What is a Merchant Code in Credit Card Terms and Conditions

Author: Bluedawg68
Posted: Sat Aug 12, 2006 10:16 am
Post subject: Merchant code?

Hi Folks,
I read in the "terms and conditions" section for the Discover Platinum Gas Card something about the merchant code has to be 5541 or 5542. What is this? And how do I know the merchant is using this code?

Thanks in advance.

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Author: multiplierx
Posted: Sat Aug 12, 2006 11:05 pm
Post subject: What is a Merchant Code in Credit Card Terms and Conditions

That code designates the type of purchase. This is sometimes a problem if the merchant isn't using the correct code. You could end up not getting the rewards. You could try asking the merchant, or just do a test transaction and see how it processes.

Here some info on merchant codes;

http://www.irs.gov/irb/2004-31_IRB/ar17.html
_________________
Total interest paid on cards = 0.00
Amount of cash/rewards in past year = $550
Utilization - less than 1%

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Author: Board Monitor
Posted: Sun Aug 13, 2006 9:14 am
Post subject: What is a Merchant Code in Credit Card Terms and Conditions

I would think that most employees have no clue about merchant codes. Managers might, though. I think it's best just to try and see as multiplierx states.
_________________
Regards,
Curtis Arnold
Board Monitor
http://www.CardRatings.com
20K+ Credit Card Reviews

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