I took the plunge and got the Founders Card... I found a discount code in late February for $295 a year locked in rate going forward but I had to pay for the first two years up front, also the $95 initiation fee was waived... It took a few days to get my application approved at that time I logged on to the Founders Card web site and requested my Total Rewards upgrade to Diamond status... About three weeks later I logged on to the Total Rewards site and my status reflected the Diamond upgrade... One tip I have for anyone applying for the Founders Card is to have a Linked In profile that reflects you or the company you work for as being "entrepreneurial"... I still have to visit the Total Rewards desk next time I visit a TR casino to get get my actual Diamond card and will set up my $100 Diamond dinner at that time... Will post a follow-up as to how that goes!