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I work on a policy where I preauthorise every guests credit card 48 hours prior to arrival date.
If the preauth goes through, brilliant, I can complete the transaction with a one night room stay even if the guest is a no show.
If the preauth does not go through, I mark the card as invalid on booking.com and the guest has up until 2 pm the next day - which is still 24 hours before arrival time to update the credit card or I have the option too cancel the booking.