Started by venus_ivy, January 23, 2009, 12:24:05 PM
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Quote from: jdawson on January 26, 2009, 09:28:10 AMHello, my name is Jacy and I am with CMR. The deposit that you are asking about is basically to guarantee that you have enough available funds on your credit card to pay the hotel. The hotel will take an authorization on your credit card for the amount of the room plus tax and an additional $50-$100 per night of your stay to account for any possible incidental charges that you may incur (hotel restaurant, Starbucks, room service, etc.). If you use a debit card, the funds will actually be temporarily withdrawn or held in limbo so that they are inaccessible. If you would like to avoid this hold/deposit when you stay at a hotel, you can give them cash (equal to the amount of the room plus deposit) then pay at the end with a credit card and get the cash refunded to you. You can just pay in cash as well and not use a credit or debit card. This process is used by hotels so that they can guarantee payment from their guests. I hope that this helps!
Quote from: elfgirlkaname on February 07, 2009, 07:39:30 PMSo.. say I pay in cash for the room bill in cash minus the deposit when I arrive and I give them my credit card will they actually charge me and then refund me the money?what if I don't have enough money in my card? ???thanks! :)
Quote from: jdawson on February 10, 2009, 12:07:50 PMHello All:I just wanted to add something that may affect you. If you are using a debit card at the hotel and they place a "hold" on it (for the deposit) this will make funds in your checking account temporarily unavailable. So, if you have (for example) $100 in your checking account and the hotel decides that they want to place a hold for $75, you will only be able to access $25 in your account if you go to the bank or an ATM. After you check out of the hotel, the unused funds are generally available to you within 24 hours. The exception to this rule is that if you use a smaller bank like a credit union versus a large bank like Bank of America or something, it can take much longer for the hold to release. It can sometimes take up to 7 days for the hold to release unless you have the hotel contact your bank to manually release it. It's best to avoid using debit cards from non-major banks if you can help it.
Quote from: FanFicGuru on February 11, 2009, 12:18:06 PMWhether it's debit or credit the effect is still the same, from what I remember. People just need to have a $50/night cushion, so that not being able to access that $50, $100, or $150 won't mess up their budget. It messed me up my first year...
Quote from: jdawson on February 25, 2009, 04:21:41 PMHello,To calculate your room expenses, add the following together for each night: room rate +10.07% tax +$2.10 per night San Jose tourism fee ($3.00 for the Fairmont)Multiply the total by the number of nights that you are staying and that will give you an exact total for your stay.
Quote from: Steve.Young on February 25, 2009, 07:42:45 PMQuote from: jdawson on February 25, 2009, 04:21:41 PMHello,To calculate your room expenses, add the following together for each night: room rate +10.07% tax +$2.10 per night San Jose tourism fee ($3.00 for the Fairmont)Multiply the total by the number of nights that you are staying and that will give you an exact total for your stay. Tax is PER day?
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