Citibank is broadening its portfolio of points-earning credit cards with a new Citibank Diners Club card, available in conjunction with the bank’s existing Citibank Platinum, Signature and Prestige Visa credit cards.
Issued by Diners Club but serviced by Citibank, cardholders have access to a single credit limit across both cards, a single card PIN, one online banking login and one credit card statement (and monthly payment), loosely resembling American Express dual-card accounts of the years gone by from the Big Four Banks.
Shoppers can earn 2 Citibank Rewards points per dollar spent on Diners Club purchases using the Linked Diners Club Card – equal to one Virgin Australia Velocity point for Citibank Prestige and Signature cardholders (2:1 conversion), or 0.8 Velocity points for Platinum members, when converted from Citibank Rewards at a 2.5:1 rate.
Citibank Qantas Rewards members can instead earn one Qantas Point per $1 spent via Diners Club, whether holding a Citi Platinum, Signature or Prestige credit card, with all points awarded on Diners Club spend uncapped, but with the usual exclusions such as no points on government payments.
While Diners Club acceptance in Australia trails Visa, Mastercard and American Express outside major businesses like airlines, hotels and chain stores, using the Linked Diners Club Card overseas comes without any international transaction fees, compared to the 3.4% charge levied by Citibank on the attached Visa.
What’s more, Diners Club is accepted in the USA wherever Discover cards are welcome (helped by a Discover logo on the back of the card); in China wherever UnionPay international cards are accepted; in Japan wherever JCB is valid; in India via the RuPay network; and as a BC Card in South Korea, joining other Diners Club merchants worldwide for increased acceptance, and at no additional annual fee over and above that charged on the linked Citibank Visa card.
New Citibank Rewards customers who opt-in for the Linked Diners Club during their Prestige, Signature or Platinum credit card application can also earn 10,000 bonus Citibank Rewards points after their first Diners Club transaction within 90 days, when applying by March 31 2019.
Existing Citibank Rewards Platinum, Signature and Prestige cardholders can also contact Citibank to request the Linked Diners Club Card to begin earning points at higher rates, when using the Diners card.
However, Citibank has confirmed to Australian Business Traveller that Linked Diners Club cardholders will not receive access to Diners Club's global airport lounge network, a perk that will remain reserved for cards both issued and serviced by Diners Club, including the Qantas Diners Club Card and the Diners Club personal charge card.
There's no change to the Priority Pass airport lounge benefits included with Citi's Prestige and Signature cards – being one unlimited membership with Prestige, and two complimentary visits per year with Signature – so these cardholders can whip out their Priority Pass card instead to access many of the same lounges.