If the hotel places the authorization on your credit card during check-in, you’ll get your money back more quickly. Worth noting, too, is that the MGM Grand refers to the security deposit as an incidental deposit. This difference lays the foundation for why your refund experience will be much easier if you put down your credit card for the incidental deposit. On the other hand, debit cards (even when used as a Visa or Mastercard) immediately pull from the cash you have in your checking account. Credit Cards Make for Easy Security Deposits & RefundsĬredit cards give you access to money you don’t have in your account at that moment, subject to your credit limit.
However, your experience getting the money back into your account varies widely depending on which card you offered for authorization. The MGM Grand processes security deposit refunds at check out.
