What is a Pre-Authorisation on my credit card?
A pre-authorisation on your credit card sets aside the limit on your card for the amount of the pre-authorisation ($500). If you have a limit of $2,000, and GoGet does a pre-authorisation for $500, you will only have $1,500 of credit remaining for the length of your GoGet membership. A pre-authorisation is valid for two weeks. Each time you book a car, we will automatically check to see if your pre-authorisation is still valid. If more than two weeks have passed since your last pre-authorisation, (for example, if you haven’t booked a car for more than two weeks) we will automatically do a pre-authorisation for $500. That means that if you haven’t booked a car for a while, you must make sure you have $500 of available credit to be able to book a GoGet car. The pre-authorisation only applies to the GoStarter membership. If you wish to upgrade to a cheaper plan and save more money, you must choose a cheaper monthly plan that includes a security deposit.
Related Questions
- How are variable funding notes treated in the calculation of the amount of an issuers credit card or auto dealer floorplan ABS maturing in 2009?
- What are the limitations of personal auto policies and credit card coverage in regards to rental car insurance?
- What is a Pre-Authorisation on my credit card?
