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In April 2008, Discover Card and Citibank announced that Discover would purchase the Diners Club Network from Citi for $165 million. In May 2008, the U.S. approved the transaction. Discover stated that the Diners Club network, which is a major network outside North America will be merged with the Discover Network which is a major network in North America, creating an international network for Discover Cards and Diners Club cards. Diners Club cards will continue to be issued by Diners Club International licensees, including Citibank. Discover Bank has no plans on issuing Diners Club branded cards. Discover purchased the network, but not the licensees issuing the cards. The deal was completed on July 1, 2008.Acquisition by Discover Card
I had a Diners Club card years ago and in many ways it was my favorite card. I used to rent a car by the month (for about a year) and the charge went onto my DC. It was also great for international travel. Unfortunately, it bit the dust along with almost all of the rest of my round 1 CC's.