There are two different miscuts to PSA:
1) The card isn't cut into a true rectangle from the factory. That describes this card, and PSA could return it in your Cardsaver and not charge you the grading fee.
2) The card has part of another card on it. This would get you the (MC) qualifier, and dock you two grades in the set registry.
I have had a bunch of T121 Sweet Caporal World War I scenes returned ungraded by PSA as factory miscuts.
Here is an example:
PSA would likely return this ungraded as miscut.
Since they don't charge you, that doesn't preclude you from sending it in multiple times to try and get a number grade.