topic Re: Diners Club MC in Credit Cards

Diners Club MC

Anonymous — Sun, 04 Oct 2015 23:23:45 GMT

What's the big deal about Diners Club cards? I don't see it often on these forums. just wondering what's special about it.

Re: Diners Club MC

lhcole77 — Sun, 04 Oct 2015 23:27:30 GMT

Hidden TL, generous CLs, low-ish APR

No longer available for new applications

Re: Diners Club MC

Anonymous — Sun, 04 Oct 2015 23:29:22 GMT

@lhcole77 wrote:
Hidden TL, generous CLs, low-ish APR

No longer available for new applications

Thanks.

How come they no longer accept applications?

Re: Diners Club MC

lhcole77 — Sun, 04 Oct 2015 23:30:16 GMT

I think we broke their computers last year

Re: Diners Club MC

baller4life — Sun, 04 Oct 2015 23:32:17 GMT

Yup Myfico effect! Happens quite a bit.

Re: Diners Club MC

taxi818 — Sun, 04 Oct 2015 23:59:58 GMT

@Anonymous wrote:
@lhcole77 wrote:
Hidden TL, generous CLs, low-ish APR

No longer available for new applications
Thanks.

How come they no longer accept applications?

Once fico members heard about 20-30k limits. some even 40k limits. the rush was on. Every one with 800 scores jumped in first to get theirs. Then the 700s scores that is . jumped in. Finally upper 600s got in on the party. By that time. They were overwhelmed with applications. since the card was not around in many years. Word spread fast. Being hidden. means no reporting on your credit report. No effect to your utilization. they even made the entire limit available in cash if you wanted it. But since have changed it. Im so glad i got in on it. It was a year ago. Im hoping it comes back so it can get the other card they offer. They have the premier and the elite.. I really want that elite. Note. it was also a sole Tu puller as well. which at fico is mostly everyone's best score.

Re: Diners Club MC

mitchblue — Mon, 05 Oct 2015 00:29:36 GMT

@taxi818 wrote:
@Anonymous wrote:
@lhcole77 wrote:
Hidden TL, generous CLs, low-ish APR

No longer available for new applications
Thanks.

How come they no longer accept applications?
Once fico members heard about 20-30k limits. some even 40k limits. the rush was on. Every one with 800 scores jumped in first to get theirs. Then the 700s scores that is . jumped in. Finally upper 600s got in on the party. By that time. They were overwhelmed with applications. since the card was not around in many years. Word spread fast. Being hidden. means no reporting on your credit report. No effect to your utilization. they even made the entire limit available in cash if you wanted it. But since have changed it. Im so glad i got in on it. It was a year ago. Im hoping it comes back so it can get the other card they offer. They have the premier and the elite.. I really want that elite. Note. it was also a sole Tu puller as well. which at fico is mostly everyone's best score.

Surprised I missed this.. I would have liked to get in on that.

Re: Diners Club MC

Anonymous — Mon, 05 Oct 2015 02:07:13 GMT

@baller4life wrote:
Yup Myfico effect! Happens quite a bit.

Yes it does! You have to jump on an opportunity, if it fits your needs, when the iron is hot.

Re: Diners Club MC

FinStar — Mon, 05 Oct 2015 02:14:43 GMT

@lhcole77 wrote:
Hidden TL, generous CLs, low-ish APR

No longer available for new applications

Exactly. Not too mention transfer to travel/hotel partners, lounge access, no FTFs, etc.

However, the BMO/Diners Club train has departed long ago (doubtful it will return for a long, long time - if at all). So, for those of us who were able to get in with one or both of their cards was a great opportunity.

Re: Diners Club MC

Anonymous — Mon, 05 Oct 2015 03:22:56 GMT

I'm hijacking my own thread.

Does anyone know why Diners Club has a mastercard when I thought it was on the discover network (diners club logo on the back of discover cards)?

Re: Diners Club MC

Anonymous — Mon, 05 Oct 2015 03:27:53 GMT

@Anonymous wrote:
I'm hijacking my own thread.

Does anyone know why Diners Club has a mastercard when I thought it was on the discover network (diners club logo on the back of discover cards)?

I dunno? But this is interesting:

https://en.wikipedia.org/wiki/Diners_Club_International#Carte_Blanche

That is the charge card version.

Re: Diners Club MC

NRB525 — Mon, 05 Oct 2015 04:52:00 GMT

Apparently in 2004 Diners Club gave up on fighting for payment network share in the North American market and had all the cards converted to MasterCard payment network.

https://en.wikipedia.org/wiki/Diners_Club_International

Re: Diners Club MC

CreditScholar — Mon, 05 Oct 2015 05:40:43 GMT

@Anonymous wrote:
@lhcole77 wrote:
Hidden TL, generous CLs, low-ish APR

No longer available for new applications
Thanks.

How come they no longer accept applications?

From what I understand there was major abuse of the elite cards 3x categories via MS. This was a contributing factor as well. Many people who were doing MS had their accounts shut down.

Re: Diners Club MC

taxi818 — Mon, 05 Oct 2015 07:33:21 GMT

First you need to understand diners club. There are two desperate divisions. The one discover purchased was diners club international. So they could have international recognition. In most countries they still have regular diners club international networks. Which is a 14 digit card starting with a 3 like Amex. With that network you can use your discover. There was also diners club North America. Which citi purchased in 2004. After the American branch went belly up. Discover did not purchase citi sold it to bmo Harris. Which is the sole issuer of cards. They use MasterCard as network. But the card is true diners club. Discover has access to the original network only to process transactions. But they can't issue cards. So they have sticker in back of card telling you that you can use the network. So it's simple. Like a Macy's Amex. Uses Amex network. But can't issue a real Amex. Same with discover and diners club and bmo Harris. Hope you understand now. Bmo Harris card is only one on MasterCard network to be more accepted. The regular diners network is rarely accepted. Even abroad. Just go to the website s f you will see over 80 countries issuing their own diners on the 14 digit card network. Looks just like bmo Harris card.

Re: Diners Club MC

drboxing — Thu, 12 Nov 2015 01:48:18 GMT

Does the Diners Club Card have to be paid in full every month like AMEX?

Re: Diners Club MC

FinStar — Thu, 12 Nov 2015 01:56:58 GMT

@drboxing wrote:
Does the Diners Club Card have to be paid in full every month like AMEX?

The consumer versions (Elite & Premier) that were offered last year, no. Both are revolving products. However, they are no longer available. Previous Diners Club cards inherited from Citi (i.e. Professional) were offered in both revolving and charge card versions with the latter requiring PIF just like AmEx charge cards.

Re: Diners Club MC

taxi818 — Thu, 12 Nov 2015 02:26:33 GMT

Actually saw to professional versions this week. Of course with the MasterCard logo. Company corporate cards of course.

Re: Diners Club MC

taxi818 — Thu, 12 Nov 2015 02:26:47 GMT

Meant to say two. Not to.

Re: Diners Club MC

UncleB — Thu, 12 Nov 2015 03:05:52 GMT

I had a Diner's Club card back in the late 90s (with the shorter account number that started with a '3'), and it was novel but cumbersome to use. It was accepted at travel related merchants (including gas stations), anchor stores at the mall, and restaurants (not fast food). Other than those categories, with a few exceptions you were pretty much out of luck. More than once I was told the card wasn't accepted even at merchants that had signage that stated it was. With a little persistence the cashier/server would eventually just swipe it (and it worked) but it became a hassle - I've never been one to appreciate having to "train" cashiers to do their job.

The card was PIF like Amex, but instead of being net-30, there was an option built in to let you go net-60 with no penalty. If I recall correctly the AF was $100+, and I already had Amex so it was a bit of overkill. My card was issued by Citibank, and they sent me a 'Pre-Approval' for the account (I didn't seek it out). Back then my attitude was 'the more the merrier' when it came to credit... looking back, it was foolish to pay an AF to have an additional PIF card when I already had an Amex, but of course hindsight is always 20/20.

The 'new' Diner's Club is quite a bit better (being MasterCard) and it being unavailable to most people only adds to the mystique. Also, since it's a true chip/PIN card it can be especially useful for folks that travel overseas often. Like others here have mentioned, the trade line is now hidden (it wasn't on the account I had) and anecdotally the credit lines given by BMO Harris tend to be quite generous, although this may have more to do with the credit profile of the applicants.

If it is made available again, many folks will app for it merely for the novelty, and there's nothing wrong with that (I was once that way as well). My focus now is in value, and for me there's no reason to pay an AF when I have plenty of no annual fee cards with sufficient credit lines, and I don't travel so the lounge access and chip/PIN isn't important at this time (again, to me). For the right person, though, it would be a nice card.

Re: Diners Club MC

taxi818 — Thu, 12 Nov 2015 05:09:50 GMT

Well this time last year. The card was a hot cake. They could not keep up with the number of apps taken. It was incredible. I got in with a tu 693. 5k limit. Thin file. So I was ecstatic.