Under what circumstances do credit card purchases not count?
Credit card points are something that many cardholders are very concerned about, because the points accumulated through credit card purchases are very useful, for example Redeem for goods, airline miles, etc., which is equivalent to getting money back by swiping your card. Therefore, if you happily make a large purchase but don’t get a single point, will you be confused?
In fact, banks have regulations, but we ignored them. Next, let’s take a look at the situations in which points are not awarded.
1. Low-rate/zero-rate merchant consumption
Low rate refers to the handling fee paid by the merchant to the bank when the merchant swipes the card. For example, wholesale transactions, public hospitals, public schools, government services, charities and public institutions, real estate, car purchases and other large-amount transactions are not counted in points. The reason is that the profits contributed by such transactions to the bank are very low, and the bank even It operates at a loss, and points are real rewards, so banks also have to calculate costs.
Of course, not only are there no points for low-rate/zero-rate credit cards, Industrial Bank announced some time ago that airline co-branded credit cards will no longer earn credit card points for spending at home appliances and jewelry merchants. Aviation co-branded credit cards include China Eastern Airlines co-branded credit card, Xiamen Airlines Egret co-branded credit card, China Southern Airlines Sky Pearl Credit Card, and Juneyao Airlines co-branded credit card.
Ping An Bank also reduced the categories of merchants that were originally included in points some time ago. Ping An Bank’s announcement shows that after July 1, 2018, 17 new merchant categories will be added to the original merchant categories that do not calculate points. These include industrial design, leather goods stores, home decoration stores, carpet stores, sports competition venues, event promotions, arts and crafts stores, architectural and engineering design, hardware stores, flooring, carpet stores, car washes, sports clubs, etc.
2. Overdraft/credit card fees
Credit card cash advance, credit card fees (annual fees, interest, penalty interest, handling fees, overdue handling fees, etc.) and other credit card-based fees Fees charged by the charter (late fees, over-limit fees), etc. are basically not scored.
3. Online transactions
As long as there is no clear statement that credit card points will be calculated for online transactions, points will not be calculated for online transactions. Even if a credit card is marked with points for online transactions, you should carefully check whether there are any supplementary terms that stipulate exceptions.
4. Other banks have their own regulations
The bank itself may have some self-stipulated points accumulation rules and scenarios in which points are not counted. For example, China Merchants Bank clearly stipulates that consumption transactions belonging to specific merchant categories on the official website will not participate in the accumulation of China Merchants Bank credit card points.
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Why are there no points after spending with Bank of China credit card?
For purchases that qualify for points accumulation, you can check the points accumulation status after the transaction is recorded. For detailed accumulation rules, please refer to the activity terms of BOC Points 365 website (). If the accumulation rules are met but the points are not included, you can call the customer service hotline for further consultation.
The above content is for your reference, please refer to actual business regulations.
Why are there no points for Bank of China credit cards?
Currently, Bank of China has updated the "Bank of China Points 365 Points Reward Program Rules and Terms" and announced them on the website. The terms have been It is clear that "items that are not allowed to accumulate transaction points", you can log in to the official website to check at any time.
The above content is for your reference, please refer to actual business regulations.
Why does this happen when credit cards are swiped without points?
Credit card points are a good thing. They are not only a reward from the card issuer to the holder, but also a real expense to the merchant. a recognition. However, recently some Xiaocai netizens have reported that they have swiped their cards several times, but their points have not increased. What is going on?
Xiaocai netizen Xiaoniu was about to buy a car. He paid the down payment at a 4S store with a credit card. He thought he would have a lot of points, but when he checked, there were no points. Later, Xiaoniu consulted. I know that when you buy a house or a car with a credit card, points are not counted.
What card transactions do not earn points? Xiaocai summarized it for everyone:
1. Point-free expenses stipulated by each bank themselves
In this item, the specific regulations of each bank are different. Banks often provide a list of merchants that do not count points, and holders can log on to the official website of the card-issuing bank to learn more.
2. Credit card fees
Such as annual credit card fees, interest and penalty interest, cash advance fees, overdue fees, late payment fees, over-limit fees, etc., the bank No points will be awarded when deducting this part of the fee.
In addition, credit card transfers, deposits (repayments), deductions, fee payments, cash withdrawals and other transactions are basically not scored (some banks have points for credit card cash withdrawal transactions).
3. Stored value payment transactions
Such as provident fund, tuition fees, various recharges, etc.
4. Card transactions with merchants with low or zero rates
According to industry regulations, similar to real estate, car sales, wholesale transactions, public hospitals, public schools, and government services The handling fees for card transactions at merchants such as , charities and public institutions are low or no handling fees. Then, if the holder swipes the card at such merchants, the bank will not make any money, and naturally it will not reward points.
5. Some online transactions
Most banks do not give points for credit card online transactions. However, as credit card online shopping becomes a trend, many banks provide online credit card fast payment through Alipay and other special channels. Points are awarded for credit card transactions; in addition, many banks have launched credit card products such as online shopping co-branded cards specifically for holders to spend online. Such credit card online transactions can accumulate points.
6. Points package code
The holder clearly swiped the card at a restaurant merchant with points, but the transaction receipt shows a merchant without points such as real estate or charity. type. This phenomenon is called “coding”. The merchant uses a POS machine that is inconsistent with its own industry, causing the holder to lose credit card points. If you encounter the above situation, you can provide feedback to the card-issuing bank or complain to UnionPay.
My Agricultural Bank of China credit card has no points for consumption. What’s going on?
Points may not be accumulated for the following items during the use of credit cards:
(1) Bank card annual fees, interest and liquidated damages, handling fees and other various matters in accordance with "China Fees charged by "Agricultural Bank of China Jinsui Debit Card Regulations", "Agricultural Bank of China Jinsui Credit Card Regulations" and "Agricultural Bank of China Jinsui Credit Card Usage Agreement (Personal Card)", etc.
(2) Consumption completed by bank card holders at special types of merchants, including but not limited to real estate, wholesale, sales, leasing and maintenance of various motor vehicles, aircraft and their spare parts, fuel Sales, vending machines, public institutions, government services.
Taxation, withholding and payment, charity and social welfare, medical institutions, schools, child care, agricultural services, contracting services, gardening, electrical parts and equipment, heating, cleaning, direct sales, highway tolls, Spend at merchants such as Alipay.
(3) Credit card cash advance, overdraft cash withdrawal and other transactions.
Extended information:
Consumption transactions completed with Agricultural Bank of China bank cards can accumulate personal customer points. For every RMB 5 spent with a debit card, 1 point will be accumulated. Less than 5 yuan will not be counted. Points, a single transaction can accumulate up to 300 points. Credit cards accumulate 1 point for every RMB 1 spent, 6 points for every USD 1 spent, and 8 points for every 1 Euro spent.
For purchases made by cardholders at the following designated types of merchants (subject to merchant category codes), a maximum of 300 points can be accumulated in a single transaction, and a maximum of 3,000 points can be accumulated in the same account per month.