Business: Charge It, Please

Unlike other mortals, the 42,000 members of the Diners' Club need never pay he waiter when they wind up a spirited evening on the town. They simply sign the check, get billed once a month. Last month the club, run by Frank McNamara, a 35-year-old credit specialist, handled the checks for more than $500,000 worth of members' restaurant and hotel bills from 330 U.S. establishments. Last week, as the Diners' Club got ready to celebrate its first birthday, it enlarged its service. Club members, who can already charge food, drink, rented cars and hotel rooms, can now put flowers on the...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!