5531
Auto and Home Supply Stores
MCC 5531 covers transactions related to auto and home supply stores, including parts and accessories.
Interchange Fee
Interchange fees for MCC 5531 transactions generally range from 1.5% to 3.5% depending on the card network, with variations based on in-store and online purchases.
Cashback Rewards
Cashback rewards for purchases under MCC 5531 vary by issuer. Some cards offer 1-2% cashback on auto-related expenses, while premium cards may have specific bonuses.
Rules and Restrictions
There are no special rules or restrictions imposed by payment processors for MCC 5531 transactions.
Tax Reporting
The IRS does not impose special tax reporting requirements for MCC 5531. Applicable state and local taxes for auto supplies may vary.