What amount do car rental agencies block on credit cards? [closed]

I'm looking into getting a credit card for use in rental agencies in Europe and the US, which usually block a certain amount on your credit card before rental. However I'm not sure what credit limit I should be asking my bank for?

Do rental agencies usually block the rental amount or a predefined value such as $1000?

car-rentals payment-cards

Best Answer

In the US, most car rental companies authorize your card for the full amount of the rental when you pick the car up, plus a bit more (I often see them bump the amount by $100 on week long rentals).

I would look at your intended and potential car rental needs, guessimate your highest possible rental fee and apply for a credit line at least twice that amount.

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How much do car rental places hold on your credit card?

Many US rental car offices place a hold on your credit card when you pick up your rental vehicle. Typically, this amount is equal to your estimated rental charges plus the greater of a fixed-dollar amount or a percentage\u2014normally 15 to 25 percent\u2014of the estimated rental charges.

Which rental car company does not require a credit card?

Dollar. Dollar car rental has slightly more lax rules for renting a car without a credit card. You won't undergo a credit check and the company accepts debit cards for non-premium or luxury rentals as long as you book your car 24 hours before pick-up.

What do most rental cars require as a deposit?

Credit or Debit Card for Deposit. Budget will place a hold on your debit or credit card at the time of rental to cover estimated charges plus up to $300. Be aware that a debit card hold limits the amount of funds available in the account associated with your card.

Why do rental cars put a hold on your credit card?

Like all car rental companies, Enterprise will put a hold on your credit card or debit card when you rent a car. The hold is equal to the rental rate plus a security deposit. The company holds this sum to guard against scenarios like an accident, late return or additional fuel charge.

Rental Car Insurance: What your credit card does and doesn't cover

Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.

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