1. What is MCC code?
Card friends will have a POS receipt (paper POS receipt or electronic receipt) after daily consumption or artifact swiping. To understand what MCC code is, we should start with this POS receipt. The following picture shows a real POS receipt for my credit card consumption:
Now, let me explain the various elements of this POS sheet, and try to be simple and clear.
1, merchant number
POS bill of lading has a 15 merchant number, and the main components of this 15 merchant number include: (3-digit bill of lading code 834)+(4-digit area code 3930)+(4-digit MCC code 701)+(4-digit merchant code 08/kloc The core elements are MCC code, organization code and area code. Next, take the picture as an example and interpret it in turn:
The corresponding acquirer is Hyundai Financial Holdings (Chengdu) Co., Ltd. It should be noted that the acquirer shown in the real receipt is the same as the brand of the machine used by Xiaobai, so it is a clearing machine, otherwise Xiaobai may have used a second clearing machine, and the funds have security problems! (1) Bill acquirer code 834:
PS: Yiqing is a formal payment company that directly settles through the UnionPay channel, and no third party participates in the settlement, so the funds are safe;
The second kind of settlement is that the payment company first settles with XX intermediary company (unlicensed non-financial enterprise) through UnionPay channel, and then the company settles with Xiaobai. At this time, funds are at risk. What if this settlement intermediary company runs away?
Therefore, clarity is the most basic premise! Without this premise, there is no condition for funds to arrive safely, and everything is empty talk!
The corresponding credit card location is Fujian-Xiamen. It should be noted that if the area code displayed by the real evidence query is inconsistent with the location of the merchant that Xiaobai actually chooses to consume, then Xiaobai uses the garbage hand brush and randomly jumps to this area, which is basically the performance of risk control. Therefore, I want to remind the vast number of white, those chickens that have no threshold and are given free of charge can basically be thrown away, because basically people's livelihood businesses all over the country are jumping around! Xiaobai started, starting with saying goodbye to the garbage chicken in the jumping area! (2) Area code 3930:
The core concepts to be introduced in this paper, followed by (3-digit acquiring institution code) and (4-digit area code) are 4-digit MCC codes! (3)MCC code 70 1 1:
MCC code contains a wealth of information.
① Basic information of merchants: merchant category (catering and entertainment category), code name, merchant profile, old merchant rate 1.25%, new merchant rate 0.6%.
PS: What needs special explanation are these two new and old rates: the old rate is 1.25%, which is the rate before the 9.6 fee reform. This MCC code with an aging rate higher than 0.6 belongs to the category of high-quality merchants; The new rate is 0.6%, which is 0.6% of all MCC codes after the 9.6 fee reform (regardless of merchants), but the new rate of 0.6% is actually full of routine fraud, and Xiaobai often falls into a huge misunderstanding! Now I'm going to tear off the veil of this routine! Xiaobai is often fooled. POS machines with rates below 0.6% cannot be used. POS machines with rates higher than 0.6% or even+1, +2 and +3 should be used. In fact, the little whites were completely cheated!
There are only four criteria to judge whether it is a high-quality POS machine: clear and stable without code, good quality of merchants and reasonable rate!
Many people think that they can sit back and relax if they get a rate higher than 0.6%, but they have long been cheated! Because the unscrupulous agent who gave you the machine needs to earn your money! The common settlement interest rate in the market is 0.55%. Those agents lied to Xiaobai that the high-rate POS machine was safe and reliable, and made you accept high rates. The backstage artificially raised the terminal settlement rate (0.6%+), and even unscrupulous agents would give you high-rate code skipping machines!
2 points: MCC code corresponds to whether this merchant has points. For example, the following are the points of 70 1 1MCC in various banks:
2. Blacklist of merchants (China Merchants Bank | Bank of Communications | Agricultural Bank | Minsheng Tianshu ...)
The MCC code corresponds to whether each bank has points. However, in fact, whether a merchant has points depends not only on MCC code! Some banks, such as China Merchants Bank, have specially created the so-called China Merchants Bank gobbledygook, which lists a lot of blacklists of MCC quality but merchants are black households! Whether a merchant belongs to the blacklist or not should be identified and judged by entering the complete 15-digit merchant code! This is the most easily overlooked place for novice Xiaobai to play cards! Remember, it is a prerequisite for MCC to score points, and it is also a necessary condition for businesses not to be blacklisted! The following figure shows whether the merchant is in the blacklist of I query:
3. Reveal the problem of "code skipping"-the core! ! !
Not any POS machine can be called an artifact. White people will issue a small ticket (paper or electronic) after all POS card purchases. Most white people will think that this is the real receipt by inertia, but it is not! This is just a superficial consumption receipt! In reality, the MCC code of ordinary receipt is inconsistent with the MCC code of actual receipt! This is the legendary code skipping problem!
So, where can I find the real receipt?
(the APP officially launched by UnionPay), which is bound to a credit card for credit card consumption, and then you can query the real merchant code and the real MCC code of the transaction in the APP; (1) through China unionpay express APP.
Although you are actually spending money, the junk POS machine jumps you to the merchants of people's livelihood (gas station | gas fee, electricity fee, water fee | charity donation, etc.). ), which is equivalent to telling the bank that your transaction is suspicious and risky, and such merchants will encroach on the interests of the issuing bank (the payment company will get more benefits, which is the reason for the code jump). If banks don't make money, why give you more credit? Serious direct reduction card. The harm of code skipping lies in:
Think about it. White people chose a high-end luxury five-star hotel with 70 1 1MCC, and spent 1.5 million, but the gas station merchants who jumped to 554 1 spent 1.5 million. Are you filling the tank?
Second, how to make good use of MCC| diversified consumption
1, the favorite MCC type of banks.
After understanding MCC, it is more important to use MCC well. After all, the purpose of proficiency is to use! Let's use a picture to understand the favorite MCC code type of 10 bank.
Careful Xiaobai may find a problem. These three mcc appear in almost all banks. Because before the 9.6 fee reform, the mcc rate for eating, drinking and having fun was 1.25%. In other words, these types of interest rates used to be the main source of bank profits, and strangely, banks didn't like them. Although the general rates are unified after the fee reform, there are still some differences within the bank, and high-quality customers are distinguished according to the original merchant types. So remember these three types of mcc! Because this kind of mcc is owned by all banks, and generally speaking, banks have relatively weak risk control over these three types of MCC, so they can spend a lot. 58 12 catering, 701/hotel, 531/department store.
2. Make the best use of MCC-create a perfect bill
First of all, remember that the above high-quality MCC is the main consumer. Then appropriately add more entertainment items, such as bar and ballroom, golf, fitness, etc., to enrich MCC consumption. In addition, there are some consumption details to pay attention to:
1) The time for spending credit cards should also correspond to the normal business hours of the merchants.
2) The amount should also be properly matched with the corresponding merchants;
3) Consumption habits should be practical. For example, if you are an office worker, you should give more suggestions on weekend consumption.
4) The acquiring banks are diversified, and the acquiring institutions are diversified;
5) the number of consumption pens should be mostly small, followed by medium and at least large;
6) Amount 19999, 10000, 9888, 1234, etc. These figures are the key risk control objectives of banks;
7) within one day, the national code skipping consumption is equal to death;
8) Every bank has its own blacklist, which should be avoided.
9) Online payment banks naturally don't like it, so they mainly use credit cards with high interest rates. Unless you encounter special banking activities (large credit card > double exemption = mobile phone, China UnionPay, Kuaijietong > online payment).
Here is the basic knowledge of credit card bill optimization. We still have a lot of knowledge to learn if we want to get a high credit card quickly, so please continue to pay attention ~