Do you need to book a car for rent using a debit card? That is doable, but there are stricter requirements that must be met. These requirements exist because the best agency for car rentals Perth prefers that you pay using a credit card.
Then why do automobile rental agencies require credit card payments? Simply put, it’s much less dangerous for them. In this article, we’ll talk about how easy it is to rent a car with a debit or credit card.
Table of Contents
The Benefits of Credit Cards for Rental Car Businesses
When you rent a car, you leave with a priceless possession. If you mistreat the vehicle or fail to return it, the rental car business wants to have legal remedies. Rent-a-car agencies would prefer that you pay with a credit card because it assures them that:
- You have a legitimate identity and are a natural person. The credit card company has already investigated you.
- You will be able to cover the cost of the rental as well as any potential damages for your vehicle rental and even cheap car hire.
- Landlords trust renters with solid credit histories. An institution of finance gave you unsecured credit.
- If you pay for a rental car using a debit card and don’t return the automobile, the rental car business may need help collecting funds from you. You will return the car because you want your hold and deposit on your card refunded. Renting with a credit card increases the likelihood that the rental agency will be able to find you and recover your money.
- There are the best car rental deals available with credit cards. You can also rent luxury cars and vehicles from the most reputed car-rented places.
Credit Cards vs. Debit Cards
Some personal finance professionals advise against owning credit cards, not even for rental automobiles. Dave Ramsey claims there is never a need for a rental vehicle firm to do a credit check to rent a car. He always uses a debit card to pay for rentals without any problems. However, he warns that you should verify with the car rental company beforehand or utilize a ride-sharing service like Uber.
What’s the best justification for paying for a rental automobile with a credit card? Rental car insurance is typically offered through a credit card. Due to the likelihood that the renter has cheap rental car insurance coverage for any damage to the vehicle, this is good news for rental car firms. The rental car firm is aware that the credit card company’s insurance will cover any damage to the vehicle.
Requirements to Rent a Car with a Debit Card
A customer with a debit card can anticipate that all the leading rental car businesses will:
- Put an amount on the card as a security deposit you will receive back once the automobile is returned.
- Credit-check yourself.
- Demand several types of identification and maybe residence confirmation.
- Ask for insurance documentation.
- Demand evidence of prepaid travel There can be further limitations:
- depending on the payment method, additional age limitations
- limits for local drivers
- restrictions in major cities
- Agricultural bans
- limits on the type of vehicles
- additional limitations for drivers
Debit Card Policies at Major Rental Car Companies
- Avis Budget Group
Avis: Only renters at least 25 years old may use debit cards with the Visa or MasterCard logo. Debit cards may trigger credit checks. A premium vehicle cannot be rented using a debit card. Local authorities can add financial holds.
Budget: Places may utilize the national credit bureau for credit verification and demand a third identification document at the airport or outside. Debit cards might not be accepted at franchise stores.
Payless: The business has restrictions on the kinds of vehicles it can accept, requires a $350.00 security deposit, and has the right to perform a credit check. Even if the credit check is unsuccessful, the customer can use a credit card.
- Hertz Global Holdings
Hertz: Debit card users must be at least 18 years old, possess a current driver’s license, and present another form of identification. A soft credit check or a second accepted form of identification will be required when using a debit card. Locations increase the financial holds by the projected costs + $500. Throughout your rental, you won’t have access to those monies. You must also show a credit card in the driver’s name.
Dollar: Debit card users must be at least 20 years old, possess a current driver’s license, and possess another form of identification. A soft credit check or a second accepted form of identification will be required when using a debit card. At the beginning of a rental, both debit and credit cards are subject to an “authorization hold” for the expected costs + of $500; if you use a debit card, this sum will be locked up in your bank account during the rental. You must also show a credit card in the driver’s name.
Verdict
- The rental car business may keep security deposits for up to three weeks after the rental period has ended.
- Regarding billing disputes, debit cards don’t offer the same consumer safeguards as credit cards.
- Several credit cards offer insurance protection for a cheap rental car or the best car rental damage that a debit card does not. Renters may need to purchase it individually for rental car damage protection.
- Credit cards give the consumer a better chance to challenge charges than debit cards.
- If there is suspected damage following a rental, the rental car firm gets immediate access to the checking account.
So, whether you want to go for a go-get car rental, rent your car, find the best car rental company, or hire a family car for rent, credit cards have your back!
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