The FINANCIAL — Diners Club has partnered with Qantas to launch a new rewards payment card giving members exceptional value on their purchases.
Members also have access to a companion World MasterCard on the Diners Club account, which increases acceptance with merchants to over 34 million locations around the globe.
The Frequent Flyer Diners Club card with World MasterCard offers consumers some of the most competitive earn rates for Qantas Frequent Flyer points. For the first $60,000 spent each year on eligible purchases on the Diners Club card, the member earns a high 1.5 Qantas Frequent Flyer points per dollar and 1.25 points per dollar thereafter. For the first $60,000 spent each year on eligible purchases on the World MasterCard, the member earns 1 Qantas Frequent Flyer point per dollar and 0.75 points per dollar thereafter.
As Citigroup Inc. announced, the cards also offer travel benefits. The Diners Club card entitles members to entry at more than 450 international airport lounges as well as travel insurance and a discounted limousine service. The World MasterCard offers travel benefits such as VIP treatment at some of the best hotels, restaurants, events and stores.
The fee for the Frequent Flyer Diners Club card with World MasterCard account is $260 for a primary card and $50 for a supplementary card.
Richard Wilde, Head of Diners Club Australia, said Diners Club is providing direct competition to increasingly popular debit card products.
"Debit card accounts enable consumers to pay as they go, much like a charge card, but without the rewards. Diners Club requires its members to pay their balance off at the end of each payment cycle while earning Qantas Frequent Flyer points at some of the most competitive earn rates in the market," said Mr. Wilde.
In Australia, Diners Club is part of the Citi family of companies. Julian Potter, Head of Cards for Citibank, said, "The Frequent Flyer Diners Club card is designed to be the ‘hero' Qantas offer for Citi in Australia. We believe this new card is the market leading payment product for consumers who value the Qantas Frequent Flyer program and the extensive travel services Diners Club offers."