Car Rental Credit Card Holds
If credit is the cause of the financial problems why do car rental companies insist on paying by credit card ?
How did customers pay before plastic credit was invented. Whats wrong with hard cash?
A credit card is required for deposit to ensure that the car rental company is paid for the rental. Basically, if they can freeze available credit on your credit card then they are guaranteeing themselves payment for the rental.
You can certainly pay cash when you return the vehicle, any any authorized funds that were held on your credit card will be released.
Some companies allow a cash rental, but it usually involves a large deposit and often a credit check.
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Could someone please explain car rental?
I know you pay for the ammount of days you want to use the car, but could someone tell me as the diposit do they just take the number off your credit card or do they charge an ammount and refund when car is returned?
At least, the full amount of the rental is charged on your credit card and held as a deposit until you return it. The car rental company may hold more if they have a minimum hold amount policy. If you wish to pay cash when you return, then the deposit will be credited back to your credit card.
Category Article Car Rental Policies
