Holds. When we give authorization to a merchant, we will reserve or place a hold on funds in your account to pay for your purchase. There are times – for example, at restaurants or for gas purchases, car rentals or hotels – that merchants won’t know the exact amount of your purchase when they request the authorization. This means the authorization could be for an amount higher or lower than your actual purchase amount. Keep this in mind, because it could temporarily affect your available balance if the hold amount is different than your actual purchase amount. See Section 15 for additional information regarding overdrafts.
Appears in 2 contracts
Sources: Cardholder Agreement, Cardholder Agreement
Holds. When we give authorization to a merchant, we will reserve or place a hold on funds in your account to pay for your purchase. There are times – for example, at restaurants or for gas purchases, car rentals or hotels – that merchants won’t know the exact amount of your purchase when they request the authorization. This means the authorization could be for an amount higher or lower than your actual purchase amount. Keep this in mind, because it could temporarily affect your available balance if the hold amount is different than your actual purchase amount. See Section 15 for additional information regarding overdrafts.,
Appears in 1 contract