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- Renting in a city can also mean a bigger hold. When we priced out renting an economy car in downtown Boston, the rental cost came to about $300 with a $250 deposit. In this case, the total hold would be $550. - Source: Internet
- It’s more difficult to rent a car with cash only. Some Enterprise locations will accept payment via cash or a money order but only with a pile of documentation. This includes proof of insurance, two utility bills, personal references, a paycheck stub and a same-state driver’s license. You must pay the entire cost of the rental when you pick up the car, plus a minimum deposit of between $100 and $300, depending on the location. - Source: Internet
- Let’s say you rent a car at an airport. If the rental costs $300, the security deposit would be $60. When you pick up the car, Enterprise would put a hold of $360 on your credit card. When you return the car, the hold is released and, provided there are no extra charges, your credit card will be billed $300. - Source: Internet
- 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. - Source: Internet
- NOTE: If you pick up a rental car at an airport and cannot produce a return airline ticket, Enterprise will hold an additional $200. Your credit card would be charged 120% of the rental charge plus $200. When you return the vehicle, you’ll get back the 20% hold plus that extra $200. - Source: Internet
- Before picking up the rental car, check the available credit on your credit card. Use the phone number on the back of your card. If you are close to your limit, make a quick payment to pad your available credit so you can cover the full cost. Give yourself a cushion to be safe. If you are very close to your available credit limit and can’t make a payment, consider a different credit card. - Source: Internet
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