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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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H
 
Hold
definition
What does Hold mean?

A “hold” is being put on an individual’s credit card especially in the cases when there are purchase transactions active, and up until the situation is clarified (the respective sum transferred from the individual’s bank account to the merchant’s bank account) the amount in on hold. Those who frequently use their credit cards for their everyday shopping know that every time they pay either at the gas station or at the restaurant, up until the merchant finishes the transaction, a certain part of the credit available on the card is being put on hold.

Taking a simple example, when the credit limit on the card is say $300, and you make purchases which sum up $150 your balance would normally drop to $150 automatically; but there is no real-time operations going on and basically up until the respective sum literally shows up in the merchant’s account (funds transferred), your bank account will still show $300. Many times it even takes 2 days until you actually can see your balance reduced, and the ‘hold’ being off.
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