What should I pay attention to in credit card pre-authorization?
First, pre-authorization occupies credit line.
Pre-authorization will occupy the credit card limit. Under normal circumstances, the pre-authorization amount cannot exceed the upper limit of the available amount on the card. Once the advance payment is confirmed, the corresponding funds in the card will also be frozen until the advance payment is cancelled or used for repayment.
As the credit card pre-authorization occupies the credit card limit, therefore, when the pre-authorization transaction amount is large, in order to prevent the limit from being insufficient, it is recommended that the cardholder bring more cash or credit cards.
Second, how to unfreeze the pre-authorization amount?
After payment, the cardholder can ask the merchant to cancel immediately, and the general pre-authorization amount can be restored immediately. If the cardholder fails to cancel in time, the bank will automatically cancel within 30-45 days and restore to the corresponding limit. In addition, pre-authorization can be converted into actual consumption for deduction. If you pre-authorize 1000 yuan, and the actual consumption is only 800 yuan, then the rest of 200 yuan will automatically return to Cary.
Third, carefully check the POS billing records.
When pre-authorizing, carefully check the receipt printed by POS machine, and the transaction type will be clearly indicated on the receipt. If it is a pre-authorized transaction, the transaction type will be indicated in the Type column. Otherwise, please negotiate with the merchant to modify the transaction type.
Prompt cardholders to open the credit card SMS reminder function, so as to grasp their consumption situation in real time.
Fourth, there is a follow-up risk that the credit card pre-authorization has not been revoked.
In fact, it is best to cancel your credit card pre-authorization immediately after the transaction is completed, because after the transaction is cancelled or ended, if the cardholder fails to handle the pre-authorization within the time specified by the merchant, then the merchant can cancel the pre-authorization or deduct the money, and the bank will not refuse to pay. That is, if the pre-authorization transaction is not cancelled in time, repeated deductions may occur.
Fifth, protect credit card information such as credit card verification code.
Stealing credit cards by credit card pre-authorization often happens, and this kind of stealing usually happens overseas, because overseas pre-authorization transactions do not need to enter a password, as long as the other party knows your credit card number, expiration date, verification code and other information, it can be stolen. Therefore, in order to prevent pre-authorization from being stolen, it is necessary to protect credit card information.