An MCC (Merchant Category Code) is a four-digit number used to classify a business based on the type of goods or services it provides. An MCC is used to determine how transactions are categorized. They're assigned by merchants based on the types of products and services they primarily sell. MCCs are not assigned by LendingClub. A merchant, or some of the items sold by a merchant, may seem to fall within an Eligible Category; however, the MCC may not fall into the Eligible Category. Qualified Purchase determinations are based on the MCC that LendingClub receives in connection with a particular transaction.
What’s an MCC?
Last Updated June 17, 2025less than a minute read
Additional Introducing LevelUp Checking FAQ
- How do I earn 1% Debit Card Cash Back with a LevelUp Checking account?
- How do Debit Card Cash Back rewards work?
- How do I earn 2% Loan Payment Cash Back with a LevelUp Checking account?
- Where do I track my Debit Card Cash Back rewards?
- Which loans are considered personal loans for Loan Payment Cash Back?
- How do Loan Payment Cash Back rewards work?
- What MCC codes are eligible for Cash Back rewards?
- How do I earn 2% Loan Payment Cash Back with my LevelUp Checking account?
- Do I earn more cash back if I pay more than the amount due?
- When will I see my Debit Card Cash Back rewards?
- Do I earn any cash back if I pay part of my monthly payment amount?
- Is there a limit to how much you can earn through our Debit Card Cash Back program each year?
- Do LevelUp Checking Rewards get deposited directly into my LevelUp Checking account?
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Related FAQ's
To get 1% cash back on qualified purchases, follow these requirements
Yes, any amounts earned from Debit Card Cash Back and/or Loan Payment Cash Back will be posted directly to your LevelUp Checking account in the following month.
You have a LevelUp Checking account. In January, you received a Direct Deposit into your LevelUp Checking account and you spent $200 at gas stations, $560 at grocery stores and $40 at pharmacy for a total of $800 for the month.
Qualifying Direct Deposits are defined as Recurring Automated Clearing House (ACH) credits, including payroll, pension, or government payments (such as Social Security) made by your employer or an outside agency.
There’s no limit on LevelUp Checking Rewards you can earn, so long as all qualification requirements are met.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
