Tocoliso
TF Select
Receive message from idfc that getting the right mcc codes from the aquirers is not their responsibility and hence inserted a clause to deny rewards at a later date.
Sharing the excerpt.
"Eligibility of transactions for rewards are dependent on acquirers providing the correct online
flag/identifier and merchant category code to the Issuer, which is laid out as per the rules
defined by the network (VISA, MasterCard etc.). If the acquirer sends an incorrect identifier/flag
or merchant category code for transactions, then Issuer will not be held liable to give accelerated
Reward Points for such transactions on Credit Card"
Sharing the excerpt.
"Eligibility of transactions for rewards are dependent on acquirers providing the correct online
flag/identifier and merchant category code to the Issuer, which is laid out as per the rules
defined by the network (VISA, MasterCard etc.). If the acquirer sends an incorrect identifier/flag
or merchant category code for transactions, then Issuer will not be held liable to give accelerated
Reward Points for such transactions on Credit Card"
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