Target and Walmart not counted as dept stores

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Jazz
 
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Target and Walmart not counted as dept stores

Postby Jazz » Mon Dec 05, 2011 7:24 pm

I have the AMEX blue cash rewards preferred which give 6% groceries, 3% gas, 3% dept stores, and 1% everything else. (very popular card in this forum I noticed)

I was planning on getting 3% rewards at target, where my wife spends thousands of dollars a year. On my first statement I noticed it was not classified as a dept store.

Thinking it was a mistake I called AMEX and they nicely said they classified it as a wholesale store and there is nothing I can do about it. Although I don't shop at Walmart she advised that it is also considered a wholesale store, so she warned me to not be surprised if I see that on my bill later.

Technically now that all the Target's near my house carry groceries we SHOULD be getting 6% back! I have told my wife to NEVER buy groceries at target so we don't lose our 6% back. Previously whenever we went to Target we would also buy some groceries there just for the convenience.

I think Target may be very disappointed to know we have heavily curbed our spending there since I found this out.


DoingHomework
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Postby DoingHomework » Tue Dec 06, 2011 1:03 pm

The bonus applies to department stores because they probably pay higher merchant fees. Target and Walmart are discount stores. They have a lower cost structure, slimmer margins, and probably pay lower merchant fees because of their higher volume.

Just because your Target sells groceries does not make it a grocery store. With Walmart some of their stores are coded as grocery stores while others are discount stores.

Don't be penny wise and pound foolish. Walmart and Target likely sell groceries for 15-20% less than a grocery store. So you are going to pay 15% more just to earn 6% cash back? That's kind of silly don't you think?

mookie
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Postby mookie » Tue Dec 06, 2011 10:43 pm

we also shop a lot at target and we have the target red card because it gets us 5% instantly off. it might not be the 6% of the amex blue cash preferred, but it's still 5% off all purchases.

julyaric720
 
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Joined: Thu Dec 15, 2011 8:47 pm
Location: CA

Postby julyaric720 » Thu Dec 15, 2011 8:48 pm

I think that's awesome. Makes me feel layered. Like some sort of epic lasagna

Money card
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Postby Money card » Fri Dec 16, 2011 11:07 pm

Walmart are not grocery stores any where in the US. even if theres a walmart that's 50% items and 50% grocerys they are still a discount
store.
grocerys would be like walbaums, A&p , pathmark , shoprite,king kullen ect .

ArupGhatak
 
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Joined: Sun Jun 28, 2015 11:39 am

Re: Target and Walmart not counted as dept stores

Postby ArupGhatak » Sun Jun 28, 2015 12:05 pm

Hi,

If you have variety of cards, you can use them as follows to get maximum cash back

1. Chase Freedom and Discover Card give you 5% cash back in gas station for selective quarters. And normally, these quarters does not overlap. So you are covered for 6 months. For the remaining 6 months, you can use either Amex Blue Cash or Amazon .Com Rewards to get 2% cash back.
2. Red Card in Target always gives you 5% discount and they adjust the 5% with the amount payable. So you get instant discount.
3. Amazon.Com Reward card gives you 5% cash back while you shop in Amazon throughout the year. Both Chase freedom and Discover Card give you 5% cash back in Amazon for selective quarters. And normally, these quarters does not overlap.
4. Chase Freedom and Discover Card give you 5% cash back in movie and restaurant for selective quarters. And normally, these quarters does not overlap.
5. Amex Blue Cash gives you 3% cash back in Walmart throughout the year, while Bank of America Cash rewards gives you 2% cash back throughout the year
6. Capital One always gives you 1.5% cash back throughout the year on every purchase
7. All other card gives you 1% cash back throughout the year on every purchase.

Hope this helps.

Whatamuji
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Re: Target and Walmart not counted as dept stores

Postby Whatamuji » Sun Jun 28, 2015 2:33 pm

Visa considers my local Walmart and Target as grocery stores. The system that each card uses (Visa, Mastercard, AMEX, Discover) decide which MCC code a store falls under.

https://www.visa.com/supplierlocator/search/index.jsp

When you search, either use Merchant Code + Zip Code or the Full exact address of the location you're looking for otherwise it will pop back as "no results found".
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k

Vermonster
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Re: Target and Walmart not counted as dept stores

Postby Vermonster » Sun Jun 28, 2015 7:58 pm

Just because Visa does, doesn't mean your bank does. Chase will explicitly say in a grocery category that Walmart and Target do not count.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

takeshi
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Re: Target and Walmart not counted as dept stores

Postby takeshi » Tue Jun 30, 2015 8:53 am

ArupGhatak wrote:If you have variety of cards, you can use them as follows to get maximum cash back

Maximizing cash back is a matter of analyzing one's spend (and other relevant criteria) -- not simply applying for a list of cards.

Whatamuji wrote:Visa considers my local Walmart and Target as grocery stores. The system that each card uses (Visa, Mastercard, AMEX, Discover) decide which MCC code a store falls under.

MCC frequently plays a part but it's not always just a matter of MCC.

Whatamuji
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Re: Target and Walmart not counted as dept stores

Postby Whatamuji » Fri Jul 03, 2015 1:10 am

Vermonster wrote:Just because Visa does, doesn't mean your bank does. Chase will explicitly say in a grocery category that Walmart and Target do not count.


Thanks for the information. I stand corrected.
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k



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