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, you should choose one or three cards that suit you 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. For long-term unpaid arrears and dunning ... >>
What does pre-authorization of credit card consumption mean?
It is to freeze a certain amount of funds first, unfreeze them after consumption, and then deduct the corresponding amount.
What does credit card pre-authorization mean?
Credit card pre-authorization is equivalent to paying a deposit for consumption, but it is more convenient than paying a deposit, and the cardholder does not really want to take out the money. Compared with cash and debit cards, it has obvious advantages.
Take the hotel as an example. When the cardholder checks in, he swipes the card at the front desk of the hotel for pre-authorization, and only freezes a certain overdraft limit on the D cardholder's card. The actual consumption deduction occurs when the cardholder leaves the hotel. Not all POS can do credit card pre-authorization transactions, and UnionPay only allows a few industries such as hotels and car rentals to open this function.
What does credit card pre-authorization mean to complete consumption?
Take the credit card of China Merchants Bank as an example. The normal operation of staying in a hotel is to brush a deposit on the credit card first, and deduct it directly from the deposit when actually checking out, so as to release the remaining credit limit. However, at present, some hotels will swipe their cards twice, first to swipe the deposit, and then to check out. The deposit will be cancelled later, and you don't have to pay the deposit (the deposit will not be shown on the repayment bill). The cancellation time of the deposit is long or short. If you think that occupying your credit limit may bring you inconvenience in using the credit card limit, you can promptly inform and remind the hotel to cancel it for you.
What is credit card hotel pre-authorization?
People who travel frequently may have experienced the pre-authorization business of bank cards: swipe your credit card at the front desk when you check in, then sign it, and swipe it again when you check in and check out to complete the payment. 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 means that customers who travel frequently for consumption may have experienced the pre-authorization business of bank cards: swipe their credit cards at the front desk when they check in, then sign, and swipe them again when they check in and check out to complete the payment. 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. 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. As it is mainly used for deposit consumption, the current pre-authorization business mainly focuses on hotel and air ticket booking.
Does the pre-authorization complete the consumption?
Pre-authorization is to freeze a guest's account, such as authorization 1000, which is to freeze 1000 in his account to ensure that it can be used by me. Before the pre-authorization is revoked, the cardholder can't use this amount of 1000, but in fact this amount of 1000 is still in the cardholder's card. After the pre-authorization is completed, 800 of the 1000 to be frozen will be confirmed for consumption and credited to my account, while the remaining 200 has been unfrozen, and cardholders can use it freely.
Credit card pre-authorized consumption. What do you mean by final consumption?
Take the hotel as an example. The part of swiping the card when you first check in is called pre-authorization, which means freezing, not real deduction. The real deduction is when you check out, that is, the last consumption you ask, and the rest will be thawed within three days!
What does bank card pre-authorization mean?
Pre-authorization is to temporarily freeze your funds when you swipe your card before you know how much it will cost. . For example, staying in a hotel for a week costs 100 yuan per day. When the goods are damaged, the deposit is 100 yuan. When you arrive at the hotel, you can use pre-authorization to swipe your card on the hotel pos machine. Pre-authorized 800 yuan, which means that 800 yuan in your card has been temporarily frozen. . If you only stay for two days. It didn't damage anything. Then the pre-authorization is completed 200. . The remaining frozen money will be automatically returned to your original card.
Pre-authorization and consumption, how to determine that it is not twice consumption?
Pre-authorization is generally used for hotel accommodation, that is, when consumption and checkout are not synchronized.
Pre-authorization is actually that the hotel freezes a sum of money on your card, such as your 1800 yuan this time. The money that the hotel didn't take is still in your account.
I will swipe my card again when I check out. This time, it's the amount you actually spent. The remaining amount (pre-authorized frozen amount-actual consumption amount) will be pre-authorized and returned to the card. But some take longer to withdraw.
There are two ways to cancel the pre-authorization. One is that the hotel swipes your card and then cancels it for you manually. The other is that the hotel will cancel it automatically after deducting the actual transaction amount. Pre-authorization is actually similar to what we said: the deposit does not really deduct money from your card, but only takes up a part of the available amount. When the pre-authorization is lifted, the amount occupied will be released, and you don't need to pay back the money first.
Pre-authorized consumption
1, pre-authorized by 1000.
2. What other consumers do on POS is ordinary credit card consumption.
3. Go from pre-authorization after returning the previous consumption? What is this account at checkout?
4. What do I prompt if I can't finish brushing the POS machine?
Cash refund by credit card belongs to cash withdrawal, please pay attention.
If you want to return the goods, you can do return and cancellation, Kaka transaction and cash transaction.
If the pre-authorization cannot be completed, record the prompt of the POS machine at that time and get in touch with the person who helped you install the POS immediately, which can basically be solved immediately.