What does it mean when a consumption authorization appears on a credit card?

Credit card pre-authorization refers to a transaction in which the card issuer or its agency confirms the permission to freeze the limit before deducting the money from the special merchant. Simply put, it is a form of "advance payment", which can be understood as a "deposit".

Example:

When you go to stay in a hotel, first tell the hotel how many days you want to stay, and the hotel will freeze the cost of your stay for these few days from your credit card. After confirming the consumption amount when you leave the hotel, the hotel will use your card to pre-authorize it, so that the actual consumption amount will be deducted from your card, and the hotel will receive this part of the payment.

Extended information:

Notes on credit card pre-authorization consumption:

1. When consumers apply for pre-authorization, they must carefully check the signature issued by the POS machine. If the transaction is pre-authorized, it will be clearly marked in the transaction type column. Please confirm before signing.

2. When canceling or ending the relevant transaction, the cardholder must go through the pre-authorized cancellation procedures with the hotel or agency before the specified time, and ask for the cancellation number as a cancellation voucher.

How to cancel credit card pre-authorization:

1. The cardholder swipes the card to settle the bill, the pre-authorization is cancelled, the consumption amount is deducted, and the remaining money from the pre-authorization is returned to the cardholder's credit card .

2. The cardholder does nothing and the pre-authorization will be automatically canceled within one month.

3. The cardholder takes the initiative to contact the bank and apply for cancellation.