Reply
New Contributor
Posts: 86
Registered: ‎10-29-2012
0

Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

I have a few questions about merchant coding. I've heard that Discover and AmEx are both coded differently from Visa/MC. So my questions are these:

 

1) Considering getting BCP some time next year, but we primarily shop at a Walmart for groceries, which I've heard is coded sometimes as a discount store/warehouse. The WM I go to is coded for my Visa as a Grocery Store. Can I expect the same for an AmEx? (if not, it's not worth getting the card)

2) The caterer for my wedding reception (in January) also is a restaurant. When I paid for the deposit, I paid using my Chase Amazon Visa and got the 2% back for a restaurant. Since the Discover More 5% for Q1 is for restaurants, I would obviously love to get 5% back on my catering. Since it's coded a restaurant for Visa, can I expect it to also be coded as a restaurant for Discover?

Recent FICO scores: TU - 755 (mortgage lender pull)
New Member
Posts: 3
Registered: ‎07-30-2012
0

Re: Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

1)  No.  Regardless of how the Walmart is reporting to Visa/MC, it will not report as a grocery store to amex.  You will not get the 6% from BCP there.

2)  Should be

New Contributor
Posts: 86
Registered: ‎10-29-2012
0

Re: Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

That's pretty much what I figured the answer would be for both questions, but it's good to have some confirmation. Thanks!

Recent FICO scores: TU - 755 (mortgage lender pull)
New Contributor
Posts: 70
Registered: ‎08-23-2010
0

Re: Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

[ Edited ]

In my area, we have Wal-Mart SuperCenters, but we also have Wal-Mart Neighborhood Markets. The Neighborhood Markets are just grocery stores, like a Kroger. In my case, the two store are less than a 1/2 mile apart, Does anyone know if the Neighborhood Market would be coded as grocery? If so, It would serve me well to apply.

Member
Posts: 8
Registered: ‎12-27-2007
0

Re: Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

[ Edited ]

@martinkk

 

Everytime I've used my BCP at a Wal-Mart Neighborhood Market, it lists the transaction as "Merchandise and Supplies - Groceries"


Starting Score: EQ: 567 (3-20-2011)
Current Score: EQ:709 (12-01-12)
Goal Score: EQ: 720


Take the FICO Fitness Challenge
Valued Contributor
Posts: 2,512
Registered: ‎11-11-2010
0

Re: Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

[ Edited ]

Walmart coding depends on what Walmart we are talking about.

 

For Walmart Neighborhood Market, it will code as grocery. All other Walmart code as discount store.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Regular Contributor
Posts: 127
Registered: ‎08-13-2012
0

Re: Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

[ Edited ]

trumpet-205 wrote:

Walmart coding depends on what Walmart we are talking about.

 

For Walmart Neighborhood Market, it will code as grocery. All other Walmart code as discount store.


No it won't. My walmart is a Supercenter and still counts as a grocery store.(with Visa/MC).

 

You can check your store here: http://visa.via.infonow.net/locator/usa/supplier/ListLoadAction.do

 

BOA Cash Rewards Visa Sig. 12K; BOA Travel Rewards Visa Sig 5K, US Bank Cash+ 11.5K, AMEX BCE 6200, AMEX BLUE Sky 7K, Chase Freedom Visa Sig. 5400, Fort Knox FCU Visa Platinum 2500; CAP ONE Cash Rewards WORLD MC 5K

Starting Score: 580
Current Score: 747
Goal Score: 800+


Take the FICO Fitness Challenge
Highlighted
Regular Contributor
Posts: 237
Registered: ‎06-27-2011
0

Re: Merchant Coding Questions - Visa/MC vs. Discover vs. AmEx

I believe he was talking about Amex as with Amex it codes as a discount store.


Starting: 563 | Current: 753 (Walmart TU 11/12) | Goal: 800 | Garden since: 01/15/2013

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.