Total Outstanding Authorization Amount?

#1
Hi

What is "Total Outstanding Authorization Amount"?

What does this stands for in the credit card summary?

I am not able to understand this. Please help me in understanding the meaning of this Credit Card summary.

Thanks
Noob
 

Alchemist

Administrator
Staff member
#2
#5
I made a transaction in the morning of Nov 2. And another couple of transactions in the afternoon. And my bill date is 5th.

So when the statement came on 6th, the morning transaction is not listed in that whereas the two transaction I made in the afternoon was included in the bill.

And the first transaction is not listed under unbilled transactions also. But they have reduced the available credit for that amount and that amount is shown as total outstanding amount.

That's why I am confused.

Any help on this?
 
#6
I made a transaction in the morning of Nov 2. And another couple of transactions in the afternoon. And my bill date is 5th.

So when the statement came on 6th, the morning transaction is not listed in that whereas the two transaction I made in the afternoon was included in the bill.

And the first transaction is not listed under unbilled transactions also. But they have reduced the available credit for that amount and that amount is shown as total outstanding amount.

That's why I am confused.

Any help on this?

Sometimes it happens that merchants submit all transactions in bulk. So although the authorization has passed through and the amount blocked from your credit limit. The transaction is yet to be completed and hence not showing up on your bill.

Once the merchant completes the formalities by submitting your counter signed authorization slip, the item will appear in your credit card statement in the next billing cycle.
 
#7
In that case it should be shown under unbilled transactions right?

Now what happens is that if I want to show any proof for that transaction to someone else, I have nothing.

Also does this mean I have to pay that amount in this cycle or should O wait till i get the bill with the specified transaction?
 
#8
In that case it should be shown under unbilled transactions right?

Now what happens is that if I want to show any proof for that transaction to someone else, I have nothing.

Also does this mean I have to pay that amount in this cycle or should O wait till i get the bill with the specified transaction?
1. Once processed it will appear in unbilled transaction. Unbilled + Total billed amount in last bill date should be equal to total credit limit blocked (excluding cash withdrawals).

2. Wait for a couple of days, else call up the bank or write to their customer care. Ideally it should have appeared in your unbilled transactions by now.

3. You need to pay the total amount due as per the bill generated. Once this transaction is billed in the next billing cycle you need to pay thereafter only.
 
#9
@prudent investor

In my case :

Total outstanding + Unbilled + Total billed amount in last bill date should be equal to total credit limit blocked.

I think the outstanding amount should be paid even though it is not in the billed statement.
 
#10
I got the information I was searching for.

Total outstanding amount is the amount that is yet to be claimed by the merchant. Once the merchant claims the purchase amount paid by the credit card, then only it will come under unbilled transactions.
 
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