Turn your Diners Clubs points into flights by transferring them to your Velocity frequent flyer account.
Diners Club charge cards provide a way to pay for goods and services with no preset spending limits and the benefit of premium perks and a generous rewards program. One of the many advantages of this rewards program is the ability to trade your Diners Club Rewards points for Velocity points.
This guide looks at the Diners Club cards you can use to transfer points to the Velocity program, how to transfer points and what you need to consider before applying for a Diners Club charge card.
Velocity Rewards Credit Card
The American Express Velocity Platinum Card helps you earn Velocity Points on your everyday purchases. Earn 7,500 bonus Velocity points if you spend in the first 3 months. Plus $0 annual fee with a low interest rate of 0% p.a. for 12 months on balance transfers.
- $0 p.a. annual fee
- 20.74% p.a. on purchases
- 0% p.a. for 12 months with 1% balance transfer fee on balance transfers
- Up to 44 days interest free
- Minimum Income Requirement of $40,000 p.a.
What Diners Club cards are linked to the Velocity program?
You can transfer your Diners Club Rewards points to the Velocity frequent flyer program using these personal and business charge cards.
- Diners Club Card. A charge card that rewards you with 1 Diners Club Rewards point per dollar spent. Plus, you can earn a bonus 4 points per $1 spent when you make purchases at Diners Club Rewards bonus partners.
- Diners Club Card and World MasterCard. A dual card account that comes with a Diners Club card and a World MasterCard. This account rewards you with up to 3 Diners Club Rewards points for every $1 spent using the Diners Club charge card and 1.25 Diners Club points for every $1 spent using the MasterCard. You’ll also earn up to 6 points per $1 with bonus partners.
- Diners Club Card. This charge card for businesses offers 1 Diners Club point per $1 spent. Note that there are no bonus partners for Diners Club business cardholders.
- Diners Club Card and World MasterCard. This dual card account offers 1 point per $1 for spending with the Diners Club charge card and 0.5 points per $1 spent with the World MasterCard.
All of these cards have a transfer rate of 1.5 Diners Club Rewards points per 1 Velocity point. So if you had earned 15,000 Diners Club Rewards points, you’d receive 10,000 Velocity points.
How to transfer Diners Club Rewards points to Velocity
You can arrange to transfer your points between programs by logging on to your online Diners Rewards account and following the steps below.
- Select the Velocity frequent flyer program from the list of airline transfer partners.
- Enter the number of points you would like to transfer across.
- Confirm the transfer and accept the terms and conditions.
You can also request a transfer by calling Diners Club and providing the relevant details over the phone.
What limits apply when transferring Diners Club Rewards points to my Velocity account?
Before you transfer your Diners Club Rewards points to your Velocity account, make sure you’re across the following terms and conditions.
- Transfer rate. 1.5 Diners Club Rewards points = 1 Velocity point.
- Minimum transfer. You must transfer a minimum of 7,500 Diners Club Rewards points per transfer.
- Diners Club card. You must have a card currently enrolled in Diners Club Rewards.
- Velocity membership. You must have a current Velocity membership.
- Account details. Your Diners Club Rewards and Velocity account details must match (for example, you must have the same name for both accounts).
Velocity Rewards Credit Cards Comparison
Rates last updated October 26th, 2016.
- Virgin Australia Velocity High Flyer Card - 30k Bonus Points offer
Balance transfer offer has been extended until 31 October 2016.
September 26th, 2016
- NAB Velocity Rewards Card
15k bonus points + 0% p.a. for 15 months on purchases and balance transfers valid until 22 Jan 2017.
October 3rd, 2016
- NAB Velocity Rewards Premium Card
25,000 bonus points, purchases and balance transfers offers have been extended until 22 Jan 2017.
October 3rd, 2016
Other factors to consider
If you want to use a Diners Club card to boost your Velocity point balance, make sure you consider the following factors:
- Card acceptance. For dual accounts, the World MasterCard can be used in more places than the Diners Club charge card, but earns fewer points per $1 than the Diners Club charge card. For example, with the personal dual card account, you earn 3 points per $1 spent with the personal Diners Club card, and 1.25 points per $1 spent with the MasterCard. This would work out to be 1.5 Velocity points per $1 and 0.83 Velocity points per $1 respectively.
- Diners Club surcharges. Many businesses apply a higher surcharge for accepting Diners Club cards, which could be as much as 4% of the total transaction cost. Make sure these surcharges don’t outweigh the benefits you get from your rewards.
- Account structure. Diners Club charge cards work differently to credit cards. You’re required to pay back the entire balance of your charge card account every month by the statement due date and penalties apply if you don’t. If you want the flexibility of carrying a balance, a credit card that’s linked to the Velocity program may be a better option.
- Annual fee. Diners Club cards usually have an annual fee ranging from $135 to $389 for personal accounts and $95 o $249 for business accounts. Make sure you consider whether or not the benefits of a Diners Club card would outweigh this cost before you apply for one.
- Other account fees. Some Diners Club card account holders are required to pay an additional fee to be a part of Diners Club Rewards. The rewards program fee is included in the annual fee for World MasterCard accounts. Again, make sure this fee doesn’t contradict the value of your rewards.
- Complimentary extras. Diners Club cardholders can access the Citibank Dining Program to receive a free bottle of award-winning wine at selected Australian restaurants. You’ll just need to use your Diners Club card to pay for the meal. These accounts also feature complimentary insurance policies such as international travel insurance and purchase cover. Other travel benefits include free airport lounge access at over 500 international airport and member lounges.
The Diners Club Rewards program offers a range of competitive benefits, including high earn rates on the Diners Club charge cards. While the ability to transfer your points to a Velocity account could be handy, there are other frequent flyer credit cards that offer more competitive points per $1. Make sure you compare a range of options to find a product that suits your needs and maximises your rewards before you apply.Back to top