HSBC Singapore app now displays transaction MCCs
HSBC Singapore has updated its mobile banking app to allow users to view Merchant Category Codes (MCCs) for completed transactions. This feature helps cardholders verify if their spending qualifies for bonus points, a process previously obscured by most banks.
Why it matters
Transparency in MCCs is highly valued by credit card users who optimize spending to maximize rewards, making this a significant user-experience improvement.
HSBC Singapore has just made a quiet update to its banking app, which allows cardholders to check Merchant Category Codes (MCCs) for completed transactions.
This is a crucial piece of information, since MCCs are often used to determine whether bonus points are awarded, or whether any points are earned at all. And yet, most banks tend to obfuscate it, forcing customers to resort to third-party tools or unofficial workarounds.
HSBC cardholders can now check the MCCs of completed transactions via the HSBC Singapore app.
To do this, log in to the app, tap on your card, scroll down to Latest Transactions and tap on any completed transaction. If required, you can match the MCC with the document here to get the full description.
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