Cosmo security deposit

I'm booked 3 nights coming up at the cosmo. The lady on the phone told me they will charge $150 per night on our card for the security deposit, so $450 total for 3 nights. That seems high to me, isn't it usually like $150-$200 per stay?

 

That's right and on par with other hotels on their level

Palazzo is $150 per night

 

Absolutely correct! We booked 6 nights, so our "hold" on our card was $900. Not really a big damper as our credit line is high. And they wipe it clear after you check out of the hotel. We never saw it on our bill.

 

This is your most up to date listing of holds on debit/credit/cash fees on the strip. However, there is one inaccuracy on this list and that is at the MGM. They charge $300 on credit cards hold but the charge on debit cards is max $200 and its a hard charge.

http://www.tripadvisor.com/Travel-g45963-c144966/Las-Vegas:Nevada:Incidental.Holds.At.Vegas.Hotels.html

 

Thanks everyone, I just wanted to make sure I was understanding her right!

 

Sorry if I sound like a broker record.... but...

If this is on a charge card, and assuming you are not running close to your limit... it has no effect on anything. No cost. No issue. No nothing. You never even see it on your monthly statement. You will see it online.

We never really care how much they "hold". No big deal.


Now, a debit card... another story. Often an UGLY story.