But the hold does not become a charge until the morning of checkout? If I didn't have time to pay down my balance, I could still do it the night before checkout, correct? I just don't know how long a hold stays a hold and when it becomes an actual charge.
I don't think they'll do an actual charge every day. My take is they'll just do an authorization (hold) and will modify that amount to your balance+$100 every day. That's why a card is required for room charging after 2/27.
Or their card gets compromised and has to be replaced. Been there, done that. Several times now.
Not if you remember, no. We booked/reserved all of our European accomodations on a card that I KNEW was going to expire before our trip. The card's expiry date changed, not the number. I am seriously organized, but did NOT remember that I had to contact every hotel and update the card expiry date. Ugh, just ugh. It worked out, but anything that was payment due at check-in I had to contact them mid-trip after the first hotel when I realized what I'd done.
Not necessarily. Your banks automatic loss prevention programs may shut down your card if it sees multiple small $100 preauthorizations in one day, especially in Florida. With DVC, Disney already has recourse, forbidding the use of our points if there is a remaining balance. This may be good for those members that rent their points out, but for those of us that actually use our points for our own vacations, it can be a problem.
