When can the hotel refund the advance payment by credit card?

The advance payment of the store's credit card can be cancelled at any time, and the refund will be received three to five days after cancellation.

Take the hotel "pre-authorization" as an example. When a cardholder makes a hotel reservation, especially an overseas hotel, if he makes a reservation through an overseas service website that provides hotel reservation service, sometimes the agent website does not require the subscriber to pay in advance, but sometimes it also requires the consumer to pay a sum of money in advance with a credit card.

If a sum of money is paid in advance, that is, when the agent website requires the credit card to pay in advance, the cardholder's transaction at this time is a pre-authorization transaction. If the pre-authorization amount required by the hotel is the room rate, the hotel will often conduct a "pre-authorization completed" transaction when the customer checks out, and deduct the actual consumption amount from the pre-authorization amount. At this time, the amount of credit card is really paid to the hotel, and the hotel will really receive this part of the money at this time.

Precautions for expanding information:

Pre-authorized occupation of credit line

Although pre-authorization is not equal to actual payment, pre-authorization still occupies the credit limit of credit card just like actual consumption. Generally speaking, the pre-authorization amount cannot exceed the upper limit of the available amount of the card.

Once the pre-authorization is confirmed, the corresponding funds in the card will be frozen and the credit line will be reduced accordingly. This amount will be "frozen" in a short time before the actual consumption amount is deducted at the checkout or the merchant cancels the pre-sale right. When the customer settles the pre-authorization, the pre-authorization will be cancelled.

Note 2:

Pay attention to the fund arrangement after pre-authorization.

Sometimes the credit limit frozen by pre-authorization is not equal to the amount displayed when actually swiping the card, and some banks will freeze the overdraft limit of 15% on the basis of actual pre-authorization. Therefore, for cardholders who rely on credit card consumption, special attention should be paid to the corresponding fund arrangement and preparation after pre-authorization, so as to avoid the dilemma of insufficient credit line when making other consumption.

Baidu encyclopedia-pre-authorization