Pre-authorization refers to the behavior that cardholders spend money in hotels, hotels or rental companies, and the consumption and settlement are not completed at the same time, and the special unit asks the card issuer for authorization in advance through POS.
Pre-authorization business generally refers to the business of freezing part of the funds in the bank card as a deposit and then settling it according to the actual consumption amount. Whether it is a credit card or a debit card, pre-authorization business can be carried out. However, credit cards need to have sufficient overdraft amount and debit cards need to have sufficient account balance.
Pre-authorization transactions are usually divided into POS pre-authorization, completion of POS pre-authorization, addition of POS pre-authorization, cancellation of POS pre-authorization, etc. Pre-authorization transactions only control the amount of available months of cardholders. Complete the fund settlement by pre-authorization. An approved pre-authorized transaction is only valid for a limited time.
users should return their credit cards in time after spending, and there can be no overdue situation. If the credit card cannot be returned on time after use, you can use installment repayment or minimum repayment amount, which can reduce the monthly repayment amount and avoid overdue.