Of course. Credit card pre-authorization can be swiped to individuals, but a password is required when it is completed or cancelled. Once the savings card is swiped, the money will be automatically unfrozen after a period of time and cannot be dragged out remotely. Remember to cancel. According to Article 7 of the Measures for the Supervision and Administration of Credit Card Business of Commercial Banks, credit cards refer to all kinds of media that record the relevant information of cardholders' accounts, have the functions of bank credit line and overdraft, and provide relevant banking services for cardholders.

What is the pre-authorization of China Bank Credit Card?

Credit card pre-authorization means that before you spend, the merchant stops paying part of the funds to your credit card, and after you spend, the merchant can officially deduct this part of the funds. When staying in a hotel or renting a car, you don't need to pay a lot of cash as a deposit to the hotel or leasing company, just use a credit card to pre-authorize it through the hotel or leasing company.

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.

Excuse me, what is the pre-authorization of China Bank Credit Card?

Pre-authorization of credit card refers to the process that special merchants ask the issuing bank for a payment commitment on the cardholder's expected payment amount through POS machines or other means. That is, the merchant occupies some funds before the cardholder consumes, and this part of funds can be officially deducted after the cardholder completes the consumption and signs it.

For example, hotel accommodation, the hotel pre-authorization will take up a part of the amount in your credit card (similar to the deposit), and the hotel will deduct it from the pre-authorization according to the actual consumption amount when checking out. If you want to verify the actual amount of hotel charges, you can call the Credit Card Customer Service Center of Bank of China at 4006695566. Wish you a happy greeting card!

The above contents are for your reference. Please refer to the actual business regulations.

If you have any questions, please contact online customer service of Bank of China.

You are cordially invited to download and use China Bank Mobile Banking APP or China Bank Cross-border GOAPP to handle related business.

What does credit card pre-authorization mean?

Credit card pre-authorization refers to the transaction in which the card issuer or its agent confirms the permitted frozen amount before the deduction of the special merchant.

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

For example, if you go to a hotel, first tell the hotel how many days you will stay, and the hotel will freeze the expenses needed for these days from your credit card. After you check out, the hotel will use your card for pre-authorization, so that the actual consumption amount will be deducted from your card and the hotel will receive the money.

Take the structure of credit card as an example:

Pre-authorization is an authorized transaction. When you use our card to spend money through special merchants such as hotels and websites, the merchants ask us for authorization in advance. The types of pre-authorization include pre-authorization application, pre-authorization completion, pre-authorization cancellation and pre-authorization completion cancellation. The pre-authorization freezing amount is generally higher than the transaction amount, and the rules for unfreezing funds after pre-authorization cancellation or completion are as follows:

1. If the pre-authorization application for debit card and quasi-credit card is not cancelled or completed within 30 days after success, it will be cancelled automatically after 30 days of freezing funds.

2. If the credit card applies for pre-authorization, but the pre-authorization is not revoked or completed after the application is successful, the frozen funds will be automatically revoked after 15 days, and the frozen RMB funds will be automatically revoked after 30 days.

Official website of China Construction Bank

What is credit card pre-authorization?

The so-called pre-authorization refers to the transaction in which the card issuer or its agent confirms the permitted frozen amount before the cardholder pays. In other words, pre-authorization refers to the transaction that the card issuing department needs to make a future payment commitment to the merchant when the customer consumes, because the consumption amount is uncertain. The pre-authorized transaction amount will be frozen, and it is not allowed to participate in other transactions before the pre-authorized settlement of the corresponding transaction takes place. Credit card pre-authorization is a transaction in which the card issuer or its agent confirms that the amount is allowed to be frozen before the deduction of the special merchant. Pre-authorization will occupy the credit limit of the card. When the customer settles the pre-authorization, the pre-authorization will be cancelled. Within 30 days after the pre-authorization, if the customer fails to settle the account, the pre-authorization will also be cancelled. In general, pre-authorization can only be done by credit card, but some banks, such as China Merchants Bank, can also use debit cards for pre-authorization. For example, hotels and restaurants often require a certain amount of cash as collateral for consumption and accommodation. If pre-authorized, the cardholder will confirm the signature after swiping the card at the front desk, and part of the funds in the card will be frozen, which is about 1 15% of the estimated consumption. When the cardholder leaves, if the credit card is used to settle the consumption with the merchant, the merchant will cancel the pre-authorization and unfreeze it. If the cardholder finally settles in cash, then remember to ask the merchant to cancel the pre-authorization on the POS terminal. If it is not cancelled, this part of the freeze will be automatically lifted after 30 days. In addition to booking hotels, bank card pre-authorization can also be used to book air tickets online. In fact, pre-authorization is to freeze part of the funds, which is equivalent to paying part of the deposit. According to the staff of the bank, because it is mainly used for deposit consumption, the pre-authorization business is mainly concentrated in hotel and air ticket booking. Need to remind the cardholder that when pre-authorizing, you should carefully check the POS machine signing. If pre-authorization is applied, it will be clearly marked in the column of transaction type, and then signed after confirmation. Common sense about the use of credit card Credit card is not just a card, it is actually a carrier of early consumption, allowing cardholders to spend without cash, and it also has many functions such as instant cash withdrawal and online payment. In order to promote credit cards, major banks are now free of annual fees in the first year, giving gifts for consumption and giving gifts for points, ranging from key chains to computer TVs. But when the bank gives you a gift, it usually stipulates the time limit for using the card. About application: Now it is relatively simple to handle credit cards, just provide your address, work certificate and a copy of your ID card, and credit cards are becoming more and more perfect and attractive from business functions to design, so many friends use them to open their wallets. You can spend it with a card when you use it. When you return it, you find you don't know which card to return. As a result, you owe money and add unnecessary burden. Maybe many friends are worried. About annual fee: Free annual fee in the first year does not mean free every year. Once the credit card is activated, even if it has never been used, an annual fee will be charged if it exceeds the free life. If the cardholder fails to pay the annual fee on time, the bank will automatically deduct it from the cardholder's credit card associated account. If the balance of the associated account is insufficient to pay the arrears, it is regarded as overdraft consumption. After the expiration of the interest-free period, overdraft interest and late fees will be charged according to regulations. At present, all banks have introduced the discount of unlimited credit card spending for 6 times, which can avoid the annual fee of the year. Most importantly, you can use this time to choose a credit card that suits you and meet your needs. About use: usually one or three credit cards can meet your needs. For people who already have more than one credit card, they should choose one or three cards that suit them with convenient repayment, good service quality and comprehensive functions. For friends who often go out to work, you can apply for a credit card for hotel discounts and air mileage points and a credit card for discounted goods consumption. Fashion friends can choose cards that compare trends and personalities. In short, when applying for and using credit cards, please choose the one that suits you and your own needs, and do what you can according to your own economic situation to avoid unnecessary troubles. About repayment: Under normal circumstances, repayment can be made at the branch counter of the bank. If you are busy with work and don't have time to go to the bank for repayment, you can choose additional functions of the credit card (such as automatic repayment function of the associated card, telephone and online bank repayment, etc.). ) for repayment transactions. If the repayment is not made on time, the bank will charge interest and late fees according to the regulations. If the long-term arrears are not repaid and the dunning is invalid, the bank will input personal information into the national personal credit information system, which will have an impact on your future personal loans and application for other credit cards. About security: the security of credit card consumption has not attracted many people's attention, but credit card fraud incidents have occurred from time to time. At present, many banks have introduced several consumption modes: signature mode, or password plus signature payment mode. In this case, the cardholder's funds are guaranteed. However, in the daily consumption process, it is very important for the group to protect the security of your password and card. After the consumption is completed, pay attention to check your consumption list in time. When you enter the password > 1 times, please check the transaction list the next day to prevent repeated transactions.

This concludes the introduction of credit card pre-authorization and whether credit card pre-authorization will show consumption. I wonder if you found the information you need from it?