Why does a merchant need to get authorisation before accepting my credit card?

A merchant will require authorisation from your credit card issuer in ensuring that the amount of purchase does not exceed your credit limit.

Your transaction will be rejected due to reasons such as exceeding your approved limit.

You may wish to contact your credit card issuer if you encounter such a situation.

Back to Contents of Credit Card Transactions & You

Reprinted with permission from BankingInfo (A Consumer Education Programme)

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Knowledge Base ID :   1235
Last Reviewed :   May 22, 2014
Source :   BankingInfo
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