Diners Club Card + Mastercard Card

Last updated: Jul 1, 2020

Earn rewards for your business spending and enjoy worldwide acceptance with both a Diners Club and Mastercard linked to one account.

Designed for small to medium-sized businesses, the Diners Club Card + Mastercard account offers no pre-set spending limit and up to 51 days to pay the account balance.

It also offers 1 point per $1 spent with the Diners Club card and 0.5 points per $1 with the Mastercard.

0.5

Reward points

Per $ spent

$249 p.a.

Annual fee

51 days

Interest free period

Details

Product Name	Diners Club Card + Mastercard Card
Rewards program	Diners Club Rewards
Purchase rate	N/A
Annual fee	$249
Interest-free period	51 days
Card type	Diners Club
Foreign currency conversion fee	3.4%

Minimum income	$35,000
Available to temporary residents	No
Joint application	No

Pros

Earn up to 3 points per $1 spent
Earn unlimited points with no expiry
Access to complimentary insurances and member lounges

Cons

This card charges a $249 annual fee and a $79 additional cardholder fee.

Rewards program	Diners Club Rewards
Bonus points	N/A
Rewards points per $ spent	0.5

Annual fee	$249
Foreign currency conversion fee	3.4%
Cash advance fee	4% or $4, whichever is greater
Overseas cash advance fee	4% or $4, whichever is greater
Additional cardholder fee	$79

Expert review

Review by

Sally McMullen

sally.mcmullen@finder.com.au

Sally McMullen is a creative content producer at Finder, co-hosts our Pocket Money podcast and wrote about credit cards for almost five years. Her byline can be spotted on Yahoo Finance, Dynamic Business, Financy and Mamamia as well as Music Feeds and Rolling Stone. She has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

The Diners Club Card + Mastercard Card gives you a way to keep track of business spending and earn rewards at the same time. A key feature for business owners is that each Diners Club monthly statement tracks GST, flags fringe benefit tax (FBT) liabilities and meets ATO guidelines to be used as a substitute for most tax invoices.

You can also choose to pool the points earned through the account, or let each cardholder earn points separately. It also offers complimentary travel insurance, purchase insurance and airport lounge access. As a charge card, you won’t pay interest on the balance, but do have to pay the closing account balance in full by the due date on each statement.

How to apply

You can apply for this business card account by filling in a secure application form on the Diners Club website. You have the option of emailing or posting the application back to Diners Club using the addresses given on the form.

To apply you must be the director, partner or principal of the business. Have the following information on hand to complete your application:

Required documents

Personal details. Your name, address, current title at the business and your account number if you currently have a Diners Club card
Business information. The registered business name, ACN and ABN/ARBN, trading address, the industry the business is in, the expected account expenditure, the number of employees and a business reference.

Card benefits

Rewards. You'll earn 1 Rewards Point per $1 spent with your Diners Club Card and 0.5 Rewards Points per $1 spent on your Mastercard. You can redeem your points for travel, gift cards, retail items and other rewards offered through the Diners Club Rewards program.
Complimentary insurances. Get access to international travel insurance, interstate flight inconvenience insurance and transit accident insurance for eligible travel you pay for with your card. You also get protection for eligible purchases with extended warranty insurance, purchase cover insurance and a guaranteed pricing scheme.

No pre-set spending limit. Spend confidently within your business knowing you won't be limited by your cash flow fluctuations. There pre-set spending limit for this account, although keep in mind that some transaction authorisations may require you to prove that you have sufficient resources in order to repay it.
Acceptance. Your Diners Club card will be accepted worldwide in 15 million businesses and you can use it to withdraw cash at over 800,000 ATMs. When it comes to your Mastercard, 37 million locations will accept your card and you can use it at 2 million ATMs.
Airport lounge access. Enjoy complimentary access to 700 airport lounges around the world through the Diners Club Airport and Member Lounges service. Card members can search for participating lounges online via the Diners Club website.
Discounts, shopping, membership privileges. Cardholders receive complimentary membership to Regus Preferred Businessworld for one year, with benefits including 10 complimentary Regus lounge visits per year. Diners Club Shipping offers savings on orders from the US, while the Citibank Dining Program offers perks including complimentary wine at partner restaurants in Australia and overseas. Plus exclusive offers through Diners Club Privileges.
Customer service. If you need help with your account, you can call up Diners Club customer service for assistance 24/7.

Rates & fees

Annual fee. To enjoy the benefits of this card account, you'll need to pay an annual fee of $249.
Additional cardholders. You can add additional cardholders onto this account – just keep in mind each added card will carry an extra fee of $79 p.a.

Account statements. This account has a 51 day billing cycle and you will need to pay the full balance by the due date on each statement. The statements include a breakdown of GST and combines entertainment and travel expenses into one system for easier management. It is also compliant with ATO guidelines and can be used as a substitute for tax invoices, with the exception of mixed supplies.

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Diners Club Card + Mastercard Card