How to cancel the pre-authorization of credit card

I. Cancellation method of credit card pre-authorization of CITIC Bank:

1. Cancel directly when the merchant checks out; Effective immediately.

2. Fax Cancellation: If the pre-authorization transaction cannot be cancelled at the merchant side, the merchant can fax the information to CITIC (fax number: 0755-25832630) within 30 days of the pre-authorization transaction. Fax materials include information such as pre-authorization amount, authorization number and transaction date, and must be stamped with the legal and effective financial official seal of the merchant, and the processing time is 3-5 working days.

3. Automatic cancellation: the merchant has not handled the transaction, and the time limit for automatic cancellation is generally 30 days. ?

2. Pre-authorization of credit card means that before the cardholder consumes, the merchant freezes some funds, and after the cardholder signs, the merchant can formally deduct this part of funds.

Extended data:

Benefits of pre-authorization:

You can try to avoid the phenomenon of running orders. If the guest leaves the hotel without checking out after completing the pre-authorization, the hotel can apply to UnionPay for completing the pre-authorization, and provide the guest consumption documents and pre-authorization documents. So UnionPay can transfer money from the traveler's card to the hotel account.

China citic bank-credit card service

Baidu encyclopedia-credit card pre-authorization