Categories: Lifestyle

10 Things You Need to Know Before Getting a Credit Card

Authorization Holds and Security Holds

Planning to use your credit card during a vacation? Bring a backup payment method just in case authorization holds eat up your available spending limit or a security hold locks down your card. Canadian and American businesses, such as hotels and rental car agencies, commonly place large holds on credit cards.

The security hold is a safety feature in case your card is stolen. A security hold tends to be an automatic hold that is applied when your card is used in an unusual place and will require a call from you to release it. Even traveling from one state to another without informing your credit card company can lead to holds being placed. It could be very inconvenient to head out on a road trip and stop for gas in the next state only to find you cannot authorize the purchase on your credit card.

Page: 1 2 3 4 5 6 7 8 9 10 11

master

Share
Published by
master

Recent Posts

Top 10 Things Every Health Insurance Policy Should Have

Does your health insurance policy include these things? The average American spends $6025 on individual…

9 years ago

Top 10 Exercises for Inner Thighs

Try these exercises for toning your inner thighs. The inner thighs can be a problem area…

9 years ago

Top 10 Video Games for Girls

Did your favorite make the list? Video games are not just for boys. It seems…

9 years ago

Top 10 Video Games for Boys

Is your favorite on this list? If you’re the parent of a young boy--or you’re…

9 years ago

Top 10 Exercises to Slim the Hips

Want slimmer hips? Try these exercises. If you are a pear, apple, or hourglass shape,…

9 years ago

Top 10 Safest Places to Run in Orange County, CA

Here are the safest running trails in the OC. Orange County , California has no…

9 years ago