Frequent Flyer Diners Club Card and World Mastercard Card

Last updated: Jul 22, 2020

Get premium Diners Club rewards and the convenience of a Mastercard.

The Frequent Flyer Diners Club is a charge card account that offers 1.25 Qantas Points per $1 for eligible purchases made with the Diners Club card and 0.5 Qantas Points per $1 spent with the linked Mastercard

0.5

Reward points

Per $ spent

$260 p.a.

Annual fee

37 days

Interest free period

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Details

Product Name	Frequent Flyer Diners Club Card + World Mastercard Card
Rewards program	Qantas Frequent Flyer
Purchase rate	N/A
Annual fee	$260
Interest-free period	37 days
Card type	Diners Club
Foreign currency conversion fee	3.4%

Minimum income	$75,000
Available to temporary residents	No
Joint application	No

Pros

Comes with complimentary travel insurance
Provides free access to the over 700 international airport and Members Lounges
12-month access to Regus Business Lounge

Cons

This card has a high annual fee of $260
Its maximum interest-free period on purchases is only 37 days, which is much shorter compared to most cards that offer 55 days

Rewards program	Qantas Frequent Flyer
Rewards points per $ spent	0.5

Annual fee	$260
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	$50

Expert review

Review by

Amy Bradney-George

amy.bradney-george@finder.com

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

While Diners Club cards are not widely accepted in Australia, the 1.25 points per $1 earn rate on this card may tempt Qantas Frequent Flyer members who are looking to rack up points quickly. But if most of your spending is with busiensses that don’t accept Diners Club cards, you’ll only get 0.5 Qantas Points per $1 spent through the Mastercard. This earn rate is on the lower end of the scale, especially considering the $260 annual fee.

Points are not the only way to get value from this account though. It also offers complimentary access to over 700 airport and member lounges, complimentary travel and purchase protection insurance and the Diners Club Shipping service (which offers simple shipping options for US purchases). As it is a charge card account, you’ll have to pay off the entire statement balance each month, with a 37-day billing period that is shorter than other charge card or credit card options. Make sure you think about all these features and your own spending patterns to decide if this account will work for you.

How to apply

You can apply for the Frequent Flyer Diners Club Card and World Mastercard account by filling in a secure application form on the Diners Club website. Get started by making sure you meet the eligibility criteria and have all the documents and details you'll need to complete the application.

Eligibility criteria

Age. You must be at least 18 years of age.
Minimum income. You must earn at least $75,000 per year.

Documents and details

Personal details. This includes your full name, date of birth, contact details, marital status and your driver's licence number. You may also be asked to provide other forms of identification to help verify these details.
Financial details. This covers your salary, job title, length of employment and your employer's contact details. You can also provide details of your accountant and other documents to help support your application, such as recent payslips, bank statements or your latest tax assessment notice from the Australian Taxation Office.
Card details. You need to provide an estimate of the monthly spending you plan to use the Diners Club account to pay for, as well as whether you use the card for personal or business expenses. You also have to confirm whether you currently have any other cards.
Frequent flyer details. You need to provide your Qantas Frequent Flyer membership name and number to be able to earn Qantas Points with this account. If you're not a Qantas Frequent Flyer member, check out Finder's guide on how to join for free.

Card benefits

Qantas Points. Earn 1.25 Qantas Points per $1 spent on eligible purchases with the Diners Club Charge Card and 0.5 points per $1 spent with the Mastercard. Eligible transactions cover most everyday purchases and, unusually, cash advances. Transactions that are not eligible to earn points include account fees and charges, taxes and government-related transactions.
Extra points for spending with Qantas. Collect 1 additional Qantas Point per $1 spent on Qantas passenger flights (with a QF flight number), Qantas Club membership or Qantas Frequent Flyer membership. Additional points are only available when the payment is made directly to Qantas in Australia.

Diners Club Shipping. A free 24 month premium membership to MyUS.com. This service allows you to purchase US goods that are not usually shipped internationally. Purchases made through the account will be sent to a US warehouse, then forwarded to you, anywhere in the world. Membership also gives you access to savings on shipments and a personal shopping service.
Complimentary insurance. This Frequent Flyer Diners Club account gives you access to complimentary international travel insurance, interstate flight inconvenience insurance and transit accident insurance for eligible travel. For shopping, it offers complimentary purchase cover, extended warranty insurance and a guaranteed pricing scheme. Make sure you read the insurance policy booklet in detail to find out when you can get cover and what's involved in making a claim.
Citibank Dining Program. Enjoy a free bottle of wine when you dine with restaurant partners through the Citibank Dining Program.
World Mastercard benefits. Get access to exclusive offers on shopping, dining, travel and even golf through Mastercard Priceless Cities and Priceless offers – with even more premium perks available to World Mastercard cardholders.
Diners Club Privileges. Make the most of exclusive dining, travel and entertainment offers available through the Diners Club Privileges program.

Rates & fees

Annual fee. This account has a $260 annual fee.
Billing period. There are 37 days in each billing period. As this is a charge card, you will need to pay the entire statement balance by the due date.

Additional cardholder fee. A fee of $50 per year applies if you add another cardholder to your account. Note that you will be the only person legally responsible for keeping the account in good standing.
Cash advances. If you use this card to withdraw cash from an ATM, or for any other cash advance transaction, you'll pay a fee worth 4% of the transaction, with a minimum cost of $4.

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4 Comments

Bruce
February 16, 2016

(1) What charges and limits apply to a cash advance taken using a Diners Club card, and a companion MasterCard, from an ATM outside Australia?
(2) How many Qantas Frequent Flyer points per dollar spent does my (a) Diners Club card and (b) companion MasterCard accrue during the first $60,000 spent per year? How many points per dollar spent after $60,000, for each card?

finder Customer Care

Jonathan
February 19, 2016

Hi Bruce, thanks for your question!

The overseas cash advance charges would be $4 or if greater than $100 or 4% of the amount advanced with a withdrawal fee of $3 per transaction.

The Frequent Flyer Diners Club card will earn 1 Qantas Point per $1 spent.
The Frequent Flyer Diners Club + World MasterCard (Companion MasterCard) will earn 1 Qantas Point per $1 spent.

Cheers,

Jonathan

jim
January 7, 2016

Access to airport lounges in Australia?

finder Customer Care

Sally
January 7, 2016

Hi Jim,

Thanks for your question.

The Diners Club World MasterCard does offer cardholders access to over 450 airport lounges around the world, but unfortunately none of those are located in Australia.

You can compare credit cards that offer free access to airport lounges in Australia and around the world here.

I hope this has helped.

Cheers,

Sally

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Frequent Flyer Diners Club Card and World Mastercard Card