Frequent Flyer Diners Club Card and World MasterCard Card

Information verified correct on December 4th, 2016

Take advantage of premium Diners Club rewards with the convenience of a MasterCard.

The Frequent Flyer Diners Club Card is a charge card which makes the most of a partnership with Citibank and MasterCard to bring consumers premium rewards and worldwide acceptance.

The Frequent Flyer Diners Club Card and linked World MasterCard are not credit cards, and as such have no pre-set spending limit. You receive one statement for both cards, and you'll get up to 37 days to pay off your purchases.

Diners Club cards aren't accepted by as many merchants and ATMs as regular credit cards however, so you'll also receive a linked World MasterCard to use in these situations. This means you still get the acceptance of a MasterCard at 33 million locations worldwide with the rewards of the Diners Club card.

Product NameFrequent Flyer Diners Club Card + World MasterCard Card
Rewards ProgramQantas Frequent Flyer
Annual fee$260 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 37 days on purchases
Minimum Income$75,000
Card TypeDiners Club
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Minimum Income$75,000
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Annual Fee$260 p.a.
Cash Advance Fee$4 or if greater than $100, 4% of the amount advanced
Overseas Cash Advance Fee$4 or if greater than $100, 4% of the amount advanced
Overseas ATM Withdrawal Fee$3
Foreign Currency Conversion Fee (MC)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Additional Cardholder Fee$50 p.a.
BPAYYes
ChequeYes

Pros

  • This card comes with complimentary travel insurance.
  • You have access to the Diners Club Airport and Members lounge.
  • You can get a 12 months access to Regus Business Lounge.

Cons

  • An annual fee of $260 will be imposed if taken with a combination of Diners Club and MasterCard.
  • Few merchants will accept the Diners Club cards.
  • Using the card to withdraw money in the ATM as cash advance is subsequent to charges.
Rewards ProgramQantas Frequent Flyer
Rewards Points per $ (VISA/MC)1
Rewards Points per $ (VISA/MC) CapUncapped
Rewards Points per $ (AMEX) CapN/A
Points ExpiryNever

Benefits of the Frequent Flyer Diners Club Card and linked World MasterCard

The Frequent Flyer Diners Club Charge Card has a number of premium Diners Club rewards in addition to the aforementioned Frequent Flyer program:

  • Member lounges

    Access to Diners Club Airport and Member Lounges

  • Regus Businessworld Membership

    Free 12 month Regus Gold Businessworld membership. This gives you domestic and international access to Regus Business Lounges, which give you a quiet and professional location to host business meetings.

  • Diners Club Shipping

    A free 24 month premium membership to Diners Club Shipping (worth $US120). Along with discounts of 10% off of shipments, this service allows you to purchase US goods not usually shipped internationally. Your purchase is sent to a US-based warehouse, after which it’s delivered to you anywhere in the world within four days.

  • Preferred seating privileges

    Preferred seating for upcoming sporting, concert and movie events.

  • ATM use

    Cardholders can still use their Frequent Flyer Diners Club Charge Card to withdraw cash from an ATM as a cash advance - although as with most cards these are subsequent to fees. All cardholders need to do is apply for a PIN number. This application can occur after your Diners Club charge card application is approved and you have your Diners Club Card number.

  • Global use

    There is no shortage of locations to use your Frequent Flyer Diners Club with World MasterCard. It's accepted in more than 185 countries and 800,000 ATMs, while the linked World MasterCard is accepted at 1.9 million ATMS worldwide and 33 million locations. This means you don't have to worry about being short of cash while travelling.

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Features of the Frequent Flyer Diners Club Card and World MasterCard Card

  • Complimentary insurances give you peace of mind while travelling - Like many of the most popular cards on the market, the Frequent Flyer Diners Club Charge Card offers a range of complimentary insurances when you pay for a trip using your card. These range from travel insurances to extended warranty schemes, and can save you thousands of dollars.
    • Complimentary travel insurance - This is a handy cost saving benefit of Diners Club card ownership. Serious medical emergencies can cost hundreds of thousands of dollars while overseas, and the costs for special medical flight arrangements home can also empty your wallet by tens of thousands of dollars. This provides free cover for cardholders and their spouses and children provided tickets are paid for using the Frequent Flyer Diners Club Charge Card.
    • Interstate flight inconvenience insurance - This insurance provides cover for emergency luggage replacement, lost or stolen personal and business belongings, rental vehicle excess cover in the event of a driving accident, and funeral costs. The cardholder simply needs to pay for the entire airfare using the Personal Card.
    • Extended warranty insurance - For purchases made on a Diners Club card, warranty periods will be doubled for warranties of up to a year. Warranties of one to five years will be extended by one year, however there are no warranty extensions for warranty periods of over five years. The cost of repair or replacement is covered up to a maximum of $20,000 per card, per year.
    • Purchase cover insurance - Purchases made on this card are covered against theft, loss and damage for 90 days after the initial purchase. The maximum payment for art, watches and jewellery is $3,000 per claim.
    • Guaranteed pricing scheme - If a cardholder makes a full purchase of an item on their Diners Club card and finds it cheaper, they'll be refunded up to $500 of the price difference. This is provided the difference is greater than $75. The model, make and year must also be identical.
  • Frequent Flyer Program - The Frequent Flyer Diners Club Charge Card earns Frequent Flyer points which can be redeemed for a range of products and services, including flights from airline partners such as Qantas, Jetstar, British Airways, American Airlines and many more. The points don't expire and aren't capped. The earn rate for these points is different depending on the card you use. For the first $60,000 spent each year on eligible transactions you'll earn:
    • Frequent Flyer points for every $1 you spend on your Diners Club Charge Card
    • 1 Frequent Flyer point for every $1 spent using the MasterCard.
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How to apply for the Frequent Flyer Diners Club Card and World MasterCard Card

Application Requirements

  • 18 years or older
  • Minimum income requirement for the Diners Club Frequent Flyers card is $75,000 p.a.

Diners club cards provide a unique alternative to the major credit cards on offer in the market today.

Examples of other card schemes include American Express, Visa and Mastercard. Schemes are usually the cause of foreign exchange transaction fees for customers on purchases overseas, withdrawing from international ATMs and from buying online from international websites.

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4 Responses to Frequent Flyer Diners Club Card and World MasterCard Card

  1. Default Gravatar
    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?

    • Staff
      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

  2. Default Gravatar
    jim | January 7, 2016

    Access to airport lounges in Australia?

    • Staff
      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

Credit Cards Comparison

Rates last updated December 4th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on purchases and balance transfers for 15 months. This card also comes with a low annual fee.
0% p.a. for 15 months (reverts to 13.99% p.a.) 0% p.a. for 15 months with a one off 3% balance transfer fee $59 p.a. Go to site More info
HSBC Platinum Qantas Credit Card
Receive 60,000 bonus Qantas Points on eligible spend within 3 months. Enjoy access to premium benefits and complimentary insurance.
19.99% p.a. $199 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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