Finder makes money from featured partners, but editorial opinions are our own.

Diners Club closing down in Australia

Posted:
News
DinersClubClosure_Supplied_1800x1000

Cards will stop working from January 2024.

Diners Club Australia is shutting the restaurant door.

The charge card company has announced that personal Diners Club cards will no longer be usable from 30 January 2024. After that, cards won't be able to earn points and lounge access won't be available using the card.

"From 1 November 2023 we will pro-rata refund any Annual Fees and Rewards Fees charged on your Diners Club Personal Card and Companion Mastercard for the previous 12 months," the company's announcement notes. "This refund should appear in your November or December statement."

Any Rewards Points must be redeemed by 30 July 2024. Some travel insurance acquired through travel purchases will remain valid until later in 2024.

Diners Club stopped accepting new applications for cards locally following the acquisition of Citigroup in Australia by NAB. That buyout was announced in 2021 and came into effect in mid-2022.

Diners Club hasn't yet made a statement around the future of business Diners Club cards in Australia. However, the application links on its site for business cards are no longer working, so their days also seem numbered. Australian Frequent Flyer reports that forum members who have asked to switch their personal cards to business ones have been told it won't be possible.

Diners Club has a long history in Australia. It launched here in 1956, as a franchise of the main Diners Club which had started in the US in 1950.

That made it Australia's first-ever charge card, decades before Bankcard launched in 1975.

Acceptance of Diners Club by merchants has declined in recent years, and current cards in Australia include a companion Mastercard to make them more flexible.

Charge cards remain a niche part of the Australian market, with just 8.3% of transactions made using them, according to Finder analysis of RBA transaction data. American Express is by far the biggest player in the space.

Want to keep your frequent flyer points balance growing? Check out the latest credit card sign-up deals.

Image: Supplied: Diners Club/Trove

Ask a Question

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Go to site