How to guarantee overseas credit card

Apply with your ID card and use real estate as guarantee.

Credit cards have become a way of consumption for many people. When applying for a credit card, someone often needs to provide a guarantee to ensure that the credit card user can repay the loan on time, and there is no need to worry about the long-term default of the credit card user. So, what are the credit card guarantee methods? Listen to the specific opinions given by Tingting.com. What are the credit card guarantee methods? Credit card guarantee means that during the credit card application process, according to the requirements of the card issuer, a third party signs a guarantee contract with the card issuer to guarantee the applicant's debt to the card issuer arising from the use of the credit card as a cardholder. However, in recent years, another new form of credit card guarantee has become popular. This occurs in the consumption process of credit cards. A typical example is hotel reservations. The booker uses the credit amount on the card to guarantee his reservation. Credit card guarantee is a reservation method, not payment. Only when the tourist fails to check in normally, the corresponding room fee will be deducted from the guaranteed credit card. Visitors still need to pay the room fee at the front desk to check in when they arrive at the hotel. The hotel accepts payment with another credit card or cash. If you pay with the same credit card, please make sure you have sufficient credit limit, because there is a handling fee for choosing to use frozen funds as actual payment, which is 1% for domestic credit cards and 5% for foreign credit cards. Generally, reservations for five categories of hotels require credit card guarantee:

(1) Hotels in Hong Kong and Macau; (2) Hotels in core business districts and tourist areas of some mainland central cities;

(3) Hotels during peak tourist season;

(4) Hotels around exhibition periods, such as the Canton Fair, China Fair, China Food and Drinks Fair, etc.;

(5) Arrival time for hotel reservations If the hotel exceeds the time specified by the hotel, such as the guest arriving late, it exceeds the latest reservation time (usually 18:00). What is the process for credit card guarantee? After you submit the credit card guarantee order, your credit card information will be reviewed to see if it is true and valid. If approved, part of your credit card will be frozen