- Dec 5, 2003
New Chump said:Out of curiosity:
For me I have (due to work expenses) a weekly spend of about $2,000 on my Diners Card which I pay off via an ANZ credit card 'credit' transfer. I always make sure that an amount greater then the amount to be transfered is in the credit card a day or teo before I transfer the credit debt from the Diners cArd to the ANZ Visa so I essentially never 'owe' money to the bank.
I cannot see the benefit in you paying your Diners from your ANZ credit card, which you credit a day or two before your Diners payment date. Why don't you just pay off the Diners each month by direct debit from whatever account your are sourcing your payments to your ANZ credit card? At least you would not be losing interest from that account for the day or two that you pre-load your ANZ credit card for the sole purpose of paying your Diners.
The Diners Card is an ANZ one so credit transfers between my ANZ Diners Card are free. I personally do not like having money directly debited from my account without me controlling and monitoring it.
Also, I tend to try to pay off my ANZ Diners card ASAP to ensure that the points are credited sooner then then later.