Credit card companies track spending based on the type of retailer where a card is used — though they do not track the individual items that are purchased. Each purchase is tagged with what’s called a merchant category code, with the master list set by an international standards body. Some categories are fairly broad, such as those for grocery stores and airlines, while others are quite specific. There are unique codes for tent and awning shops, wig and toupee stores — even separate categories for antique shops, secondhand stores and pawn shops.
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