An MCC, or Merchant Category Code, is a four-digit number assigned by payment processors like MasterCard and Visa to classify a business based on the type of goods or services it provides. Happen Bank uses MCCs to determine how to categorize transactions for reward purposes. A specific merchant or some of the items sold by the merchant may appear to fall within an Eligible Category; however, the merchant's overall MCC may not fall within the Eligible Category, causing the transactions to not be eligible. Qualified purchase determinations are based on the MCC that Happen Bank receives in connection with a particular transaction.
What’s an MCC?
Last Updated June 17, 2025less than a minute read
Additional Introducing LevelUp Checking FAQ
- Which loans are considered personal loans for Loan Payment Cash Back?
- How do Loan Payment Rewards work?
- What MCC codes are eligible for Debit Card Rewards?
- When will I see my Debit Card rewards?
- Where do I track my Debit Card rewards?
- How do I earn 2% Loan Payment Cash Back with a LevelUp Checking account?
- I'm not a Happen Bank member. How can I open an account?
- How do Debit Card Cash Back rewards work?
- How do I earn 2% Loan Payment Cash Back with my LevelUp Checking account?
- How do I earn 1% Debit Card Cash Back with a LevelUp Checking account?
- Do I earn more cash back if I pay more than the amount due?
- Do I earn any cash back if I pay part of my monthly payment amount?
- Is there a limit to how much you can earn through our Debit Card Cash Back program each year?
- Do LevelUp Checking Rewards get deposited directly into my LevelUp Checking account?
Happen Bank Resources
Related Articles
Borrowing $1,500 is often harder – and more expensive per dollar – than borrowing $15,000. Many banks don't offer small personal loans, and the products that fill the gap can cost several times more. Happen Bank personal loans start at $1,000 with APRs from 6.53% to 35.99%.1 Check your rate in seconds with no impact to your credit score.2,4
"Bad credit" is a range, not a verdict. A borrower with a credit score of 620 has meaningfully different options than one with a credit score of 520 – and a personal loan from a bank can still be an option for many borrowers in the fair credit range (580–669). Before you decide anything, check your rate in seconds with no impact to your credit score.1,4 If you're not yet in the qualifying range, credit monitoring tools can help you track the progress that matters most.
A personal loan typically has a fixed APR, fixed term, and fixed monthly payment. The application, verification, and funding increasingly happen digitally – without branch visits or paper forms.
The best personal loan rate in 2026 isn't the one with the lowest advertised interest rate: it's the one with the lowest APR, which includes additional finance charges.
Your car won't start on a Monday morning. The repair estimate is $1,400, and your next paycheck isn't until Friday. The question isn't whether you need money fast – it's which option gets it to you at the most efficient cost.
Related Impact
Today, we are thrilled to announce the completion of our acquisition of Radius Bancorp, Inc. (“Radius”). In February 2020, we announced our intent to acquire Radius and shared how we can grow and deepen our customer relationships with a marketplace bank.
Related FAQ's
To get 1% cash back on qualified purchases, follow these requirements
Currently, Happen Bank Personal Loans and Purchase Finance loans qualify for cash back. Happen Bank Auto Loans, Home Improvement Loans, revolving purchase finance loans and CleanSweep don’t qualify.
LevelUp Checking is available to members only. To become a member, simply open a LevelUp Savings account, Happen Bank CD or a Happen Bank loan.
Yes, any amounts earned from Debit Card Cash Back and/or Loan Payment Cash Back will be posted directly to your LevelUp Checking account in the following month.
There’s no limit on LevelUp Checking Rewards you can earn, so long as all qualification requirements are met.
Related Glossary
{noun} A type of credit that allows the borrower to make charges and payments against a set borrowing limit, paying interest only on outstanding balances.
{noun} The amount of unpaid interest that has accumulated as of a specific date, either on a loan or an interest-bearing account or investment.
{noun} The total annual cost to borrow money, including fees, expressed as a percentage.
A debt that is written off as a loss because the financial institution or creditor believes it is no longer collectible due to a substantial period of nonpayment.
{noun} An interest rate that remains the same for a set time, usually for the life of the loan.
