High Value Petroleum

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

Interchange fee: 2.00% + $0.00

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.  Sic code is 5541 or 5542.
  • 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.
  • $0.95 Cap