The category of purchase will be decided on the basis of the Merchant Category Code (MCC) for the merchant establishment where the purchase is made.Online-Online transaction flag provided by Merchant Acquirer.The sub categories and their respective MCCs for spend categories eligible for 5X Reward points include the following:.If the merchant acquirer does not send the flag/identifier or sends an incorrect flag/identifier, BOB Financial will not be able to identify such transactions as eligible transaction for 5X reward points benefit, resulting in awarding of only regular Reward Points (and not 5X) on such transactions. These flags/identifiers are as per rules laid out by the card networks (Visa, Mastercard, RuPay etc.). For crediting 5X Reward Points on eligible transactions, the Credit Card issuer (BOB Financial in this case) relies on the correct International/online flag or Merchant Category Code (MCC) identifier provided by the merchant acquirer (provider of the card acceptance service to the merchant).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |