High Value Merit I

High Value Merit I is the MasterCard Interchange Fee for a high value rewards card credit transaction.

Interchange fee: 2.60% + $0.10

Change History:

  • 2.50% + $0.10 October 2019

Primary Qualifications:

  • Card not present at time of authorization, single electronic authorization,  transaction settled within 2 days of authorization, Banknet reference number and Banknet date required in clearing transaction. 
  • Also, non face-to-face and e-commerce transactions are exempt from the timeliness test.
  • The sixth position of the approval code must be either an "S" meaning participation in MasterCard High Value or "T" meaning participation in MasterCard High Value and MasterCard Product Graduation.