Understanding MCC Codes – Chase Ink Bold

ink boldBy far, my most popular post is the one about Understanding MCC Codes. Day in and day out, it consistently generates the most traffic.

So, I thought I’d build on its popularity by posting, one by one, on the specific benefits of the various cards I have. It’s a bit tricky since credit card companies tend to offer the most detailed information during the signup/application phase; not once you’ve actually been approved for the card. But we tend to keep the documentation (if we keep it at all) once we’ve been approved. (Hint: keep all the documentation.)

Here’s the info I found regarding the Chase Ink Bold card. (Unlike the Bank of America application I got in the mail, the Chase Ink Bold application does not mention the specific MCC codes, but it’s still helpful.):

“You will earn 1 point for each $1 of net purchases. You will earn an additional 4 points for each $1 of net purchases made in any of the following categories: internet, cable, and phone services (excluding equipment purchases); office supply stores. You will earn an additional 1 point for each $1 of net purchases in any of the following categories: gas stations; hotel accommodations – when purchased directly with the hotel. Merchants who accept Visa/MasterCard credit cards are assigned a merchant code based on the kinds of products and services they sell. Chase groups similar merchant codes into categories for purposes of making rewards offers to you. Chase makes every effort to include all relevant merchant codes in its listed categories. However, even though a merchant or the items that it sells may appear to fit within a listed category, the merchant may not have a merchant code that falls within that category. Therefore, purchases with that merchant will not qualify for the stated rewards offer on category purchases. You will also earn an additional 1 point for each $1 of airfare and hotel accommodation net purchases when you book at chase.com/ultimaterewards bookings. You do not earn points on cash-like charges such as travelers checks, foreign currency, and money orders, overdraft advances, unauthorized or fraudulent charges, or fees of any kind. Maximum point accumulation on net purchases earning an additional 4 points on category purchases is 200,000 points Annually, which equates to $50,000 in net purchases. Maximum point accumulation on net purchases earning an additional 1 point on category purchases is 50,000 points Annually, which equates to $50,000 in net purchases. (“Annually” means the year beginning with your enrollment date through the first statement after the anniversary of your enrollment date, and each twelve billing cycles thereafter.) There is no maximum number of points that can be earned on net purchases earning 1 base point, or the additional 1 point on chase.com/ultimaterewards bookings. Bonus/Promotional offers may have a maximum accumulation. A service fee of up to $20 per ticket may be charged for the use of our toll-free number to book or change airline itineraries. Redemptions made online do not have a service fee. See Rewards Program Rules and Regulations which will be mailed after your account is established.”

 

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