The advance payment of the store credit card can be cancelled at any time, and the refund will be recorded three to five days after cancellation.

Take the hotel "pre-authorization" as an example. When a cardholder makes a reservation for a hotel, especially an overseas hotel, if he makes a reservation through an overseas service website that provides hotel reservation, sometimes the agent website does not require the subscriber to pay the fee in advance, but sometimes it also requires the consumer to use a credit card to pay a sum in advance, depending on the specific reservation situation and the popularity of the hotel.

if a sum of money is paid in advance, that is, when the agent website requires a credit card to pay in advance, the cardholder's transaction at this time is a pre-authorized transaction. If the amount of pre-authorization required by the hotel is all room charges, the hotel will often conduct a "pre-authorization completion" transaction when the customer checks out, and deduct the actual consumption amount from the pre-authorization amount. At this time, the amount of credit card is the real payment to the hotel, and the hotel will really receive this part of the money at this time. Extended information

Note 1:

Pre-authorization occupies credit line

Although pre-authorization does not mean actual payment, pre-authorization still occupies credit line of credit card just like actual consumption. Generally speaking, the pre-authorization limit cannot exceed the upper limit of the available limit of the card.

once the pre-authorization is confirmed, the corresponding funds in the card will be frozen and the credit limit will be reduced by a corresponding amount. This amount will be "frozen" in a short time before the actual consumption amount is deducted at the checkout or the merchant cancels the pre-sale right. When the customer settles the pre-authorization, the pre-authorization will be cancelled.

Note 2:

Pay attention to the fund arrangement after pre-authorization

Sometimes the credit limit frozen by pre-authorization is not equal to the amount displayed when actually swiping the card, and some banks will freeze the overdraft limit by 15% on the basis of actual pre-authorization. Therefore, for cardholders who rely on credit card consumption, special attention should be paid to the corresponding fund arrangement and preparation after pre-authorization, so as to avoid the dilemma of insufficient credit line when making other consumption.

Baidu encyclopedia-pre-authorization