Title: How Much Does Hertz Hold On Your Credit Card: An In-Depth Guide
When renting a car, it is common practice for rental companies to place a hold on your credit card to cover potential damages, additional charges, or any other unforeseen expenses. Hertz, one of the leading car rental companies, also follows this procedure. In this article, we will delve into the details of how much Hertz holds on your credit card and answer some frequently asked questions on the topic.
Understanding the Credit Card Hold:
A credit card hold, also known as a pre-authorization or a security deposit, is a temporary hold placed on your credit card during the rental period. This amount is not charged to your card but is simply reserved, ensuring that the funds are available if needed. Once the rental period concludes without any issues, the hold is released, and the funds become available again.
How Much Does Hertz Hold on Your Credit Card?
The amount Hertz holds on your credit card varies depending on several factors, including the rental location, type of vehicle, rental duration, and additional services opted for. Generally, Hertz holds an amount that covers the estimated rental charges plus a security deposit. The estimated rental charges include the base rental rate, taxes, fees, and any additional options selected.
For most rentals, Hertz typically holds between $200 and $350 on your credit card. However, it is important to note that this is only an estimate, and the actual amount may vary based on the aforementioned factors. Luxury or specialty vehicles may require a higher hold amount due to their higher value and insurance costs.
Frequently Asked Questions:
Q1: How long does Hertz hold the funds on my credit card?
A1: Hertz holds the funds on your credit card until the rental period concludes, and any outstanding charges are settled. After the rental is completed, Hertz releases the hold, but it may take a few business days for the funds to become available in your account, depending on your bank’s processing time.
Q2: Can I use a debit card instead of a credit card for the hold?
A2: Yes, Hertz accepts debit cards for the credit card hold. However, it is important to note that the hold amount may be significantly higher for debit cards due to the increased risk involved. Additionally, the release of funds may take longer, sometimes up to two weeks, as compared to credit cards.
Q3: What if I exceed the estimated rental charges?
A3: If your actual rental charges, including additional services and fees, exceed the estimated amount, Hertz may place an additional hold on your credit card to cover the extra costs. It is crucial to ensure that your credit limit allows for these additional holds to avoid any inconvenience.
Q4: What if I have insufficient credit limit on my card?
A4: In case your credit limit is insufficient to cover the hold amount, Hertz may refuse to rent the vehicle. It is advisable to contact Hertz in advance to discuss alternative options or to make necessary arrangements to increase your credit limit temporarily.
Q5: Can I use a different credit card for the hold and final payment?
A5: Yes, Hertz allows you to use a different credit card for the hold and final payment. However, it is essential to inform the rental agent during the pickup process to avoid any confusion or delays during the return.
Hertz, like many car rental companies, places a temporary hold on your credit card to cover potential expenses during the rental period. The amount held typically ranges from $200 to $350, but it may vary depending on various factors. Understanding the credit card hold process and being aware of the FAQs mentioned above ensures a smooth and hassle-free car rental experience with Hertz.