this is so that the person renting the car does not take off without paying, this is their insurance
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None that I know of.
Alamo does not hold a deposit on car rentals when using a Credit Card. Cash payments require for a deposit of $500 plus all charges for the rental.
Car rentals require a credit card for payment because it serves as a form of security for the rental company in case of any damages or additional charges incurred during the rental period. It also helps verify the renter's identity and ability to pay for the rental.
Check you policy to determine if you have rental car insurance. Some credit cards also have rental car insurance. http://www.theglobeandmail.com/globe-investor/personal-finance/home-cents/do-you-need-rental-car-insurance/article1994097/
Yes, Car Rental Companies accept Secured Credit Cards. There are two types of cards. "Secured" and "Prepaid". Prepaid cards will be accepted at rental companies (or will be treated like a debit card). SECURE cards on the other hand are not like a credit card. The rental company has no way of knowing rather the card is secured or not.All secured cards say "debit", and have a Visa, Mastercard logo, etc. However, as with any credit card (secured or su-secured), they will take a deposit out on the card that covers the rental fee for your expected term. This will not be "charged", but "held" to your card until you return it, at such a time you can choose to authorize the payment to go through or pay the balance with a debit card, allowing the hold on the credit card to release.
Most rental car companies will not accept pre-paid debit cards for a car rentals. Most companies will accept standard debit cards and all will accept credit cards.
The Enterprise Rental Car will requre a credit card, which the reason for this is people would put down a cash deposit years ago, then drive the car into Mexico, where they have no car titles.
This varies from place to place. Foreign persons must produce a Passport in California. Most places require a credit card to secure the rental. Most Countries require the renter be over 25 years of age.
In the United States, most rental car places do not require a cash deposit - unless your history with them is dismal. Rental car companies prefer having a credit card number on file - this allows them to add additional charges to your bill if you don't adhere to the contract you signed. For instance, if the car comes back dinged or dented, the rental car company can charge the repair cost to your credit card number. If you refuse to pay, that's between you and the credit card company - the rental car company will be paid by the credit card company unless you protest the charge as fradulent.
Most major rental car companies require drivers to be at least 25 years of age and have a major credit card.
Examples of unsecured credit include credit cards, personal loans, and student loans. These types of credit do not require collateral, such as a house or car, to secure the loan.
Yes, you can typically rent a car with a secured credit card, as long as the card is accepted by the rental car company and has enough available credit to cover the rental costs.