Total outstanding authorization amount in hdfc means
Answers
Explanation:
Total outstanding authorization amount refers to the sum amount of all the transactions of the individual after the latest statement date which are authorized by the customer but yet to be billed to the account.
Once the merchant completes all the formalities by submitting the customer's counter signed authorization slip, then the item will appear in the credit card statement during the next billing cycle.
Answer:
This includes a total sum of all the transactions that one has made in a credit card.
This is after the latest statement date that is authorized by the card user. But this is yet to be billed into the user’s account. The transaction and the billing is yet to be done and hence it does not readily show in your credit card.