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We are all familiar and have used Visa, MasterCard or Amex but most of us do not pay attention to Diners Club credit cards exists in India.
It is difficult to compare them as each has its own unique features and it depends on what you are looking for from a credit card and where you plan to use it.
Apart from that, there are also differences in how these businesses operate.
Visa & Mastercard are networks that process the payments and charge a fee for that where banks pay them for their global network coverage with thousands of ATM’s and merchant terminals
They are not a bank with a physical presence and they do not have the money that you hold on the credit/debit card, neither liable for any dispute.
They operate as the ones who are responsible for processing the payment for the banks and merchants and when it comes to Diners Club Credit cards are issued by Diners Club themselves and process the payments on their own network.
They are known for being better at dispute handling and becomes easy for them to save you from any legit issue with merchants.
You will find that Diners charges higher transaction fees to the merchants because its their primary source of income.
Diners also affiliated with banks to issue co-branded cards which aim to increase its number of cards that are available in the market.
Diners Club also has better offers as compared to others when it is used at restaurants and hotels across the globe.
Visa, Mastercard has the biggest network in the world and Diners stands nowhere near to it when it comes to global reach.
You must keep in mind that if you hold Amex or Diners card, you need to have a Visa or Mastercard as Diners Cards are accepted only in big cities and major locations.
Diners cards are known for giving cashback offers and rewards points because they charge higher transaction fee to merchants which in turn given back to regular customers.
Diners has hundreds of affiliated lounges across the world with t he higher end cards like that gives you unlimited access to these lounges worldwide.
You will find others that are known for charging high annual fees and giving back equivalent or more amount of reward points and welcome bonus. Most visa/MC cards don’t have welcome bonus, except the top variants.
The thing to keep in mind is the strong buyer protection that almost always favors the customer when there is a dispute. While Visa/Mastercard don’t have that level of buyer protection.
Only it serves as a status symbol because its generally given to HNI customers in India with income in that range.
We are all familiar and have used Visa, MasterCard or Amex but most of us do not pay attention to Diners Club credit cards exists in India.
It is difficult to compare them as each has its own unique features and it depends on what you are looking for from a credit card and where you plan to use it.
Apart from that, there are also differences in how these businesses operate.
Visa & Mastercard are networks that process the payments and charge a fee for that where banks pay them for their global network coverage with thousands of ATM’s and merchant terminals
They are not a bank with a physical presence and they do not have the money that you hold on the credit/debit card, neither liable for any dispute.
They operate as the ones who are responsible for processing the payment for the banks and merchants and when it comes to Diners Club Credit cards are issued by Diners Club themselves and process the payments on their own network.
They are known for being better at dispute handling and becomes easy for them to save you from any legit issue with merchants.
You will find that Diners charges higher transaction fees to the merchants because its their primary source of income.
Diners also affiliated with banks to issue co-branded cards which aim to increase its number of cards that are available in the market.
Diners Club also has better offers as compared to others when it is used at restaurants and hotels across the globe.
Visa, Mastercard has the biggest network in the world and Diners stands nowhere near to it when it comes to global reach.
You must keep in mind that if you hold Amex or Diners card, you need to have a Visa or Mastercard as Diners Cards are accepted only in big cities and major locations.
Diners cards are known for giving cashback offers and rewards points because they charge higher transaction fee to merchants which in turn given back to regular customers.
Diners has hundreds of affiliated lounges across the world with t he higher end cards like that gives you unlimited access to these lounges worldwide.
You will find others that are known for charging high annual fees and giving back equivalent or more amount of reward points and welcome bonus. Most visa/MC cards don’t have welcome bonus, except the top variants.
The thing to keep in mind is the strong buyer protection that almost always favors the customer when there is a dispute. While Visa/Mastercard don’t have that level of buyer protection.
Only it serves as a status symbol because its generally given to HNI customers in India with income in that range.
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