What does bank card pre-charge mean?

I don't know if you have this experience. When you check in at the front desk of the hotel, you pay the room deposit by credit card instead of cash. This can avoid a lot of trouble in using cash, and the processing time is convenient and fast.

Recently, a friend has just set up a credit card, and he doesn't know much about the settlement method of credit card pre-authorized deposits, so there is a lot of confusion. Today, let's take a look at the pre-authorization settlement function of credit cards to help you solve this confusion.

What is credit card pre-authorization? Can you cancel it?

What is pre-authorization?

Pre-authorization business refers to the business of freezing part of the funds in the cardholder's bank card as deposits, and then settling according to the actual consumption amount. Specifically, when the cardholder spends money in a merchant, the cashier of the merchant applies to the card issuer for authorization according to the cardholder's demand and the estimated consumption amount. The card issuer will reply according to the customer's account, and the approved application will temporarily freeze the credit limit (credit card) or deposit amount (debit card) in the cardholder's bank card as a deposit. Generally speaking, the frozen amount cannot exceed 1 15% of the pre-authorized transaction amount. After the cardholder's consumption is officially completed, the merchant requires the card issuer to conduct formal liquidation according to the actual consumption amount. Pre-authorization business is widely used in hotel credit card consumption, and there are usually two ways: offline pre-authorization and online pre-authorization

Influence of pre-authorization

Pre-authorization will occupy the credit limit of credit card. Although it is not the actual consumption, the merchant has frozen the credit limit of the cardholder when executing the pre-authorization, and the actual available funds of the credit card will be reduced accordingly. For example, if a credit card with a credit line of 20,000 yuan is pre-authorized by a 1000 yuan, the actual available credit line will become 19000 yuan.

After the pre-authorization is cancelled, the limit will be restored and the frozen amount in the card will be returned to the account in time. So when you need pre-authorization, try to carry a large amount or more credit cards. If there is not enough money after swiping the card, the credit card will be invalid. The pre-authorization can be lifted as long as the merchant confirms and operates, and the cardholder does not need to perform other complicated operations.

Matters needing attention in using pre-authorization

When using the pre-authorization function, cardholders should pay attention to whether the amount authorized by merchants is consistent with the amount required for deposit. In addition, check the receipt carefully to see if it is pre-authorized. Some unprofessional service personnel tend to confuse pre-authorization with consumption, so they must check carefully when signing for confirmation. If you have any questions, you should report them to the merchants in time.

At the end of the deposit period, the merchant should be required to cancel the pre-authorization and check the account status in time. Because the hotel is probably the place where pre-authorization is used the most, it must be followed up in time, otherwise it will be difficult to find a solution from the merchant once there is a problem. Moreover, after the merchant cancels the pre-authorization, remember to ask for the receipt and keep it properly, because if the pre-authorization is not cancelled in time, the merchant can directly withdraw the frozen money, and the bank will rarely refuse to pay for this behavior authorized by me.

To sum up, pre-authorization is actually a very convenient way to pay the deposit. It eliminates the insecurity of carrying cash, and the authorization and cancellation operations are simple, which is very beneficial to "cashless".

Related questions and answers: What is the "pre-authorization" of credit cards? I believe everyone has heard of credit cards, and many people use them, but what is credit card authorization? How to use credit card authorization? It is estimated that there is a state that most people are very confused. Therefore, today, Bian Xiao, the online lending platform of Shanghui Institute, tells you the related contents of credit card authorization through the following contents, and shares some matters needing attention in credit card authorization.

First of all, before you know how to use credit card authorization, you must clearly know the definition of credit card authorization. So, what is credit card authorization? In fact, credit card pre-authorization refers to the transaction in which the card issuer or its agent confirms the permitted frozen amount before the deduction by the special merchant. In a more popular way, it is to deduct a part from the credit card limit as a "deposit".

Credit card pre-authorization will occupy the credit limit of the card, which is generally higher than the actual consumption amount. For example, if the room rate is 1000 yuan, the merchant may deduct the credit card pre-authorization limit 1 150 yuan. Therefore, consumers must first control the amount. If the credit card amount is low, they can appropriately allocate a certain amount of cash.

Know what is credit card pre-authorization, how to use credit card authorization, and what precautions should credit card pre-authorization know? Come and look down with Bian Xiao.

1, carefully check the bill printed by the POS machine.

When swiping a card for pre-authorization, you should carefully check the receipt issued by the POS machine. If the card is pre-authorized, it will be clearly marked in the column of transaction type, and then signed after confirmation.

2. Turn on the SMS notification function

Bian Xiao suggested that cardholders must open the credit card SMS notification function, so that you can know your consumption at any time and be clear at a glance. In the process of use, if there is any problem, contact the issuing bank in time.

3. Take the initiative to confirm after the credit card transaction is completed.

After the check-out and rent withdrawal procedures are completed, the cardholder should also consciously ask or confirm the relevant merchants to immediately revoke the pre-authorization, restore the quota, and eliminate possible risks and losses.

4. Revocation should be timely, and vouchers should be kept.

If you intend to cancel the reservation, you should ask the hotel or agency to go through the pre-authorization cancellation procedures within the prescribed time limit, and ask for the cancellation number as the cancellation certificate. Because after using pre-authorization, if it is not cancelled in time, merchants can directly draw the money away, and banks generally will not refuse to pay.

5. Never do "pre-authorization" in untrusted businesses. This is probably just a cover for merchants to ask cardholders to spend first and then not refund for various reasons. Most of these businesses do not have the function of "pre-authorization" at all.

At this point, the relevant contents and precautions about credit card authorization have come to an end for the time being. In short, whether it is for credit card or credit card consumption, the precautions compiled by the online lending platform of the above exchanges are quite beneficial.