Credit card pre-authorization

The so-called pre-authorization refers to the transaction in which the card issuer or its agent confirms the permitted frozen amount before the cardholder pays. In other words, pre-authorization refers to the transaction that the card issuing department needs to make a future payment commitment to the merchant when the customer consumes, because the consumption amount is uncertain. The pre-authorized transaction amount will be frozen, and it is not allowed to participate in other transactions before the pre-authorized settlement of the corresponding transaction takes place. Credit card pre-authorization is a transaction in which the card issuer or its agent confirms that the amount is allowed to be frozen before the deduction of the special merchant. Pre-authorization will occupy the credit limit of the card. When the customer settles the pre-authorization, the pre-authorization will be cancelled. \x0d\ Within 30 days after the pre-authorization, if the customer fails to settle accounts, the pre-authorization will also be cancelled. In general, pre-authorization can only be done by credit card, but some banks, such as China Merchants Bank, can also use debit cards for pre-authorization. \x0d\ For example, hotels often require a certain amount of cash as collateral for consumption and accommodation. If the cardholder swipes the card at the front desk and confirms the signature, some funds in the card will be frozen, which is about 1 15% of the estimated consumption. When the cardholder leaves, if the credit card is used to settle the consumption with the merchant, the merchant will cancel the pre-authorization and unfreeze it. If the cardholder finally settles in cash, then remember to ask the merchant to cancel the pre-authorization on the POS terminal. If it is not cancelled, this part of the freeze will be automatically lifted after 30 days. \x0d\ In addition to booking hotels, bank card pre-authorization can also be used to book air tickets online at present. In fact, pre-authorization is to freeze part of the funds, which is equivalent to paying part of the deposit. According to the staff of the bank, because it is mainly used for deposit consumption, the pre-authorization business is mainly concentrated in hotel and air ticket booking. \x0d\ Remind cardholders to carefully check the receipt printed by the POS machine when pre-authorizing. If pre-authorization is applied, it will be clearly marked in the column of transaction type, and then signed after confirmation. \x0d\ Common sense of using credit card \x0d\ Credit card is not just a card, it is actually a carrier of early consumption, allowing cardholders to spend without cash, and it also has many functions such as instant cash withdrawal and online payment. In order to promote credit cards, major banks are now free of annual fees in the first year, giving gifts for consumption and giving gifts for points, ranging from key chains to computer TVs. But when the bank gives you a gift, it usually stipulates the time limit for using the card. \x0d\ About application: It is relatively simple to apply for a credit card now, just provide your address, work certificate and a copy of your ID card. Moreover, credit cards are becoming more and more perfect and attractive from business functions to design, so many friends use cards to open their wallets. You can spend it with a card when you use it. When you return it, you find you don't know which card to return. As a result, you owe money and add unnecessary burden. Maybe many friends are worried. \x0d\ About annual fee: Free annual fee in the first year does not mean free annual fee. Once the credit card is activated, even if it has never been used, an annual fee will be charged if it exceeds the free life. If the cardholder fails to pay the annual fee on time, the bank will automatically deduct it from the cardholder's credit card associated account. If the balance of the associated account is insufficient to pay the arrears, it is regarded as overdraft consumption. After the expiration of the interest-free period, overdraft interest and late fees will be charged according to regulations. At present, all banks have introduced the discount of unlimited credit card spending for 6 times, which can avoid the annual fee of the year. Most importantly, you can use this time to choose a credit card that suits you and meet your needs. \x0d\ About use: Usually one or three credit cards can meet your needs. For those who already have multiple credit cards, choose one to three cards with convenient repayment, good service quality and comprehensive functions. For friends who often go out to work, you can apply for a credit card for hotel discounts and air mileage points and a credit card for discounted goods consumption. Fashion friends can choose cards that compare trends and personalities. In short, when applying for and using credit cards, please choose the one that suits you and your own needs, and do what you can according to your own economic situation to avoid unnecessary troubles. \x0d\ About repayment: In general, repayment can be made at the branch counter of the bank. If you are busy with work and don't have time to go to the bank for repayment, you can choose additional functions of the credit card (such as automatic repayment function of the associated card, telephone and online bank repayment, etc.). ) for repayment transactions. If the repayment is not made on time, the bank will charge interest and late fees according to the regulations. If the long-term arrears are not repaid and the dunning is invalid, the bank will input personal information into the national personal credit information system, which will have an impact on your future personal loans and application for other credit cards. \x0d\ About security: The security of credit card consumption has not attracted many people's attention, but credit card fraud incidents have occurred from time to time. At present, many banks have introduced several consumption modes: signature mode, or password plus signature payment mode. In this case, the cardholder's funds are guaranteed. However, in the daily consumption process, it is very important for the group to protect the security of your password and card. After the consumption is completed, pay attention to check your consumption list in time. When you enter the password > 1 times, please check the transaction list the next day to prevent repeated transactions.