Diners Club Business Credit Card

About the Diners Club Business Credit Card

Diners Club produces one of the most prestigious credit cards in the world and their cards are highly sought after by individuals, corporates and businesses alike.

The name Diners Club is very appropriate considering that the credit card, as a method of payment, was conceived by the founders of Diners Club in a restaurant in the USA some 70 years ago. A decade and a half later, Diners Club was launched in Australia, becoming the very first credit card to circulate in our country.

The demand for Diners goes beyond prestige. Their credit card products are innovative, flexible and appropriately tailored for the markets they serve. One of the credit card products showing unprecedented growth is the Diners Club business credit card.

Who is best suited to the Diners Club Business Credit Card?

Diners Club developed their business credit card product with the needs of small to medium sized businesses in mind. It is perfectly suited to those of us who need some of our credit card related financial administration automated, a greater measure of control over expenses and the ability to tailor the product to better suit our businesses’ needs.

In real terms, the Diners Club business credit card is a charge card. This means that your business must pay the amount spent on the card in full when the balance falls due. As a result, the card is ideal for businesses that do not carry balances forward from time to time.

For your business to qualify for a Diners Club business credit card, you business must have been trading for at least two years. In other words, your business must be able to prove itself as a going concern and be in a position to deliver financial records to corroborate both its historical and present standing. Only the business owner / partner / principal will be allowed to apply for the business credit card and must earn at least A$35,000 per year.

Some Key Features of the Diners Club Business Credit Card

The Diners business credit card offers extensive features, meaningful rewards and tangible benefits.

Control of issued business credit cards: Diners Club assists business owners in the development of a travel and entertainment policy, through using the existing Diners blue print as a base. From there, you can proceed to set individual credit limits and disallow purchases from specific merchants. In addition, you will be able to decide what to do with the rewards points earned: you could pool all the points for business use; or you could offer the benefits of the points to your employees. The administration of the issued credit cards can be done online. You can change limits, block merchants and monitor expenses on an ongoing basis – day or night.

Simplified administration: Your Diners Club business credit card statements are recognised and approved by the ATO for GST purposes. Diners also offer a Fringe Benefits Tax Management tool. The reports you generate via this tool are ATO approved.

In addition, the Diners Club business credit card solution offers:

• No annual fee for the first year
• No credit limit
• Full internet banking capability
• Automatic rewards – 1 point per A$ spent.* The points earned double when you use your business credit card with bonus partners.
• Membership of Club Golf and Club Gourmet
• Access to airport lounges by showing your Diners business credit card
• Insurance
• Fraud protection
• Sentinel Security**

* Diners Club is currently running a limited period introductory offer of 3 points per dollar spent.

** Optional