High Value Merit III

High Value Merit III is the MasterCard Interchange Fee for a high value rewards card credit transaction. It's a rewards credit card accepted face-to-face.

Interchange fee: 2.30% + $0.10

Change History:

  • 2.20% + $0.10 October 2019

Primary Qualifications:

  • Cardholder and card present, signature obtained, single electronic authorization, read & transmit complete magnetic stripe, transaction settled within 1 day of authorization, Banknet reference number and Banknet date required in clearing transaction.
  • 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.