1. CITIC Bank credit card pre-authorization cancellation method:

1. The merchant cancels directly during checkout; it takes effect immediately.

2. Cancellation by fax: If the pre-authorized transaction cannot be canceled at the merchant's end, the merchant can fax the information to CITIC (fax number: 0755-25832630) within 30 days of the pre-authorized transaction. The content of the faxed information includes the pre-authorized amount, authorization number, transaction date and other information, and must be stamped with the merchant's legal and valid financial seal. The processing time is 3-5 working days.

3. Automatic cancellation: The merchant does not perform any processing on the transaction, and the automatic cancellation time limit is generally 30 days. ?

2. Credit card pre-authorization means that the merchant freezes a portion of the cardholder's funds before consumption. After the consumption is completed, the cardholder signs, and the merchant can officially deduct this part of the funds.

Extended information:

Benefits of pre-authorization:

It can avoid the occurrence of running orders as much as possible. If the guest leaves the hotel without paying the bill after completing the pre-authorization, the hotel can apply to UnionPay to complete the pre-authorization and provide the guest's consumption receipt and pre-authorization receipt. In this way, UnionPay can transfer money from the guest's card to the hotel account.

CITIC Bank-Credit Card Services

Baidu Encyclopedia-Credit Card Pre-Authorization