How Much Does Enterprise Hold on Credit Card?
Renting a car is a convenient and flexible way to travel, whether for business or leisure. When renting a car, most rental companies require a credit card to secure the reservation and cover any potential damages or additional charges. Enterprise Rent-A-Car is one of the biggest car rental companies globally, and understanding how much they hold on a credit card is crucial for budgeting and planning your trip. In this article, we will explore the credit card hold policy of Enterprise and answer some frequently asked questions.
Enterprise Credit Card Hold Policy
When you rent a car from Enterprise, they place a hold on your credit card. The amount they hold varies depending on several factors, including the location, duration of the rental, and type of vehicle. On average, Enterprise holds between $200 and $500 as a security deposit. This hold is in addition to the estimated rental charges and incidental expenses such as fuel, additional drivers, or optional equipment.
The hold placed on your credit card serves as security for Enterprise in case of any damages, late fees, or unpaid charges. The hold ensures that they can cover these costs without having to pursue the customer for payment. However, it is essential to note that the hold is not an actual charge. It is merely a temporary authorization that prevents you from using the held amount until the rental is returned and any final charges are settled.
The hold amount is released by Enterprise after the rental is completed, and the car is returned in the same condition as when it was rented. However, the release of the hold does not mean that the amount will immediately be available for your use. It may take a few business days for the hold to be lifted, depending on your credit card company’s policies.
Q: Why does Enterprise hold a deposit on my credit card?
A: Enterprise holds a deposit on your credit card as a security measure to cover any potential damages, unpaid charges, or late fees that may occur during the rental period.
Q: How much does Enterprise hold on a credit card?
A: Enterprise typically holds between $200 and $500 on a credit card, depending on various factors such as location, rental duration, and vehicle type.
Q: Can I use a debit card instead of a credit card for the hold?
A: Yes, you can use a debit card; however, debit card holds may vary from credit card holds. It is recommended to check with the specific Enterprise location for their policy on debit card holds.
Q: When will the hold be released from my credit card?
A: The hold will be released by Enterprise after the rental is completed and any final charges are settled. However, the time it takes for the hold to be lifted may vary depending on your credit card company’s policies.
Q: Can I avoid the credit card hold?
A: Unfortunately, the credit card hold is a standard policy for most car rental companies, including Enterprise. It serves as a security measure and cannot be avoided unless you choose to purchase additional insurance coverage that eliminates the need for a hold.
Q: What if I don’t have a credit card?
A: If you do not have a credit card, you may be able to use a debit card, but be aware that the hold amount and policies may differ. It is best to contact the specific Enterprise location to inquire about their debit card policies.
In conclusion, when renting a car from Enterprise, a credit card hold is placed on your account to cover potential damages, unpaid charges, or late fees. The hold amount typically ranges from $200 to $500, depending on various factors. It is important to familiarize yourself with Enterprise’s credit card hold policy and budget accordingly for your trip.