With credit card pre-authorization, you don't have to pay a "deposit" to stay in a hotel.

Book hotels, air tickets and car rentals with credit cards, and someone will definitely use credit cards to "pre-authorize". Pre-authorization is more convenient, but attention should be paid to some details when using it to avoid unnecessary losses.

What is the "pre-authorization" of credit cards? Pre-authorization is similar to "deposit". Credit card pre-authorization refers to the transaction that the card issuer or its agent confirms that the license is frozen before the deduction of the special merchant.

Simply put, pre-authorization is a prepayment method similar to "deposit". When a consumer uses a credit card to book a hotel, air ticket or car rental, the bank will freeze part of the credit card as a "deposit" at the request of the merchant. At the final real settlement, the merchant will deduct the actual consumption amount from the pre-authorized amount. Therefore, the credit line occupied by pre-authorization is generally higher than the actual consumption amount.

Using credit card pre-authorization can solve the urgent need of consumers with little cash on hand and reduce cash transactions.

At the same time, merchants can also avoid the phenomenon that customers leave the hotel without paying the bill. If the guest leaves the hotel, the hotel can apply to the bank for pre-authorization and the guest's consumption and pre-authorization documents, and the bank can transfer the money on the guest card to the hotel account.

After knowing what credit card "pre-authorization" is, I'll tell you what to pay attention to when using credit card pre-authorization.

Pre-authorization will be included in the credit line. As mentioned earlier, the pre-authorization limit occupies the credit card limit, which is higher than the actual consumption amount, but generally cannot exceed the upper limit of the available card limit. Once the credit card pre-authorization is confirmed, the corresponding funds in the card will be "frozen" and can not be used until the customer settles the pre-authorization.

In some cases, the credit limit frozen by pre-authorization is not equal to the amount displayed when actually swiping the card. Some banks will freeze the overdraft limit of 15% on the basis of actual pre-authorization.

Therefore, it is suggested that cardholders should know whether the pre-authorization transaction amount meets their credit card limit before using the pre-authorization, and it is best to make full preparations and financial arrangements to avoid the dilemma of insufficient limit.

Check the receipt printed by POS machine carefully. When pre-authorizing, carefully check the receipt printed by pos machine. If it is pre-authorization, it will be clearly marked in the column of transaction type, and then signed after confirmation. If not, negotiate with the merchant to modify the transaction type.

In addition, the cardholder must open the credit card SMS notification function to keep abreast of the consumption situation. In the process of use, if there is any problem, contact the issuing bank in time.