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Media Release - 15 11 2012

Diners Club partners with Qantas to give members exceptional value

  • Includes companion World MasterCard on the same account which provides acceptance at over 34 million locations.

November 15, 2012: 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*.

The cards also offer travel benefits. The Diners Club card entitles members to entry at over 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."

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Media Contact:

Luke Thomas Tel: +61 2 8225 1631 Email: Luke.Thomas@citi.com
Judy Hitchen Tel: +61 2 8225 1643 Email: Judy.Hitchen@citi.com

Diners Club:

Diners Club is a specialist charge card company, providing innovative payment and financing solutions to the personal, corporate and business sectors. Diners Club offers a range of charge cards. Charge cards differ from credit cards as they have no pre-set spending limit and the balance must be paid at the end of each payment cycle.

The company is renowned by both personal cardholders for its market leading rewards program and superior customer service and by business cardholders for Diners Club's GST reporting solutions and tailored expense management systems.

Additional information may be found at citigroup.com, citi.com or citibank.com.au; or on Twitter@citi or @citibank, on Facebook at /citi or /citibankaustralia, on linkedin.com/company/citi, on youtube.com/citi and at out blog http://new.citi.com..

Qantas Frequent Flyer:

The Qantas Frequent Flyer program was launched in 1987 and today has 8.9 million members. The program has more than 500 partners, including airlines, hotels, financial institutions and retailers providing members a variety of options to earn points. Over 3.4 million Award flights were redeemed by members last year, and the online Qantas Frequent Flyer Store offers more than 3,000 products for delivery in Australia including gift cards, merchandise and experiences.

Additional information may be found at www.qantas.com/frequentflyer

* Diners Club is the offer or, issuer and administrator of the Frequent Flyer Diners Club card with World MasterCard. Points are earned in accordance with and subject to the Frequent Flyer Diners Club Card terms and conditions. You must be a Qantas Frequent Flyer member to earn points. Points and membership are subject to the Qantas Frequent Flyer program terms and conditions which can be found at qantas.com/terms.