I believe many cardholders will experience this. For example, when renting a car or staying in a hotel, the other party will ask you to swipe a "pre-authorization" on your credit card. When you check out at the end, you will usually take the initiative. Provide thawing treatment. However, not every merchant will unfreeze it for you as soon as possible.

For example, after renting a car, taking Shenzhou Car Rental as an example, you will be required to obtain pre-authorization for violation of regulations. This means that if you commit any violation during the rental period, after the car rental company receives the ticket, it will obtain the pre-authorization from your pre-authorization. This part of the fine will be deducted from the authorization. If you do not receive a fine within a month, the pre-authorization will be unfrozen for you.

What is a credit card pre-authorization? Has your credit card pre-authorization been released? But for most cardholders, the concept of "pre-authorization" is not very clear. Credit card pre-authorization is to freeze part of the customer's UnionPay credit card limit when registering in designated consumption scenarios (such as hotel check-in, car rental services, etc.). Simply put, it is a form of "advance payment", which can be understood as a "deposit".

Does the credit card pre-authorization limit occupy the limit? Pre-authorization will occupy the available limit of the credit card, so the pre-authorization cannot exceed the limit of the credit card itself. The pre-authorization will be canceled when the customer settles the pre-authorization. If there is no pre-authorized settlement (such as cash or other settlement methods used during settlement), the credit card pre-authorization will generally be "naturally unfrozen" 30-45 days after it occurs (the time limit varies by bank). After the pre-authorization is cancelled, the frozen limit on the credit card will be restored in real time. In addition, since the pre-authorization only freezes the funds on the credit card and does not cause actual consumption, no handling fees and interest will be incurred.

What should you pay attention to when actually using credit card pre-authorization?

First of all, you should check the POS order carefully. When swiping a credit card for pre-authorization, you must carefully check the information printed by the POS machine. The transaction type will be clearly marked in the type column on the POS slip. If it is a pre-authorized transaction, you must read it clearly and confirm before signing. If not, you need to discuss changing the transaction type with the merchant.

Some pre-authorizations will list the full card number and validity period of the credit card on the POS slip, while consumption POS slips are generally desensitized, such as omitting certain fields of the credit card number. Similar to "622************1234" (different settlement channels are slightly different). Therefore, it is recommended that cardholders activate the credit card SMS notification function so that they can know their pre-authorization and consumption status in real time.

In order to prevent credit card theft, cardholders should also protect the card information. Especially when you swipe a credit card overseas for pre-authorization, you do not need to enter a password. You only need to know your credit card number, expiration date, verification code and other information.

It should also be noted that after completing the check-out, rental and other procedures, the cardholder should also consciously and proactively request and confirm that the relevant merchants immediately revoke the pre-authorization, restore the limit and eliminate possible risks. Risks and Losses. Because if the pre-authorization is not revoked in time, the merchant can still perform deduction operations before the "natural unfreezing". If the cardholder ignores the transaction, it does not rule out that the merchant may deduct money from the frozen amount later on the grounds of damage to items or other reasons. Therefore, consumers need to be cautious when using credit card pre-authorization to avoid leaving a "back door" for them to suffer losses.