Variation of ‘how much does enterprise hold on credit card’
Are you planning to rent a car from Enterprise and wondering how much they will hold on your credit card? This is a common question for many people who are looking to rent a car from this popular rental-car.company. The amount that Enterprise holds on your credit card can vary depending on several factors, including the type of car you are renting and the length of your rental period.
Discover How Much Does Enterprise Hold On Credit Card
To better understand how much Enterprise may hold on your credit card, it’s important to know their policies and procedures. Here are some key points to keep in mind:
The Type of Car You Rent
The first factor that can affect how much Enterprise holds on your credit card is the type of car you are renting. If you are renting a luxury or premium vehicle, then the amount held will likely be higher compared to renting an economy or compact car. This is because luxury vehicles have a higher value, making them more expensive to repair or replace if any damage occurs during your rental period.
The Length of Your Rental Period
The duration of your rental period also plays a role in how much Enterprise will hold on your credit card. Generally, the longer you rent a car for, the higher the amount they will hold. This is because there is a greater chance for potential damages over an extended period.
Your Credit Card Limit
Enterprise may also consider your available credit limit when determining how much they will hold on your credit card. If you have a low limit, they may not be able to hold as much as someone with a higher limit due to potential overdraft fees.
Pros / Cons
Pros:
– Holding a deposit on your credit card can save you from having to pay for any damages out of pocket.
– The hold is typically released shortly after returning the car, so it does not affect your credit score.
Cons:
– If you have a low credit limit, this may restrict the type of car you can rent or the length of your rental period.
– In some cases, the hold may take longer to be released, causing temporary financial strain.
FAQs
Q: How much does Enterprise usually hold on a credit card?
A: The amount held can vary but is typically between $200 and $500.
Q: Can I use a debit card instead of a credit card?
A: Yes, but Enterprise may require additional documentation and may hold a larger deposit amount.
Q: When will the hold be released?
A: The hold is typically released within 24 hours after returning the car. However, it may take up to 10 business days for it to reflect in your account.
In conclusion, how much Enterprise holds on your credit card can vary depending on factors such as the type of car rented and length of rental period. It’s important to carefully read their policies and ask any questions before signing the rental agreement. By understanding this process, you can better prepare for your next car rental with Enterprise.