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How much of a hold is put on credit card for car rental?

**How Much of a Hold Is Put on a Credit Card for Car Rental?**

When renting a car, it’s common for the car rental company to put a hold on your credit card. This hold is a pre-authorization that puts a temporary freeze on a certain amount of funds in your credit card account. The purpose of this hold is to ensure that the car rental company has a form of payment if you damage the rental car, return it late, or fail to refill the gas tank. The amount of the hold can vary depending on the rental car company, the location, the type of car, and the length of the rental, but it typically ranges from $200 to $500.

There are a few factors that can impact the amount of the hold on your credit card. If you use a debit card instead of a credit card, the car rental company may place a larger hold or require additional documents to verify your identity and financial stability. Additionally, if you choose to purchase additional insurance or add-ons from the rental car company, this can also impact the amount of the hold on your credit card. It’s important to be aware of these factors and plan accordingly when renting a car to avoid any surprises when you pick up the rental.

**Frequently Asked Questions About Holds on Credit Cards for Car Rentals**

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How long does the hold last?

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The duration of the hold on your credit card can vary depending on the rental car company, but it typically lasts until you return the car and the rental company confirms that there are no additional charges or damages. After you return the car, it can take a few business days for the hold to be released by your credit card issuer and for the funds to become available again.

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Can I use a debit card instead of a credit card?

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Some rental car companies allow customers to use a debit card instead of a credit card, but this may result in a larger hold being placed on your account or require additional documentation to verify your identity and financial stability. It’s best to check with the rental car company in advance to understand their specific requirements for using a debit card.

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What happens if the hold exceeds my credit limit?

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If the hold on your credit card exceeds your credit limit, this can result in declined transactions. It’s important to plan for this possibility and have an alternative form of payment available to cover any unexpected expenses during your rental period.

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Are there any ways to avoid the hold on my credit card?

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Some rental car companies offer the option to purchase additional insurance or waivers that can reduce or eliminate the hold on your credit card. It’s important to review the terms and conditions of these options to understand any potential impact on your rental agreement.

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