Bonus Category Processing: Merchants are assigned a merchant category code (MCC) based on the merchant’s primary line of business. We do not determine which MCC a merchant chooses to classify itself. Not all merchants accept all credit cards. Rewards Redemption: Redeem cash rewards for statement...
This article will concentrate on credit card merchant code 6012. We’ll explain the significance of this code, identify which types of businesses fall under this category, and discuss its impact on transactions and merchant fees. What Is Merchant Code 6012? Merchant Category Code (MCC) 6012 is...
Even if a travel purchase on your statement appears to fit in a Travel Purchase category, the merchant may not have a merchant category code (MCC) in a Travel Purchase category. Merchants and payment processors are assigned an MCC based on their typical products and services. Discover Card ...
How your purchases are categorized Merchants are assigned a merchant category code (MCC) based on the type of products or services they primarily sell. We group similar MCCs into grocery store, wholesale club, and choice categories to help you earn cash back on purchases made at specific merchan...
Transaction limits for RuPay Credit Card on UPI will be as per existing UPI transaction limits. UPI Limit- 1 lakh per day and 2 lakh for some special Insurance MCC codes i.e 5960, 6300 & 6529, however it will be limited to the available credit limit on your card. ...
Card issuers (Visa, Mastercard, and American Express) assign every retailer a merchant category code (MCC). When a credit card offers an accelerated earn rate on certain categories, the MCCs would be coded, so you get that rate. In the past, categories were straightforward to understand, but...
MCC based on their typical products and services. Discover Card does not assign MCCs to merchants. Certain third-party payment accounts and digital wallet transactions may not earn 2% if the technology does not provide sufficient transaction details or a qualifying MCC. Learn more atDiscover.com/...
Code (MCC) and purchases made at discount/retail stores or online retailers may not qualify. A purchase will not earn additional cash back if the merchant's selected code is in a category that is not eligible for additional cash back earning. We do not determine the category codes that ...
For the avoidance of doubt, Qualifying Transactions on overseas dining are dining spends charged to the Beyond Card made at dining establishments outside of Singapore classified under the Merchant Category Codes (“MCC”) of:a. Caterers (5811); b. Restaurants and eating places (5812); c. Pubs...
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