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Credit card rewards: When the wrong Merchant Category Code can be costly for cardholders

Published: September 5, 2023

Businesses are categorised by a unique number called the Merchant Category Code. This determines what rewards you get, or not. When a wrong MCC is configured in the banking system, it could land you in trouble, besides depriving you of your rewards.

Source: moneycontrol.com

Related Topics:

International Organization For StandardizationMerchant Category CodeInternational OrganizationMerchant Discount RateImpact Of Wrong MccNcorrect MccMerchant Category CodeHats MccHats MdrMerchant Discount RateEward Rates