World Elite Restaurant

World Elite Restaurant is the MasterCard Interchange Rate for a world elite rewards card credit transaction accepted at a restaurant location.

Interchange fee: 2.00% + $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.
  • Sic code is 5812 or 5814.

Did this interchange rate go up in April 2020?

No, it actually went down, from 2.20% to 2.00%.