What is Provision?
Defines the pre-approval process of the credit card expenditure that is provisioned. Transaction security and limit for spending can be controlled through provisioning without reflecting on the account statement. The reserve for the payments made is approved by the banks during this waiting period and thus stolen cards, suspicious transactions, etc. The security of credit card users is ensured against situations.
What is Credit Card Provision?
It is the pre-approval process in which the credit card provisioned expenditure is submitted for user and bank approval. In this process, the user controls the amount of his expenditure and intervenes in the process in case of any problem.The transactions in the provision are also examined by the bank and reflected as the amount of the expenditure made in the "credit card movements" section after approval.
To access the Pre-Provision document click here