Credit Card for holding hotel room question?

When you use a credit card to hold a hotel room (lets say its for $100 dollars) and if its far in advance like a few months, is that amount blocked on your credit card that far at advance or just until you check in? Im planning a few nascar trips and going to be reserving over 10 hotel rooms and was just wondering..Credit Card for holding hotel room question?
Credit card blocking occurs when a merchant contacts your credit card company with an estimate of what your total bill will be and ';blocks'; that amount even though he isn't charging your card for the total amount at that time and might not ever charge your card for that amount.





An example of a situation where credit card blocking occurs is when you use a credit card to register with a hotel or car rental service. They call in an estimate of what your total bill might be to your credit card issuer and have that amount set aside or blocked for possible future use. This way you can't stiff them on the final bill later on.





While an amount has been blocked it cannot be used to make other purchases. So, if you leave your hotel room to go shopping, you might find your credit card declined on the basis that you have reached your credit limit.





Some credit card companies will let you go over your limit and then access an ';over the limit'; fee on your next statement. These fees are heavy and you want to avoid them if at all possible.





For the above reason, it is not a good idea to use a credit card that you have nearly maxed out when you travel.





Hope this answers your question.Credit Card for holding hotel room question?
The amount is not blocked. It's paid to Hotel as amount for advance. If they allow you to cancel the booking they will refund the amount normally after deducting a particular percentage of total amount.





example: 3% of $100 will be deducted on cancellation.





As an advise please read the terms and conditions carefully before you proceed with on line payments.
no. they just use your credit card info in case you don't show up in that case they would charge your card for they full amount of all 10 rooms so you better make sure no one backs out or you'll be stuck with their part of the bill. however i would double check with the hotel on what their policy is.
You've just given them the authorization to charge you for the no-show penalty (usually the first night's payment) if you don't show up.





If they did put a hold, it falls off your account fairly quickly if the transaction isn't completed.





This is a great reason to not use debit cards.
Depends on the hotel. Most hotels have a one night deposit to hold the room for you. Just in case you dont show they will not lose money for that room for that night