Key Takeaway
MCC 6537 designates Mastercard MoneySend and Quasi-Cash Transactions. When funded by credit card, most issuing banks treat MCC 6537 as a Cash Advance, triggering immediate interest accrual (25%+ APR) and a 3% to 5% cash advance fee with zero rewards.
- Mastercard network code for MoneySend funding transactions and person-to-person money transfers
- High cash advance risk: Treated as non-purchase quasi-cash by Chase, Citi, and Capital One
- Zero grace period: Cash advances incur interest starting the date the transaction settles
What is MCC 6537?
MCC 6537 is defined in the Mastercard Rules as MoneySend Funding Transactions. It is the primary network classification used when transferring money into digital wallets, P2P services, or card-to-card remittance platforms.
The Cash Advance Danger
Funding an MCC 6537 transfer using a credit card carries severe financial penalties:
- Cash Advance Fee: Typically $10 or 5% of the transaction amount, whichever is greater.
- Immediate Interest: Cash advances have no grace period; interest accrues immediately at 25.99% – 29.99% APR.
- Zero Rewards: No points, miles, or cash back are awarded on quasi-cash transactions.
Rule of thumb: Always fund MoneySend transfers with a debit card or direct bank account transfer.