1. Cancellation method of credit card pre-authorization of CITIC Bank:

1. The merchant cancels directly at checkout; Effective immediately.

2. Fax cancellation: In case the pre-authorization transaction cannot be cancelled at the merchant's end, the merchant can fax the information to CITIC (fax number: 755-2583263) within 3 days of the pre-authorization transaction. The contents of fax materials include pre-authorization amount, authorization number, transaction date and other information, and must be stamped with the legal and effective financial official seal of the merchant, and the processing time is 3-5 working days.

3. automatic cancellation: the merchant has not handled the transaction, and the automatic cancellation time limit is generally 3 days. ?

2. Pre-authorization of credit card means that the merchant freezes a part of the funds before the cardholder consumes, and the merchant can formally deduct this part of the funds after the cardholder signs it.

Extended information:

Advantages of pre-authorization:

It can avoid the phenomenon 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 for the completion of the pre-authorization and provide the guest consumption documents and pre-authorization documents. In this way, UnionPay can transfer the money from the card of the traveler to the hotel account.

China CITIC Bank-Credit Card Service

Baidu Encyclopedia-Credit Card Pre-authorization