The Learning Center
GLOSSARY TERMS
# - A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z

Interchange Rate

Interchange rates are baseline costs established by the two bankcard associations, Visa and MasterCard, on behalf of their member banks that set the foundation costs which makeup the merchant's bank card processing fees. Additional fees may be added by the merchants acquiring bank to reach a final rate called the "discount rate".


Previous Credit Card Term: Interchange Fee

Next Credit Card Term: Interchange Reimbursement Fee


Best Credit Card Reviews
1. Chase PerfectCard MasterCard
0% Intro APR | Up to 6% rebate on gas purchases | No Fee First Year.Read Review
2. Discover ® More Card
0% Intro APR | Low 9.9% everyday APR | No Annual Fee. Read Review
3. Chase TravelPlus Visa Card
0% Intro APR on balance transfers for up to 12 months | Earn 1 point for every $1 you charge | Choose from 250 airlines | No Annual Fee.Read Review
4. American Express Gold Delta SkyMiles ® Business Credit Card
Earn 10,000 Bonus SkyMiles | Earn DoubleMiles on "everyday" expenses | Easy online application. Read Review