Renting a car payment and security deposit · Payment and security deposit in Renting a car

Payment and security deposit in Renting a car

Rental companies invariably require a mechanism to have a security deposit in case of damage, fines or even failure to return a car. Many operators require that they have a true credit card that they can make charges against, often rejecting debit cards that can have the money withdrawn from them. Usually a hold will be placed on a credit card for a security deposit amount. However. in many cases they mean a card with protruding card details text, i.e. number, expiration, cardholder's name (cards like Visa Classic or Mastercard)--as opposed to Visa Electron or Cirrus/Maestro. Renting with cash only is unusual, and your should check with the rental company that it is acceptable. If permitted it involves paying an amount of cash as a deposit roughly equal to your maximum liability which can be many times the cost of the rental. Some rental companies will accept payment for the rental in cash, as long as there is credit card available for the security deposit. The security deposit amount held is not usually fixed in your contract. If having part of your credit card limit held may impact some other part of your holiday plans, you should check with the rental agency.

The Most Frequently Asked Travel Questions about Renting a car

Pricing in Renting a car
Base price in Renting a car
Insurance Surcharges in Renting a car
Distance charges in Renting a car
Other surcharges in Renting a car
Choosing a car and optional extras in Renting a car
Booking and haggling in Renting a car
Delivering the car to your location in Renting a car
Payment and security deposit in Renting a car
Before you set out in Renting a car
Checking initial condition in Renting a car
Filling the tank in Renting a car
If the car breaks down in Renting a car
Returning a car in Renting a car
If you damage the car in Renting a car
Choosing an operator in Renting a car
See also in Renting a car

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Renting a car Travel Guide from Wikitravel. Many thanks to all Wikitravel contributors. Text is available under Creative Commons Attribution-ShareAlike 3.0, images are available under various licenses, see each image for details.

Payment and security deposit in Renting a car