Your Account Compare cards first

We earn Discovery Miles when you sign up with our code. This does not affect our recommendations.