The so-called pre-authorization is a transaction in which the card issuer or its agency confirms the authorized frozen limit before the cardholder makes payment. In other words, pre-authorization refers to a transaction that requires the card issuing department to make a commitment to the merchant for future payment when the customer makes a purchase because the consumption amount is undetermined. The amount of the pre-authorized transaction will be frozen, and you will not be able to participate in other transactions until the pre-authorized settlement of the corresponding transaction occurs. Credit card pre-authorization is a transaction in which the card issuer or its agency confirms the permission to freeze the amount before the special merchant debits the money. The pre-authorization will occupy the card's credit limit and will be canceled when the customer settles the pre-authorization. \x0d\If the customer does not make settlement within 30 days after the pre-authorization occurs, 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's debit cards can also be used for pre-authorization. \x0d\For example, hotels and hotels often require a certain amount of cash as a deposit for accommodation. If pre-authorized, the cardholder swipes the card at the front desk and confirms the signature, and part of the funds in the card will be frozen. This part of the funds This is about 115% of the expected consumption. When the cardholder leaves, if the credit card is used to settle purchases with the merchant, the merchant will cancel the pre-authorization and release the freeze. If the cardholder ends up settling in cash, remember to ask the merchant to cancel the pre-authorization at the POS terminal. If not canceled, this part of the freeze will be automatically lifted after 30 days. \x0d\In addition to booking hotels, pre-authorization of bank cards can also be used to book air tickets online. In fact, pre-authorization means freezing part of the funds, which is equivalent to paying part of the deposit. According to bank staff, since it is mainly used for deposit consumption, the current pre-authorization business is mainly focused on hotel and air ticket bookings. \x0d\ Cardholders need to be reminded that when swiping pre-authorization, they must carefully check the signature issued by the POS machine. If pre-authorization is swiped, the transaction type column will be clearly marked, and they must be confirmed before signing. \x0d\Common sense issues in using credit cards\x0d\A credit card is not just a card. It is actually a vehicle for advance consumption, allowing cardholders to make purchases without cash. In addition, it also has instant cash withdrawals and the Internet payment and many other functions. In order to promote credit cards, major banks are now waiving the first-year annual fee and giving points as gifts for every purchase, ranging from keychains to computers and TVs. However, when the bank provides you with a gift, it usually also stipulates a period within which the card must be used. \x0d\About application: Nowadays, credit card application is relatively simple. You only need to provide your address and work certificate and a copy of your ID card. Moreover, credit cards are becoming more and more perfect from business functions to appearance design. The more attractive they are, so many friends open their wallets full of cards. When you use it, you randomly choose a card to use it for consumption, and when it comes time to repay it, you find that you don't know which card to repay. As a result, you owe money and add unnecessary burdens. Maybe many friends are worried about this. \x0d\About annual fees: Waiver of annual fees in the first year does not mean free every year. Once a credit card is activated, even if it has never been used, an annual fee will be charged if it exceeds the free period. If the cardholder fails to pay the annual fee on time, the bank will automatically debit the account associated with the cardholder's credit card. If the balance in the associated account is insufficient to pay the outstanding balance, it will be treated as an overdraft consumption. After the interest-free period has passed, overdraft interest and late payment fees will be charged in accordance with regulations. At present, various banks have launched a discount that allows you to waive the annual fee for that year by swiping the card six times without a limit. The most important thing is that everyone can use this time to choose a credit card that suits you to meet your needs. \x0d\About use: Normally, one to three credit cards can meet your needs. For those who already have multiple credit cards, you should choose one that is convenient for repayment, has good service quality, and has comprehensive functions that suit you. Just use one or three cards. For friends who often go out to work, you can apply for a credit card with hotel discounts and airline mileage points, coupled with a credit card with discounts on product consumption. Fashionable friends can choose more trendy and personalized cards. In short, when applying for and using a credit card, please choose one that suits you and your needs, and act according to your ability based on your own financial situation to avoid unnecessary trouble. \x0d\About repayment: Under normal circumstances, you can repay over the counter at a bank branch.

If you have no time to go to the bank for repayment due to your busy work, you can choose the additional functions of your credit card (such as the automatic repayment function of associated cards, repayment by phone, online banking, etc.) for repayment transactions. If you fail to repay within the prescribed time, the bank will charge interest and late fees in accordance with regulations. For long-term debts that have not been repaid and reminders are invalid, the bank will enter personal information into the national personal credit system, which will have an impact on your future personal loans and other credit card applications. \x0d\About security: The security of credit card consumption has not attracted many people's attention, but credit card fraud incidents occur from time to time. Now many banks have launched several consumption modes: there is a signature mode, and you can also choose a password plus signature payment method. In this way, the safety of the cardholder's funds is guaranteed to a certain extent. But in the daily consumption process, it is important to protect the security of your password and card. When the consumption is completed, please check your consumption list in time. When you enter your password > 1 time, please check the transaction list the next day to prevent repeated transactions.