Credit card guarantee means that in the process of applying for a credit card, according to the requirements of the card issuer, a third party signs a guarantee contract with the card issuer to provide guarantee for the applicant as the cardholder using the credit card. The debt of the issuing bank is guaranteed. However, in recent years, another new form of credit card guarantee has become popular. This occurs in the consumption process of credit cards. A typical example is hotel reservations. The booker uses the credit amount on the card to guarantee his reservation.
Due to hotel practice, in order to ensure the normal stay of guests, all hotels require a credit card guarantee. If the guest does not show up as booked, all or part of the room fee will be deducted according to the booking terms. The deposit for hotel reservations is frozen and will generally be released within one month.
What is Ctrip's credit card guarantee? It is understood that credit card guarantee is a booking method, not payment. Only when the tourist fails to check in normally, the corresponding room fee will be deducted from the guaranteed credit card. Visitors still need to pay the room fee at the front desk to check in when they arrive at the hotel. The hotel accepts payment with another credit card or cash. If you pay with the same credit card, please make sure you have sufficient credit limit, because there is a handling fee for choosing to use frozen funds as actual payment, domestic credit card 1, foreign credit card 5.