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So let's take this hypothetical situation: I can still get 3% cashback if I went to say McDonalds, but their merchant code is considered "groceries"?..
Well yes, if that was the case - as FinStar noted, the card issuers use the merchant codes to determine the rewards you get/kind of place it is.
That being said, I'll put $5 on McDonald's being 100% classified as "Fast Food/Restaurants"
@longtime_lurker wrote:Well yes, if that was the case - as FinStar noted, the card issuers use the merchant codes to determine the rewards you get/kind of place it is.
That being said, I'll put $5 on McDonald's being 100% classified as "Fast Food/Restaurants"
Whew....At first I thought I would only get cashback at those stores that they have listed.... I feel a little better now knowing I can use it at places as long as those places use the correct merchant codes
Nope, you'll get at least 1% back on everything with the BCE.
@longtime_lurker wrote:Nope, you'll get at least 1% back on everything with the BCE.
Woops. I meant to say the 2% and 3% categories, but that's still true.
Completely agree with everything that's been said so far. It has to do with how the vender is coded.
kroger should qualify, discount chains like wal-mart won't.
the easiest way to find out for sure is to just buy something (even just a bag of chips), and wait for the transaction to clear. After it does Amex's website will clearly tell you how it was coded.
@megaman1 wrote:Does anyone have a COMPLETE list of what qualifies under each of the categories? Thanks.
https://www.americanexpress.com/us/content/rewards-info/retail.html
@megaman1 wrote:
@longtime_lurker wrote:Well yes, if that was the case - as FinStar noted, the card issuers use the merchant codes to determine the rewards you get/kind of place it is.
That being said, I'll put $5 on McDonald's being 100% classified as "Fast Food/Restaurants"
Whew....At first I thought I would only get cashback at those stores that they have listed.... I feel a little better now knowing I can use it at places as long as those places use the correct merchant codes
The exception is the "select department stores" where you will only get the 2% (BCE)/3%(BCP) at the stores on that list, i.e. it doesn't just depend on being coded as department store.