Credit card pre-authorization means that you swipe the card once to occupy the credit limit of the credit card, and swipe the card again to unfreeze it. If you have not used this part of the funds, you do not need to repay it. If you have already used this part of the funds, then Repayment required.
Credit card pre-authorization refers to a transaction in which the card issuer or its agency confirms the permission to freeze the amount before the special merchant debits the money. The pre-authorization will occupy the card's credit limit and will be canceled when the customer settles the pre-authorization. If the customer does not make settlement within 30 days after the pre-authorization occurs, the pre-authorization will be cancelled.
A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, which can be used to shop, consume with special organizations, and deposit and withdraw cash from banks. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front. The card has Chip, magnetic strip, signature strip.
Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the bill date.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards are issued by banks and give cardholders a certain credit limit. The cardholders can consume within the credit limit and then repay. credit card.
A quasi-credit card refers to a quasi-credit card issued by a bank. The cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the quasi-credit card can be overdrafted within the specified credit limit. Credit card. The so-called credit card generally refers to a credit card only.