Diners Club Club Rewards - 24 day float, not 30?

I just noticed that the float on the US card was quietly changed from 30 days to 24 days! Never got a notice and looking back at the last 12 months it seems like the switch was made sometime in 2010. I notice that my bill cycle ends around the 14th and due date is now the 10th. But I never saw any notice nor did I see any mention on FlyerTalk. Did I miss something?

Since my bills are auto paid through my bill pay service I never noticed. Is this another reason to shift to Amex?

Speculative observation: Even though Diners is marketed as a charge card, it may be implemented at the system level as a credit card with "no preset spending limit", the same as any MasterCard World or World Elite product. If this is how MasterCard and Citi arranged it, the new franchisee might find it cost effective to set the due date using the same formula as they use for other credit cards. The critical question is, what happens if payment is received after the due date, but prior to the closing date?

I just noticed that the float on the US card was quietly changed from 30 days to 24 days!
No, it did not recently change from 30 to 24 days. It recently changed from 28 days to 24 days. Or, more correctly from exactly one month (whatever the number of days in the previous month) to one month minus 4 days. If you're going to use 24 days as the example, that's only for February this year (a non-leap year), and in the previous way of doing things, it would have only been 28 days this month (given the due date the same as the closing date, and the closing date being on the same day each month). If you're going to pick a month in which it would have been 30 days, it's now 26 days in that month. And there are months where it had been 31 days, where it's now 27 days.

The 30 days as previously marketed was only an average. Recall that when it was 60 days a few years ago, they spelled out the range in the fine details (something like 59-62 or whatever). In other words, when it was theoretically 60 days, it was exactly two billing cycles. When it was cut back to theoretically 30 days (still back in the Citi period), it was exactly one billing cycle. Now, it's switched to one billing cycle minus 4 days.

Having said that, I have a Citi AA MC (which is thus obviously still with Citi), and it's now one billing cycle minus 2 days! (Due on the 7th and closes on the 9th in my case.) So it is theoretically possible to have something between exactly one billing cycle and that minus 4 days. (Whether it's possible for BOM/Harris is a separate question. A few months ago, it took them a whole two weeks to get my on-time payment out of my bank account!)

Speculative observation: Even though Diners is marketed as a charge card
Actually, isn't that a speculation in itself? Diners isn't marketed at all, right now, so we don't know if BOM/Harris plans to continue marketing it as a charge card. We only know that it was marketed as a charge card the last time it was marketed (which was by Citi).

This "space" in the card world is getting "cloudy", with Chase positioning Sapphire Preferred as a competitor to Amex MR, but I don't think that Sapphire Preferred is a charge card, is it? It's marketed as a competitor to the Membership Rewards aspect of an MR card, not to the charge card aspect of the underlying Amex itself.

Diners Club still functions as a charge card for the customer. http://dinersclubus.com still refers to it as a charge card, and the monthly statement does not offer the opportunity to pay less than the full balance.

...don't think that Sapphire Preferred is a charge card, is it?

No, but Chase Ink Bold (http://www.inkcardfromchase.com/8000012/) is a charge card which participates in Ultimate Rewards. The rewards program is unrelated to the charge vs credit card distinction. American Express and Chase both issue charge and credit cards linked to their proprietary rewards programs.

American Express and Chase both issue charge and credit cards linked to their proprietary rewards programs.
What is American Express' credit card that has full Membership Rewards? (Please don't say Blue. It does not have full Membership Rewards: You can't transfer to airline and hotel programs, the way you can with credit card Chase Sapphire Preferred. And points are half-valued compared to "real" Membership Rewards. They used to call it Membership Rewards Options, now they seem to try to confuse you by not using a separate name, but it still is not the same thing.)

Diners Club still functions as a charge card for the customer. http://dinersclubus.com still refers to it as a charge card, and the monthly statement does not offer the opportunity to pay less than the full balance.
I know all that. I was simply say it's not marketed, because they don't offer it to anyone who doesn't already have it. And everyone who already has it has it (for now) working the same as before.

I was simply saying that because there's no marketing to new users, we don't know how they would pitch it to new users? (Ie, for example, if they were planning to first make all new users get a credit card rather than a charge card, that might be a clue as to what they intended for existing charge card customers. But with absolutely zero new promotional material for Diners Clus US created since the BOM/Harris takeover yet, we can't tell how they're planning to promote it. All we can tell is what they haven't bothered to change on the web site they inherited from Citi. (It certainly doesn't feel like it's their "own" website yet, in that anything they didn't absolutely have to change they haven't changed yet.)

What is American Express' credit card that has full Membership Rewards?

http://www201.americanexpress.com/business-credit-cards/business-card-details/business-membership-rewards-card/29790

Cutting to a 24 day cycle is huge for the bank. I'm more concerned about a policy change for credit bureau reporting.

I consistently pay after the due date, but prior to the closing date, and have not been assessed any fees. YMMV

I consistently pay after the due date, but prior to the closing date, and have not been assessed any fees. YMMVI do the same with the same results.

I called DC and complained about this due date vs closing date confusion, and about the loss of Club Plus.

The rep offered to extend my due date by two days...I am not sure what that means exactly, but I will check my next statement to see if the four-day gap has been reduced to two.

I called DC and complained about this due date vs closing date confusion, and about the loss of Club Plus.

The rep offered to extend my due date by two days...I am not sure what that means exactly, but I will check my next statement to see if the four-day gap has been reduced to two.My card is marked "Professional." For at least a year my due date has been two days before my closing date, and I have always paid online by that date online. The closing date has consistently been the 9th, although in May 2011 the closing date was the 10th, althought the due date is still June 7.

When the AMEX Platinum card began waiving foreign transaction fees recently I called Diners to ask for the same but they refused. I'm going to try again tomorrow and this time call the retention desk. My AMEX due date is 4 days before closing.

Ahhhhh...another example of how that free US tax payer TARP money given out to banks worked to loose up the banking system:rolleyes: Oh wait they just tightened up the float on the consumer. The sheep are getting the royal@:-)

Ahhhhh...another example of how that free US tax payer TARP money given out to banks worked to loose up the banking system:rolleyes: Oh wait they just tightened up the float on the consumer. The sheep are getting the royal@:-)
What does the US tax payer TARP money have to do with the Bank of Montreal??? :confused:

Have you not been paying attention? Citi sold Diners Club to Bank of Montreal last year, and it's Bank of Montreal, not Citi, that changed the due date to be several days before the closing date.

Bank of Montreal did not receive TARP funds as Montreal is not in the US.