The pre-authorization of credit card swiping hotel is not thawed in time, which is so harmful.

Many card friends who travel and stay in hotels during holidays will use the credit card pre-sale right to pay the deposit, but they forget to cancel the pre-authorization in time after settlement, which brings a lot of trouble to their credit cards. Mr. Wang from Hubei forgot to cancel the credit card pre-authorization after staying in the hotel. As a result, the credit card was invalid because the pre-authorization occupied the credit limit. Let's have a look.

What does the hotel mean by pre-authorization?

As we all know, credit card pre-authorization is a kind of prepayment method similar to deposit.

When applying for pre-authorization in the hotel, the bank will freeze part of the credit card amount according to the requirements of the merchant as a guarantee for the cardholder's consumption in the merchant, that is, a deposit.

How to cancel the pre-authorization of the hotel?

The cardholder swipes the pre-authorization in the hotel, and it is best to cancel the pre-authorization after leaving the hotel. There are generally two ways: active logout and automatic logout.

1, active cancellation means that when the cardholder leaves the hotel, the hotel makes pre-authorization settlement to pay the consumption amount through the POS machine, and the cardholder automatically cancels after swiping the card, and the unused amount is automatically returned to the cardholder's account, and the cardholder needs to repay the consumed amount.

2. Automatic cancellation means that the cardholder pays the room rate by other means after leaving the hotel, but does not apply to the merchant for cancellation of the pre-authorization, so the pre-authorization will not be revoked voluntarily, but will be automatically revoked within 30~45 days, and the frozen amount will be restored after cancellation.

It should be noted that the risk of automatic cancellation of pre-authorization is great, because during the cancellation period, some unscrupulous merchants will initiate pre-authorization settlement on their own, and they will deduct money from the frozen quota. In this case, the bank can't refuse, so repeated deduction will bring losses to itself.

The above is the introduction of "pre-authorization of credit card hotels", and I hope it will help everyone. In short, the cardholder must initiate the pre-authorization settlement in time when leaving the hotel, or cancel the pre-authorization to avoid causing economic losses to himself.