How Much Does Hertz Hold on Credit Card?

How Much Does Hertz Hold on Credit Card?

When renting a car from Hertz, the company places a hold on your credit card for up to $200 plus the estimated rental charges. This hold covers potential additional fees such as late returns or fuel charges. If you pay with a credit card, Hertz will charge the full amount at the end of the rental, and the authorization hold is typically released within 24 hours.

For debit card users, a hold for the full rental cost plus a $500 security deposit is placed on the day of pickup, with the deposit usually returned within 24 hours, but funds may take 5 to 10 days to become available. Renting with cash involves additional steps and a $500 upfront deposit, which can be returned in cash if available or through a mailed check. It's crucial to monitor your transaction, check available credit, and review receipts to ensure a timely return of the security deposit.

Does Hertz Accept Your Credit Cards?

Yes, Hertz accepts credit cards as a method of payment for renting a car. While credit cards are preferred, they are not mandatory, and debit cards are also accepted in most cases. The use of a credit card provides benefits such as a quick and secure payment method, allowing Hertz to place a temporary hold on the card for expected charges and potential additional costs like late return fees.

When renting from Hertz, a credit or debit card, a valid driver's license, and additional documentation may be required. This documentation may include a valid passport or government-issued ID for age confirmation, proof of insurance if opting out of Hertz's coverage, flight details for airport rentals, and extra documentation for debit card payments, such as proof of address or a utility bill.

When Does Hertz Return Deposit?

Understanding the timelines for the return of your security deposit with Hertz is crucial, as it varies based on your payment method and involves considerations such as late returns or damage repair.`

Rent with Credit Card

If you choose to rent a car with a credit card, Hertz puts a hold on your account for the full cost of the rental plus the security deposit. When you return the vehicle, Hertz charges the full amount of the rental, and it typically releases the hold on the deposit within 24 hours.

For instance, if you rent a $300 car with a $100 security deposit, Hertz would put a $400 hold on your credit card. Upon returning the car, your credit card is billed $300, and you receive the $100 back within a day.

Rent with Debit Card

Renting with a debit card involves Hertz putting a hold on your bank account tied to your debit card for the full cost of the rental plus a $500 security deposit. The rental car company has the right to withdraw the security deposit from your bank account to cover late fees or damage repair. While the deposit is typically returned within 24 hours, it's important to note that, depending on your bank, it may take five to 10 days for the funds to become fully available in your account.

Rent with Cash

Renting a car with cash at Hertz is possible but more challenging. It requires extra paperwork and advance planning, along with an upfront deposit of $500. The return process of this deposit depends on the counter's cash availability; otherwise, it would be returned via a mailed check.

Customers opting to pay in cash must apply for a special identification card, incurring a $15 non-refundable processing fee, covering a modified credit check. This process can take up to a month. Regardless of the payment method, if there are delays in receiving your security deposit back, you can contact Hertz at 800-654-4173.

Related: Hertz Business Rewards

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What Are the Tips for Monitoring Your Rental Car Transaction?

Navigating a rental car transaction seamlessly requires vigilance; here are essential tips to effectively monitor and manage your financial aspects during the process:

Know the Hold Amount

Before confirming your reservation, inquire about the hold amount, comprising the rental cost and security deposit. Understanding this upfront helps you budget appropriately.

Check Credit Card Limit

Before picking up the rental, verify your credit card's available credit. If close to the limit, consider making a quick payment to ensure enough credit for the rental cost and deposit. Alternatively, use a different credit card to avoid issues.

Thoroughly Review Receipt

After returning the car, carefully review your receipt for any additional charges. Be vigilant about potential deductions from the security deposit and address any discrepancies promptly.

What Are the Documents Required to Rent From Hertz?

Renting a car from Hertz is a straightforward process, but there are a few essential documents you'll need to ensure a smooth experience:

Credit/Debit Card

• A credit card is preferred but not mandatory; a debit card is accepted in most cases.
• Debit card payments are accepted only if the card bears the same name as the primary driver.

Driver's License

• A valid driver's license is a must for renting a car.

Additional Documentation

• A passport or government-issued ID may be required for age confirmation.
• Proof of insurance if you opt out of Hertz's optional coverage.
• Flight details may be requested for airport rentals.
• For debit card payments, additional documentation like proof of address or a utility bill may be needed.
• Foreign visitors renting in the U.S. may need a valid international driver's permit (IDP) along with their domestic driver's license.