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Lendingclub Rewards Guide

1 data point

Top Credit Card by Earning Rate at Lendingclub

Bank of AmericaCustomized Cash Rewards
3% cash back

LendingClub

USA

Online Shopping

Date

2024-09-18fromDoctor of CreditDoctor of Credit↗

Giftcard Purchased

No

Purchase Type

🌐

Online Purchase

https://www.lendingclub.com

Reward Details

Amount

Earning Rate

100 USD3% Cash Back

Rewards

3 USD

Additional Notes

Confirmed in Doctor Of Credit - https://www.doctorofcredit.com/which-online-retailers-earn-3x-with-bank-of-america-cash-rewards/#comment-1914157 - I funded LendingClub using my CCR Visa and it qualified for the higher “online” CB rateRead more

Quick Rewards Guide for Lendingclub

💡 Top Performing Card: The community-verified best credit card for Lendingclub purchases is the Bank of America Customized Cash Rewards. Transactions on this card consistently earn 3% cash back by coding in the "Online Shopping" category.

🔍 Merchant Category Coding (MCC): Lendingclub transactions most frequently code as "Online Shopping". Ensure your chosen card offers high multiplier rewards for this category to maximize your cash back or travel points.

💳 Maximize Online & App Bookings: For online or mobile app purchases at Lendingclub, checkout options like PayPal, Apple Pay, or purchasing digital gift cards can sometimes trigger alternative bonus categories (like 5% quarterly rotating categories) that outperform standard card multipliers.

Frequently Asked Questions

Q:What category does Lendingclub code as on credit cards?

Based on community data points, Lendingclub transactions primarily code under the "Online Shopping" category. However, coding can vary depending on whether the purchase is made online, through a third-party gateway, or via an app.

Q:Which credit card is best to use at Lendingclub?

The Bank of America Customized Cash Rewards is highly recommended, as it has been verified to earn 3% cash back on Lendingclub. Any card offering 3% or more cash back (or 3x points) on "Online Shopping" purchases will also deliver excellent value.

Q:Does Lendingclub code differently depending on the card network?

Yes, Visa, Mastercard, American Express, and Discover maintain separate merchant category databases. While Lendingclub usually codes as "Online Shopping" consistently, international purchases or transactions paid through digital wallets may experience slight category variations.