Chip Lupo, Credit Card Writer
The Upgrade Triple Cash Rewards Visa® card categories for bonus rewards are home, health, and auto. Purchases that fall into the Upgrade Triple Cash Rewards Visa® bonus categories get cardholders extra rewards compared to the card’s base earning rate. The Upgrade Triple Cash Rewards Visa gives rewards for these purchases as you pay them off, rather than when you purchase them.
Whether a purchase falls into a card’s bonus categories depends on “Merchant Category Codes,” which are assigned by the major credit card networks to merchants based on what kind of business they conduct. So if a merchant has the MCC for “Home,” for example, purchases made at that merchant will earn bonus rewards on cards that include “Home” as a bonus category.
When choosing a rewards credit card, it’s a good idea to pick a card that offers the opportunity to earn bonus rewards in your most frequent purchase categories. So if you spend a lot in the categories offered on the Upgrade Triple Cash Rewards Visa® card, it may be a good card for you.
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