Aug 30 2013, 02:06 PM
QUOTE(munkeyflo @ Aug 29 2013, 07:52 PM)
Any idea how to differentiate whether the hotel just 'blocked' the amount of money as 'deposit' or charged the credit card? Will the bank staff be able to find out whether the amount is blocked or charged?
How does this block thing works? When the hotel blocks the deposit amount for a certain number of days on my credit card when I check in, after checking out they will release the block, then it won't appear on my statement right?
Recently made a hotel booking for January 2013 with booking.com where it stated no deposit or prepayment is required. Receive an SMS from my bank the next day saying that a purchase of xx amount has been made. I contacted booking.com and they say the hotel could have block the amount (which was 50% of the total amount).
When your card is swiped for deposit, your card is actually charged that particular amount. Credit limit will be deducted but however, the merchant (which is the hotel this time), will not submit the deposit amount for claim unless you did not show up at the hotel which they will then use the transaction and claim from the credit card institutions. If I am not wrong, they can hold your credit for 7 days and if the merchant did not claim, the floating amount will be reverted back into your credit limit.How does this block thing works? When the hotel blocks the deposit amount for a certain number of days on my credit card when I check in, after checking out they will release the block, then it won't appear on my statement right?
Recently made a hotel booking for January 2013 with booking.com where it stated no deposit or prepayment is required. Receive an SMS from my bank the next day saying that a purchase of xx amount has been made. I contacted booking.com and they say the hotel could have block the amount (which was 50% of the total amount).
The amount is considered as floating as it is deducted from your credit limit but because the hotel did not submit for any claim, it will not appear in your bill. You can check with the bank and all they can tell you is XXX hotel has charged to your card but have not make any claims yet hence it is still floating.
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