What does Bank of China Credit Card mcc5541 mean?
MCC is the merchant code registered by merchants through UnionPay channels. Different numbers represent different merchant categories.
The above content is for your reference, please refer to actual business regulations.
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A must-read for raising your quota | Use more MCCs like these! MCC, the POS merchant favored by major credit cards!
When swiping a credit card to withdraw cash, the merchant category MCC in the swipe is a very important part, because the credit card withdrawal amount below 50,000 is basically reviewed by the system, and the system has a scoring standard. The MCC you consume This is the most important part, and some MCCs are very popular with banks and are very helpful in increasing your balance. Generally, these MCC banks will also give points.
China Merchants Bank: 7011 (accommodation services) 5812 (catering) 5813 (café, drink shop, bar) 7911 (song and dance hall KTV) 5311 (department store) 5541 (small amount at gas station can enrich the bill) And note: Merchants do not like wholesale merchants
China Construction Bank: 5813 (cafe, beverage shop, bar) 7011 (accommodation service) large amount 7298 beauty SPA 5311 department store
China Everbright Bank: 5813 (cafe, drink shop and bar) 7011 (accommodation service) large amount 7298 beauty spa 5311 department store
Agricultural Bank of China: 5813 (cafe, drink shop and bar) 7011 (accommodation service) large amount 7298 beauty spa 5311 department store
Industrial and Commercial Bank of China: 011 (accommodation services) 5812 (catering) 5813 (cafe, drink shop, bar) 7911 (song and dance hall KTV) 5311 (department store) 5541 (small amount at gas station can enrich the bill)
Bank of China: 5011 (accommodation services) 5812 (catering) 5813 (cafe, drink shop, bar) 7911 (song and dance hall KTV) 5311 (department store) 5541 (small amount at gas station can enrich the bill) And note: Merchants do not like wholesale merchants
Industrial Bank: 5813 (cafe, beverage shop, bar) 7011 (accommodation service) large amount 7298 beauty SPA 5311 department store
Guangfa Bank: 5813 (cafe, drink shop, bar) 7011 (accommodation service) large amount 7298 beauty spa 5311 department store 4722 (travel agency)
Ping An Bank: 5813 (cafe, drink shop, bar) 7011 (accommodation service) large amount 7298 Beauty SPA 5311 Department store 4722 (travel agency)
Pudong Development Bank: 4511 Airlines have points Catering category: 5812581358145815 Entertainment category: 7012703378417911 Department store category: 5311 Business and hotel category: 350135033504
Of course the above is I pay frequently, but the bills still need to be diversified, and occasionally include some other consumer industries, such as golf, fitness, billiards, clubs, bowling, etc.
1. Depending on the industry the POS machine is in, avoid transactions during non-normal business hours; don’t do it too early: try not to swipe your card before 9 a.m., because according to common sense, most stores are not open yet.
2. Don’t be too late: Do not swipe your card after 10 pm, because according to common sense, most shops are closed.
3. Do not swipe integers: Do not swipe integers such as 10,000 or 50,000. Try to bring a ten number with each swipe of the card, such as 18,850, etc. to avoid special amounts, such as 9,820, 10,500, etc.; and swipe the card Don’t repeat the amount, and don’t have a pattern.
4. Try not to use 0-rate public welfare machines: because the bank has no money to make money and lose money.
5. Do not swipe the same card more than 3 times in a day: too many swipes can easily arouse suspicion.
6. Don’t spend the entire amount in one stroke: If the amount is tens of thousands, try to spend it in several strokes or over several days.
7. Don’t make a one-time payment and then withdraw it again: Especially if you pay it back on the repayment date and then withdraw it again and again, this is a taboo.
Which digits on the credit card slip are the MCC codes?
The 8th, 9th, 10th, and 11th digits on the credit card slip are the MCC codes.
The merchant category code (referred to as MCC, MCC code) consists of a four-digit code.
Merchant coding format (merchant number format), the bank card acquiring management method stipulates that the merchant number is 15 digits: institution code (3 digits) + area code (4 digits) + merchant type (4 digits) +Merchant serial number (4 digits).
The merchant category code set by the acquirer for the special merchant must be consistent with the merchant's main business.
Extended information:
Setting steps
1. Determine the industry category to which the special merchant belongs
Retail, accommodation, catering and leisure Entertainment industry, real estate and finance industry, resident services and commercial services, wholesale industry, education, health, welfare and other government services
2. Determine the nature and type of goods or services provided by the merchant's main business
Determine the type and nature of the merchant's business based on the merchant's actual main business, which should be included in the merchant's business license. The business scope of the merchant listed in the merchant's business license must not be arbitrarily selected, especially the business type with the lowest discount rate, to determine the merchant category code; instead, the merchant's main business should be used as the basis for determining the merchant category code.
3. Confirm that the selected merchant category code best describes the business scope and nature of the merchant
If a merchant does not have a suitable matching code among the listed category codes, The acquirer can set the corresponding universal code for the merchant. For example: large home appliance repair, sports equipment repair, and musical instrument repair services that it cannot accurately describe;
The acquiring agency can set the industry's general code 7699 - various repair shops and related services, with a discount rate of 0.78% ; Cannot be applied to 5722 large home appliances specialty category, discount rate is 0.38%.
Baidu Encyclopedia-MCC Code
Before increasing the credit limit, you must understand the relevant knowledge of credit card (credit card) MCC code
Nowadays, almost everyone has a credit card ( Credit card), credit card (credit card) have become more and more important tools for our consumption. So, how do we use these credit cards (credit cards)? Are banks all "philanthropists"? As long as you apply, the bank will grant you a loan of 10,000 to 20,000 yuan for you to use? When talking about credit cards (credit cards), POS is indispensable, and when swiping credit cards (credit cards), it is indispensable. Let's talk about the relationship between credit cards (credit cards) and POS.
1. What is MCC?
Merchant category code (referred to as MCC, MCC code) consists of a four-digit code. Set up by the acquirer for contracted merchants, it is used to indicate the UnionPay card transaction environment, the main business scope and industry affiliation of the merchant. It is the main basis for judging the settlement fee standards of merchants in domestic inter-bank transactions; it is also used to conduct UnionPay card transaction industry analysis and The report is one of the important basic data for UnionPay card business risk management and control.
It is estimated that non-payment professionals don’t know this. Maybe they didn't care so much, just swiped and used their credit card (debit card). Until one day, he inexplicably received a text message from the bank to block the card or reduce the balance, and he was dumbfounded.
2. MCC code query
The merchant number is 15 digits: organization code (3 digits) + area code (4 digits) + merchant type (4 digits) (red line part) + Merchant serial number (4 digits), the merchant type is: MCC code. The picture below shows the purchase form after consumption with a credit card (debit card). Digits 8-11: 5812 is the MCC code.
3. What is the use of MCC?
In fact, the most fundamental role of MCC is not to use differential pricing, but to identify real merchant industries and application scenarios in order to In risk control, statistical analysis, etc. Specifically, in addition to pricing, MCC mainly has the following functions:
Risk control - different industries have different risks. For example, there are definitely differences between department stores and snack bars, and MCC has therefore become a transaction risk. It is an important element of control and is also the basis for the implementation of national risk policies. For example, some card issuing banks pay close attention to credit card (debit card) transactions of wholesale merchants, and even impose upper limit controls on single transactions for designated types of wholesale merchants.
my country's foreign exchange management department also divides domestic and foreign currency card overseas consumption transactions into three categories according to MCC: complete prohibition (such as 7995-gambling), amount restriction (for example, a single transaction in some MCCs cannot exceed US$5,000) and complete liberalization.
Statistical analysis - used to analyze customer consumption behavior or institutional transaction characteristics. Through the transaction trends under different MCCs, we can analyze the operating conditions of different industries and even predict the industry prosperity index. For a specific customer, we can also more accurately understand customer consumption habits and promptly identify potential risky transactions such as fraud and counterfeiting.
Marketing promotion - In the era of big data, based on the analysis of different transaction characteristics of customers, targeted push can be run for customers, such as pushing renovation information to customers who have just purchased real estate, and pushing decoration information to customers in maternity hospitals. Consumer groups push information on maternal and infant products, etc.
Basics of points and cash back - my country currently follows MCC differential pricing, and countries such as the United States also implement differential pricing for eight major categories of industries. Card issuers will implement different points for cardholders due to differences in MCC rates. , cash back policy. Therefore, whether the MCC is filled out accurately is related to the vital interests of each consumer.
Interpretation:
The standard category is all MCCs not specifically mentioned in the three categories: preferential category, exemption category, and special category.
The discount category mainly includes supermarkets, large warehouse supermarkets, water, electricity and gas payments, refueling, and transportation ticket sales.
The exemption category mainly includes non-profit medical institutions, non-profit educational institutions, non-profit charities and social welfare institutions.
Special categories mainly include credit card (credit card) repayments.
Now, we have a general understanding of the MCC code. The MCC code is an important factor for credit card (debit card) issuers to measure whether you have points for your purchase.
Finally, let me analyze the 25+3+1 card maintenance method:
25 transactions (single consumption of 100 to 500 yuan) small amount
3 transactions (A single transaction shall not exceed 30% of the limit) Medium amount
1 transaction (A single transaction shall not exceed 60% of the limit) Large amount
1. 25 small amount credit card transactions (loans) Card), this does not necessarily have to be 25 transactions. The 25 transactions mentioned here are enough. We have always said that for an intensive care card, the monthly consumption should be more than 20 transactions, and for a general care card, the monthly consumption should be more than 10. If it is an intensive card, For small amounts, more than 20 transactions per month are enough.
2. Three medium-sized purchases should not exceed 30% of the card limit. For example, if you have a limit of 10,000, you will generally spend 10%-30% of the limit, that is, you can spend 1K-3K. , you can respond flexibly according to your own situation.
3. For a large purchase, from the perspective of risk control, each time you swipe a credit card (debit card), it should not exceed 60% of the total amount of the card, such as 10,000 yuan, and the maximum swipe is 6,000 yuan. If you swipe too much, it will damage the card. For this large amount of consumption, you can control it to 30%-60% of the card limit, but not more than 60%. You can do it flexibly.
4. Small-amount consumption is generally operated from Monday to Friday, and medium-amount and large-amount consumption are generally operated on Saturdays, Sundays or travel.
How to arrange the specific consumption time and amount? We provide a credit card (debit card) plan based on ordinary office workers, which you can use as a reference.
The credit card (credit card) swiping time is divided into four time periods: morning, noon, afternoon, and evening.
Morning: 6:00 to 10:00; Noon: 11:00 to 3:00; Afternoon: 4:00 to 7:00; Evening: 7:00 to 10:00.
The specific method is as follows:
a. In the morning: mainly buy breakfast, mainly in supermarkets, convenience stores, bakeries, and non-staple food stores, the amount: between 10 yuan and 100 yuan between.
b. Noon: Lunch, main meal: restaurant or restaurant, convenience store, bakery, etc. 100 yuan to 2,000 yuan.
c. Afternoon: Dinner, main meal: hotel or western restaurant, etc. 100 yuan to 2,000.
d. Evening: Shopping, daily entertainment: department stores, supermarkets, fitness, bars, beauty salons, bowling, KTV, cinemas, etc. 100 yuan to 5,000 yuan.
e. We will make separate arrangements for Saturdays and Sundays. The principle we adhere to is to use high-end merchants and simulate real consumption by using credit cards (debit cards). Saturdays and days are the rest time for many people, so medium-amount consumption and large-amount consumption Consumption can be spent on these two days. Usually from Monday to Friday, just pay small amounts.
This ends the introduction about credit card mcc and credit card mcc not supported. Have you found the information you need?