Don’t let an ‘authorization hold’ on credit card hold you hostage

March 16, 2013 at 4:46 am in Alexandria Echo Press

Credit is a convenience; it allows you to charge a meal on your credit card, pay for an appliance with an installment plan, or take out a loan to buy a house. However, when dining out at a fancy restaurant or spending the night away in a hotel, the Better Business Bureau of Minnesota and North Dakota (BBB) says it’s important to take notice of what the banking industry calls an “authorization hold.” Continue Reading