Consumer Payment Card News

Diners Club Plus

Diners Club, which is in the process of migrating to the MasterCard network in the USA by year’s end, is adding a line of credit to its personal card programs. As an incentive, the new “Club Plus Account” will award two bonus points for every $1 transferred from the charge card balance to the line of credit by the end of July. Diners Club and Diners Club Carte Blanche cardholders need to use an “Activator Coupon,” enclosed with this month’s statement to access the credit line. Diners is offering a prime +9.4% interest rate for the program. Payments may be extended up to 24 months with the “Club Plus” account. The “Activator Coupons’ cannot be used to pay on a “Diners Club Corporate Card.” As with all Diners Club cards, cardholders have two billing cycles to make a payment before late charges apply. Citigroup, which owns Diners Club, and MasterCard International, announced last month that “Diners Club” cards will access MasterCard’s worldwide network by the end of 2004. The alliance would allow “Diners Club” cards that are issued in the USA and Canada to be reissued with the MasterCard brand on the front of the card in order to function as MasterCard cards worldwide. “Diners Club” cards issued by Diners Club International franchises (outside the USA and Canada) will include the MasterCard brand on the back of the card, allowing these cards to be accepted at MasterCard merchants in the U.S. and Canada and processed as MasterCard transactions. When these cards are used outside of the United States or Canada, they will continue to be accepted and processed by Diners Club as they are today. In the USA and Canada, Citigroup offers the “Diners Club” charge card, the “Carte Blanche” charge card, and the “Montage” credit card via Diners Club. Worldwide, Diners Club is issued in more than 200 countries and 70 local currencies. For more information visit: “http://www.dinersclubnorthamerica.com/US/en/us_home_flash.jhtml”:http://www.dinersclubnorthamerica.com/US/en/us_home_flash.jhtml

Leave A Reply