Traditional Culture Encyclopedia - Hotel accommodation - What is the pre-credit limit of the credit card when renting a car?

What is the pre-credit limit of the credit card when renting a car?

To put it bluntly, it is a deposit. Because booking a car rental online in advance, you need to use a credit card for pre-authorization.

Pre-authorization refers to the behavior that the cardholder requests authorization from the card issuer in advance through the POS machine when spending and settlement are not completed at the same time in hotels, hotels or leasing companies.

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, usually in two ways: offline and online pre-authorization This business is accepted by POS machine, and the card issuing system automatically verifies the authorization, which is convenient, safe and efficient.