Currently, LendingClub Personal Loans and Purchase Finance loans qualify for cash back. LendingClub Auto Loans, revolving purchase finance loans and CleanSweep don’t qualify.
Which loans are considered personal loans for Loan Payment Cash Back?
Last Updated June 17, 2025less than a minute read
Additional Introducing LevelUp Checking FAQ
- How do I earn 2% Loan Payment Cash Back with a LevelUp Checking account?
- Where do I track my Debit Card Cash Back rewards?
- What’s an MCC?
- 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?
- How do I earn 1% Debit Card Cash Back with a LevelUp Checking account?
- Do I earn more cash back if I pay more than the amount due?
- How does Debit Card Cash Back rewards work?
- When will I see my Debit Card Cash Back rewards?
- I'm not a LendingClub member. How can I open an account?
- 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?
- What’s a Signature-Based Purchase?
- Do LevelUp Checking Rewards get deposited directly into my LevelUp Checking account?
LendingClub Resources
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Related FAQ's
You can track your rewards online. When you log in to the LendingClub app or to LendingClub’s online banking experience, navigate to the Rewards Center.
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.
This provides an example of how Loan Payment Cash Back rewards work.
Please note merchants are assigned codes on what they primarily sell. A purchase with a merchant will not earn rewards if the merchants code is not included in a reward category
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.
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.
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