High Value Convenience Purchases

High Value Convenience Purchases is the MasterCard Interchange Fee for a high value rewards card type credit transaction convenience purchase.

Primary Qualifications:

• Cardholder and card present at the time of the transaction 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.
• Transactions taken by Fast Food Convenience Stores Motion Picture Theaters and Taxi Cab Services.
• 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.