Understanding the Holding Fee at Excalibur
If you're planning a trip to Las Vegas and have your sights set on the iconic Excalibur Hotel & Casino, you're likely wondering about the financial details, particularly the holding fee. This fee, often referred to as a security deposit or a pre-authorization, is a standard practice in the hotel industry, especially on the Las Vegas Strip. Excalibur, like many other resorts, implements a holding fee to cover potential incidental charges during your stay.
What is a Holding Fee?
A holding fee is essentially a temporary hold placed on your credit or debit card by the hotel at the time of check-in. This isn't a charge that gets deducted from your account; rather, it's a pre-authorization that ensures funds are available should you incur extra expenses. These expenses can include:
- Mini-bar purchases
- In-room dining
- On-demand movie rentals
- Damage to the room or hotel property
- Unpaid resort fees
- Other miscellaneous charges incurred during your stay
The purpose of the holding fee is to protect the hotel against non-payment of these potential charges and to streamline the check-out process, as it eliminates the need to track down individual charges at the end of your stay. The held amount is released once you check out and settle your final bill, assuming no additional charges are applied.
How Much is the Holding Fee at Excalibur?
The specific amount of the holding fee at Excalibur can vary, but it is generally set at a consistent rate for guests. As of recent information, the typical holding fee at Excalibur is:
$150.00 per room, per stay.This amount is placed as a pre-authorization on your credit or debit card upon check-in. It's important to note that this figure can be subject to change by the hotel management. It's always a good practice to confirm the exact holding fee amount directly with Excalibur's reservations department or at the front desk upon arrival.
Payment Methods for the Holding Fee
Excalibur, like most major Las Vegas hotels, primarily accepts credit cards for the holding fee. These typically include major credit cards such as:
- Visa
- Mastercard
- American Express
- Discover
While some hotels may accept debit cards for the holding fee, it's crucial to understand the implications. When a debit card is used, the funds are actually deducted from your checking account. The release of these funds after check-out can sometimes take longer than with a credit card pre-authorization, potentially impacting your available balance for several business days. Therefore, using a credit card is often recommended for holding fees to avoid tying up your own funds.
Cash is generally not accepted for the holding fee at Excalibur.
When is the Holding Fee Released?
The holding fee is typically released by the hotel within 7-10 business days after your check-out date. The exact timing can depend on your bank or credit card issuer. Once released, the pre-authorized amount will become available in your account again.
If you have any outstanding charges that exceed the holding fee amount, you will be responsible for paying the difference at check-out. If your incidentals are less than the holding fee, the remaining balance of the pre-authorization will be released.
What About Resort Fees?
It's essential to remember that the holding fee is separate from the mandatory resort fee. Excalibur, like most Las Vegas hotels, charges a daily resort fee in addition to the room rate. This resort fee covers amenities and services such as:
- Wi-Fi access
- Fitness center access
- In-room coffee and tea
- Access to the pool and spa facilities
- And other services
The resort fee is typically charged per room, per night, and is payable at check-in or check-out. The holding fee is intended to cover potential incidental charges, while the resort fee is a mandatory charge for the use of hotel amenities.
Important Note: Resort fees are non-negotiable and are not included in the initial room rate shown when booking. Always factor in the resort fee when budgeting for your Las Vegas stay.
To get the most up-to-date information on the holding fee and resort fee at Excalibur, it is always best to check their official website or contact their reservations department directly before your arrival.
Frequently Asked Questions (FAQ)
How is the holding fee different from a charge?
The holding fee is a pre-authorization, meaning it's a temporary hold on funds, not an actual charge. The money remains accessible in your account, but it's earmarked for potential hotel expenses. A charge is a direct deduction of funds from your account.
Why does Excalibur require a holding fee?
Excalibur requires a holding fee to cover any incidental expenses you might incur during your stay, such as mini-bar purchases, room service, or potential damages. It acts as a security deposit to ensure these costs are covered.
What happens if my incidental charges are more than the holding fee?
If your incidental charges at check-out exceed the amount of the holding fee, you will be responsible for paying the difference. The hotel will bill you for the remaining balance.
How long does it take for the holding fee to be released?
The holding fee is typically released by the hotel within 7-10 business days after your check-out date. However, the exact time it takes for the funds to become available in your account can depend on your bank or credit card provider.
