Credit Cards Center Credit cards from our partners
Reply
New Contributor
Posts: 107
Registered: ‎12-23-2012
0

Very Good News For US Bank Cash + card members from April 2013

Many of members of Cash + were sad about US bank bill pay going away from 1 st April 2013.

 

There is a silver lining to those changes.

 

Here is what you do to know from your online account to find out  how the changes can will help you more than what you expected.

 

1) Select "Download Transaction Data" from left hand menu. You can download last 3 months of credit card data.

 

2) Select Excel option and open the excel file.

 

3) Look at column titled "Memo". The last four digits in this field is MCC- Merchant category code which decides whether your merchant is 5% cash back or not.

 

4) All the transactions which had MCC of any of 4812, 4814 or 4899 will continue to be eligible for 5% cash back from 1st Apr 2013 under cell phone category.

 

5) When I checked my transactions and find that Dish Network, Comcast, AT&T internet will all continue to qualify for 5% category under New category - Cell Phone.

 

Bottom line is Cell phone category is a must for most of us to be continued.

 

Please share your data for which additional merchants you find under above 3 categories from 1 Apr 2013

Established Contributor
Posts: 911
Registered: ‎12-25-2010
0

Re: Very Good News For US Bank Cash + card members from April 2013

Yea, I'm still bummed about my elec, gas and water bills, car note, etc. These things added up very quickly. But alas, beggars cant be choosers I guess..


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
New Contributor
Posts: 107
Registered: ‎12-23-2012
0

Re: Very Good News For US Bank Cash + card members from April 2013

I agree. We lost bill pay big time.  Lost home and car insurance as well in addition to utilities

 

However, we were expecting cell phones only but it is good to know that  internet and satellite TV bill will be covered as well from 1 April 2013.

 

Which part of the half glass you look at matters in such case.

Established Contributor
Posts: 734
Registered: ‎02-01-2012
0

Re: Very Good News For US Bank Cash + card members from April 2013

Still bummed. I have the Chase Ink for that stuff/

 

Electric, gas, water, insurance?? Gone. Big money for me. :-(

 

Start (Sept 2011): low-mid 600s. NOW: TU FICO: 801, EQ FICO 808, EX FICO 798 (PSECU). Goal: Achieved! Now Maintain!
Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Very Good News For US Bank Cash + card members from April 2013


nishant1 wrote:

Many of members of Cash + were sad about US bank bill pay going away from 1 st April 2013.

 

There is a silver lining to those changes.

 

Here is what you do to know from your online account to find out  how the changes can will help you more than what you expected.

 

1) Select "Download Transaction Data" from left hand menu. You can download last 3 months of credit card data.

 

2) Select Excel option and open the excel file.

 

3) Look at column titled "Memo". The last four digits in this field is MCC- Merchant category code which decides whether your merchant is 5% cash back or not.

 

4) All the transactions which had MCC of any of 4812, 4814 or 4899 will continue to be eligible for 5% cash back from 1st Apr 2013 under cell phone category.

 

5) When I checked my transactions and find that Dish Network, Comcast, AT&T internet will all continue to qualify for 5% category under New category - Cell Phone.

 

Bottom line is Cell phone category is a must for most of us to be continued.

 

Please share your data for which additional merchants you find under above 3 categories from 1 Apr 2013


That is better news.  Where did you find out the which MCCs will be covered?  From a rep?  Couldn't see it on the site.

Member
Posts: 7
Registered: ‎04-23-2009
0

Re: Very Good News For US Bank Cash + card members from April 2013

It doesn't answer the question of which MCC codes fall into which Cash+ category, but here's the list of MCC codes:

 

http://usa.visa.com/download/corporate/resources/mcc_booklet.pdf

Recent scores: TU FICO 802; EQ FICO 812; EX PLUS (FAKO) 815

CLs: Amex Blue 20.3K | Amex Costco TE 20K | Chase Slate 19.8K | Chase Slate 16.5K | USBank Cash+ Sig 17K | Sears 5.6K | Discover More 6.5K
Established Contributor
Posts: 599
Registered: ‎03-10-2012
0

Re: Very Good News For US Bank Cash + card members from April 2013

how did you find out some internet/TV utilities might qualigy also-i'd understand if they called the category "telecommunications" but they said straight up cell phones. I can see if they fall under 4812 and 4814, but how are you certain 4899 will qualify too?

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Valued Contributor
Posts: 1,673
Registered: ‎11-11-2012
0

Re: Very Good News For US Bank Cash + card members from April 2013

OP, didn't see a response!   How did you find this out?  Need to know if the info is good...

New Member
Posts: 4
Registered: ‎11-21-2012
0

Re: Very Good News For US Bank Cash + card members from April 2013

I sent U.S. Bank an email requesting clarification and received this response:

 

We received your inquiry regarding which merchant category codes cell phone companies fall under. Unfortunately, U.S. Bank does not have the ability to control how a merchant chooses to classify their business and therefore reserves the right to determine which purchases qualify for allowance. Currently, the MCC/SIC codes are the following for Cell Phones: 4812, 4814, 4899. Transactions that are classified outside of these codes will not receive a 5% cash back bonus, however they will still receive 1% cash back.

American Express Costco TrueEarnings ($15k)
Barclays Priceline Visa Signature ($10k)
Capital One Cash Rewards World Mastercard ($10k)
Chase Freedom Visa Signature ($15k)
Citi Forward Visa ($8k)
US Bank Cash+ Visa Signature ($15k)
Regular Contributor
Posts: 157
Registered: ‎03-05-2012
0

Re: Very Good News For US Bank Cash + card members from April 2013

When I downloaded my transactions - Direct TV, Comcast  and Verizon Internet /home phone were under 4899. Verizon Wireless was 4814. That is good news if that continues as I wasn't expecting Direct TV to be included with cell phones. Although 1 peculiar thing showed up - my Jan transaction for Verizon Wireless showed up as 4899 - but in Feb it showed up as 4814 - so hopefully they don't mess with the merchant codes.

 

FICO: EQ 769, TU 762 , EX ???

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

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 internal myFICO analysis of 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. These ranges were not provided by any card issuer.

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.