what is credit card pre-authorization?

the so-called pre-authorization refers to the transaction in which the card issuer or its agent confirms the license to freeze the amount before the cardholder pays. In other words, pre-authorization refers to the transaction that the card issuing department needs to make a promise to the merchant for future payment because the consumption amount is uncertain when the customer consumes. The amount of the pre-authorized transaction will be frozen, and it is not allowed to participate in other transactions until the pre-authorized settlement of the corresponding transaction occurs. Pre-authorization of credit card is a transaction in which the issuing institution or its agent confirms the permission to freeze the amount before the deduction of the special merchant. Pre-authorization will occupy the credit line of the card. When the customer settles the pre-authorization, the pre-authorization will be cancelled. \ Within 3 days after the pre-authorization, if the customer fails to make settlement, the pre-authorization will also be cancelled. Under normal circumstances, pre-authorization can only be completed by credit card, but some banks such as China Merchants Bank can also use debit cards for pre-authorization. \ For example, hotels and restaurants often ask for a certain amount of cash as a mortgage for consumption and accommodation. If pre-authorized, the cardholder will confirm the signature after swiping the card at the front desk, and a part of the funds in the card will be frozen, which is about 115% 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. 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 not be automatically lifted until 3 days later. In addition to booking hotels, the pre-authorization of bank cards 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, as it is mainly used for deposit consumption, the current pre-authorization business mainly focuses on hotel and air ticket reservation. \ It is necessary to remind cardholders that when pre-authorization is swiped, they should carefully check the signing form printed by POS machine. If pre-authorization is swiped, it will be clearly marked in the transaction type column, and then signed after confirmation. Common sense of using credit card \ Credit card is not just a card, but actually a carrier of early consumption, which allows cardholders to spend without cash, and also has many functions such as instant cash withdrawal and online payment. In order to promote credit cards, all major banks are now free of the annual fee for the first year, giving gifts for consumption and giving gifts for points, ranging from key chains to computer TVs. However, when the bank gives you a gift, it usually stipulates the time limit for using the card. About application: Now it is relatively simple to handle credit cards, just provide your address, work certificate and a copy of your ID card, and credit cards are becoming more and more perfect and attractive from business functions to design, so many friends open their wallets with cards. When you use it, you just take a card and spend it. When you repay it, you find that you don't know which card to return. As a result, you owe money and add unnecessary burden. Maybe many friends are worried about it. 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 in the associated account is insufficient to pay the arrears, it will be treated as overdraft consumption. After the interest-free period expires, overdraft interest and late payment fees will be charged according to the regulations. At present, all banks have introduced the discount of unlimited credit card spending for six times, which can exempt the annual fee of that year. The most important thing is that you can use this time to choose the credit card that suits you to meet your own needs. \ About use: Usually, one or three credit cards can meet your needs. For those who already have multiple credit cards, you should choose one or three cards with convenient repayment, good service quality and comprehensive functions. For friends who often go out to work, they can apply for a credit card with hotel discount and air mileage points and a credit card with discounted goods consumption. Fashion friends can choose cards that compare trends and personalities. In short, when applying for and using a credit card, please choose the one that suits you and your own needs, and do what you can according to your own financial situation, so as to prevent unnecessary troubles. \ About repayment: Under normal circumstances, you can make repayment at the counter of the bank's outlets. If you don't have time to go to the bank for repayment due to busy work, you can choose the 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 you don't repay the loan on time, the bank will charge interest and late fees according to the regulations. If the long-term arrears are unpaid 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. 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: there is a signature mode, and you can also choose the payment mode of password plus signature. In this case, the cardholder's funds are guaranteed to a certain extent. But in the daily consumption process, it is important for the group to protect the security of your password and card. When the consumption is completed, pay attention to check your consumption list in time. When you enter the password > 1 time, please check the transaction list the next day to prevent repeated transactions.

where can I check the pre-authorization of China Bank's credit card?

Dear customers, you can inquire through mobile banking, "China Bank Credit Card" WeChat WeChat official account, Colorful Life APP, online banking, customer service hotline 46695566 and other channels.

the above contents are for your reference. please refer to the actual business regulations.

How to inquire about the pre-authorization of credit cards

Question 1: How to inquire about the pre-authorization record of bank cards "pre-authorization" of credit cards

Nowadays, there are many people who like to travel, and credit cards have become one of the main payment methods for people. When traveling abroad, some hotels will require customers to pay the deposit by swiping their credit cards for "pre-authorization" according to the regulations and the number of days of stay. However, some people still don't fully understand his specific concept, so everyone must be aware of

"pre-authorization", which is mainly used for hotel reservation and check-in, and can be simply understood as the concept of "deposit". Pre-authorization only takes up the quota. When the transaction is confirmed without pre-authorization, the merchant cannot ask the bank for money. "

when you spend money in hotels, hotels or car rental companies, the consumption and settlement of the merchants are not completed at the same time. Merchants will choose to use the pre-authorization transaction operation, ask the card issuer for authorization, and collect money from the cardholder according to the settlement amount at checkout (called pre-authorization confirmation). After the merchant requests authorization, your credit card account will freeze the credit limit or account funds within the authorized amount, and the pre-authorization is valid for 3 days from the trading day (for the additional pre-authorization amount, the additional trading day shall prevail). If you pay or cancel the authorized consumption in other ways during settlement, you should ask the merchant to cancel the pre-authorized transaction at the same time. If the pre-authorization expires or the pre-authorization cancellation transaction is completed, the original pre-authorization credit line or account fund freeze will be automatically lifted. When you fail to make face-to-face checkout for some reason, the merchant will automatically deduct your transaction payment through the card issuer according to your consumption records or documents within the validity period of the pre-authorization and within the range of 115% of the pre-authorization amount.

the original pre-authorization will be automatically cancelled when the pre-authorized consumption funds are settled and accounted for.

for example, if a citizen goes out to stay, the hotel will freeze the accommodation and other expenses from the credit card through pre-authorization. After the check-out confirms the consumption amount, the hotel will complete the pre-authorization of the credit card and deduct the actual consumption amount from the card. At this time, the hotel will really receive this part of the money. He also said, "The pre-authorization amount generally does not exceed the upper limit of the available amount of the card. When the transaction is confirmed without pre-authorization, the merchant cannot ask the bank for money, so there will be no handling fee and interest." For example, in the credit card centers of CCB and BOC, the customer service staff said that customers can ask the merchants to cancel the pre-authorization directly when they check out, and the credit limit can generally be restored immediately, and they can also call the credit card center to inquire. If the pre-authorization is not cancelled in time, the bank will automatically cancel the frozen quota after 3-45 days. It is worth noting that during this period, the frozen pre-authorized funds cannot be used.

As seen on Ctrip and other travel websites, many hotels require their guests to provide credit card guarantee when booking online in order to ensure the occupancy rate. The staff member said that the pre-authorization transaction is consistent with the risk of ordinary credit card consumption. It should be noted that the cardholder may be required to make a credit card guarantee at the hotel or air ticket agency because of the tight room or air ticket. "If the customer needs to cancel the order, but it is not handled before the time specified by the merchant, the merchant will deduct the corresponding room fee or air ticket according to the agreement. In this case, it cannot refuse to pay." In order to avoid unnecessary losses, if the customer wants to cancel the reservation, he must go through the cancellation procedures with the hotel or agency before the specified time, and ask for the cancellation number as the cancellation certificate.

Question 2: How to check the percentage of pre-authorization for credit cards? Hello, if you hold our credit card, pre-authorization means that the normal operation of staying in a hotel is to swipe a deposit on the credit card first, and then deduct it directly from the deposit when you actually check out, so as to release the remaining credit limit. However, at present, some hotels swipe their cards twice, first swipe a deposit, then swipe a checkout, and the deposit will be cancelled later, so you don't need to pay the deposit. The cancellation time of the deposit is long or short. If you think that taking up your quota may cause you inconvenience in using the card quota, you can inform and remind the hotel to cancel it for you in time.

Pre-authorization transaction:

When staying in a hotel or renting a car, a merchant can use his credit card to withhold a certain amount as a deposit, and then swipe his credit card again for actual settlement after the consumption is completed. This kind of transaction is generally called pre-authorization transaction. The pre-authorization withholding amount occupies the available credit card line. After the pre-authorization is completed, the extra available credit line can be recovered immediately.

You can manually check your pre-authorization status by credit card.

question 3: where can I inquire about the cancellation after the pre-authorization of China Merchants Bank's credit card is completed? Hello, because Baidu platform can't verify the account information, please call our customer service hotline, and call 8825555 for free on fixed lines. Call 4825555 on your mobile phone and the customer service staff will inquire for you after entering the manual.

question 4: how to inquire about the pre-authorization of bank of communications credit card unfreezing? It is found that your pre-authorized transaction is not in your pending account, that is, it is completed

or will be automatically cancelled after 3 days

Question 5: Hello, the pre-authorized credit card of China Merchants Bank. According to your query, the following common situations are provided for your further understanding.

ways to cancel pre-authorization: way 1: the customer first requests pre-authorization, and then changes to cash settlement. At this time, the cashier can cancel pre-authorization by swiping the customer card; Method 2: The customer requests the pre-authorization first, and then pays the bill in cash, but the customer has left the hotel (that is, the pre-authorization cannot be cancelled by swiping the card), and the hotel shall notify the bank to cancel the pre-authorization at this time; Mode 3: The customer requests pre-authorization first, and then leaves the hotel without checking out. At this time, the hotel should prove in writing and propose to the bank to cancel the pre-authorization and make up the account (that is, deduct the customer's deposit).

if you leave the hotel without canceling the pre-authorization, the handling methods are as follows: 1. If the hotel does not settle the account with the bank after 3 days of pre-authorization, the pre-authorization transaction will be automatically cancelled by our bank system, and the funds will be automatically returned to the customer's account; 2. If you want to return the funds immediately, you must complete the "pre-authorization cancellation" transaction, and the funds will be returned to your account at the same time. You can write down the specific situation, including the card, the transaction date, the amount, the name of the merchant, the contact number of the merchant, the contact person, etc., and hand it over to the background for processing. After the backstage communicates with the relevant personnel of the local branch, notify the customer to fax the application for cancellation of pre-authorization to the corresponding branch for processing.

credit card pre-authorization cancellation method: customers can directly call the credit card center at 8-82-5555 (remember not to let merchants send faxes directly).

in addition, if you use a credit card to require immediate refund of funds, theoretically, you can cancel the pre-authorization obtained on the same POS machine. However, due to the different settings of POS machines in domestic acquirers and the various types of POS machines, there are some cases that can be successfully cancelled, but not many. Therefore, in this case, pre-authorization is mostly cancelled manually.

the process is as follows: the merchant faxes the request for pre-authorization cancellation to its acquirer, and after confirmation by the acquirer, the acquirer sends this fax to the authorization room of China Merchants Bank Credit Card Center, and relevant personnel will handle it. If the authorization is cancelled on the same day, the quota will be restored immediately, and if it is not cancelled on the same day, it will take working days to restore the quota.

If you have any other questions, I suggest you add "QQ" or "WeChat" for online consultation. Method 1: Search for "4825555" among QQ corporate friends and add "China Merchants Bank Credit Card Center" as a friend; Method 2: Search for the number "cmb4825555" on WeChat and pay attention to China Merchants Bank Credit Card Center. Please click: cc.cmbchina/...d=zxkf, thank you for your attention and support!

Question 6: The query of unfreezing the pre-authorization of CCB's credit card actually freezes a part of the landlord's credit line for the pre-authorization transaction, which is similar to a deposit

When the general merchants finally settle accounts, they will complete the pre-authorization (directly pay with the pre-authorization amount, and make up for the excess)/cancel it (provided that the landlord pays in other ways, such as cash) and do not handle it

Case 1: Generally, after 1-2 days, the landlord can inquire about the account entry status of the transaction through the details of the credit card bill (inquiry method: through the credit card website of CCB and the credit card service hall —— bill integral inquiry —— you can find the paid and unpaid bills in the last six periods after entering the information as prompted)

Case 2: After the pre-authorization is revoked, the landlord's line will be automatically restored within 1-2 days,

Case 3: If

In case 2 and case 3, the landlord can check the change of the credit card available amount (the landlord can use the mobile phone number you reserved at his home and edit the short message: "The last four digits of 313# will reply to your credit card available amount as of the time of sending the short message)

If the landlord has other questions, you can ask.

question 7: how to confirm that the pre-authorization of the credit card is 25,? If there is no pre-authorization, there is no need to deduct money from you.

question 8: Can the pre-authorization amount be found on the credit card online? Generally, it will not be displayed immediately. Banks have their own bookkeeping dates, which can be found as early as the day after pre-authorization. It will take 3 or 4 days later, and it will take longer if it is pre-authorization abroad.

question 9: how long will the credit card pre-authorization be returned? After the payment is made, the pre-authorization can be cancelled by the shop assistant. If the pre-authorization is not lifted, the bank will automatically