Generally speaking, even if the pre-authorization is not revoked voluntarily, the bank will automatically revoke the pre-authorization after a certain period of time. However, it should be pointed out that the risk of pre-authorization transaction is actually the same as that of direct credit card consumption.

For example, if the customer needs to cancel the order because of the shortage of room or air ticket after the hotel or air ticket agent asks the cardholder to make a credit card guarantee, but the order is not processed before the time specified by the merchant, the merchant can still withdraw the money according to the corresponding proportion of the room rate or air ticket, and the bank will not refuse to pay.

In addition, in the case that the guest has checked out but the hotel itself has not revoked the pre-authorization, it is not excluded that the merchant will deduct money from the frozen quota for reasons such as finding property losses afterwards.

Extended data:

Advantages of pre-authorization: it can avoid the phenomenon of running orders as much as possible. If the guest leaves the hotel without checking out after completing the pre-authorization, the hotel can apply to UnionPay for completing the pre-authorization, and provide the guest consumption documents and pre-authorization documents. So UnionPay can transfer money from the traveler's card to the hotel account.

The revocation of pre-authorization can be divided into active revocation and automatic revocation. Usually, the hotel's operation mode is to book through the internet or telephone, or to brush a certain amount of pre-authorization after entering the store. When you leave the store, you can make pre-authorized settlement through POS machine, pay the consumption amount, and return the remaining amount to the credit card.

According to bankers, the time period for automatic cancellation of pre-authorization is generally 30~45 days, and this frozen amount will occupy the original credit card limit.

Therefore, in order to avoid unnecessary losses, it is suggested that cardholders take the initiative to care about and pay attention to the occurrence and revocation of pre-authorization.

If you intend to cancel the reservation, please ask the hotel or agency to go through the pre-authorization cancellation procedures within the specified time limit and ask for the cancellation number as the cancellation certificate.

After the check-out and rent withdrawal procedures are completed, the cardholder should also consciously ask or confirm the relevant merchants to immediately revoke the pre-authorization, so as to quickly restore the quota and eliminate possible risks and losses in the future.

In addition, the cardholder should check the statement carefully when receiving it. If you find any problems or objections, you can immediately contact the credit card center of the issuing bank to apply for reconciliation.

References:

Baidu Encyclopedia "Credit Card Pre-authorization"