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Just How Much Does Thrifty Rent a Cars And Truck Hang On Your Card?

Like every other car rental company, Thrifty puts a hold on your credit or debit card when you rent a car. This includes the total cost of the reservation plus a security deposit. It covers situations such as late returns or additional fuel charges.

When you book a car, two questions to ask are: How much will Thrifty hold on my card? And when will I get my deposit back? The answers depend largely on how you pay for your rental and the type of car you rent.

How Much Does Thrifty Hold as a Security Deposit?

Renting with Thrifty authorizes the company to put up to $200 as a hold on your credit or debit card. This is in addition to the estimated charges for your rental reservation. The actual amount can vary depending on the location. Be aware that you will not have these funds available during the time of the rental. Be sure to plan your trip budget accordingly.

When you bring the car back, Thrifty will charge your card for the total amount due. Then your credit card company will release the authorization hold.

When Does Thrifty Return Your Deposit?

Once you return your car in good condition and on time, Thrifty will return the deposit back to your credit or debit card. You can expect this process to take between five and 10 days, depending on your bank or credit card company.

Thrifty-security-deposit-hold

If you rent with a credit card

When you rent with a credit card, Thrifty requires you to have enough credit available to cover the estimated rental reservation and up to $200 beyond that price. When you return the vehicle, the additional hold amount should be released within a few days.

Let’s say you rent a car that costs $300 and the security deposit is $200. When you pick up the car, Thrifty would put a hold of $500 on your credit card. When you return the car, your credit card would be billed $300 and you would receive the $200 back within a few days.

NOTE: One way to avoid the $200 deposit is by joining Thrifty’s Blue Chip Rewards program and using a Visa-branded card. According to Thrifty’s rental requirements, this hold will not be applied when a cardholder makes his or her first reservation with a Visa card.

If you rent with a debit card

You can also secure your Thrifty rental with a debit card bearing the Visa, MasterCard or Discover logo, and the deposit is generally returned within the same time frame as if you pay with a credit card.

But be aware that securing a rental car with a debit card comes with a few more requirements. For one, you will have to make the reservation more than 24 hours in advance. If you want to make a reservation less than 24 hours in advance or secure a luxury car with a debit card, Thrifty will ask for two forms of ID and proof of your travel plans.

You will need to have enough available funds in your bank account to cover the rental plus an additional deposit of $500. Be aware that, depending on your bank, it can take five to 10 days after your rental is completed for those funds to become available in your bank account.

If you rent with cash

It’s possible, though more difficult, to rent a car with cash at Thrifty. To pay a deposit using cash, you will have to apply for a cash deposit identification card. This process can take up to 30 days, and requires a $15, non-refundable processing fee for a modified credit check. This requires providing several pieces of information, including your previous employers, checking account information, annual income and more.

Regardless of how you paid for your rental car, if you don’t get your security deposit back from Thrifty within the expected time frame, call 1-800-THRIFTY (800-847-4389).

3 Tips for Monitoring Your Rental Car Transaction

To avoid cash flow issues when renting a car, follow these tips:

  • Before locking in the reservation, find out in advance how much the hold will be, which is the cost of the rental car plus the security deposit.
  • Before picking up the rental car, always be sure to check the available credit on your credit card. You can do this by calling the phone number on the back of your card. If you are close to your limit, you may want to make a quick payment so that you have enough available credit to cover the cost of the rental car plus the security deposit. Give yourself a cushion to be safe. If you are very close to your available credit limit and unable to make a payment before your trip, consider using a different credit card.
  • After you return the car, always look over your receipt to see if Thrifty added any additional charges that might be taken out of the security deposit. Keep an eye on your credit or debit card account to make sure you get your deposit back in full and in a timely manner.

 

Frequently Asked Questions

How much does a daily rental car cost in Europe?

We are unsure, but we think it is between $100 and $200 daily.

We recommend that you rent at most for two days. There are plenty of sights and activities.

Consider buying a vehicle with a price range of $2000-$3000 for those who plan to stay longer.

You can travel all over Europe on this way.

Also, check to see if your credit union offers rental discounts.

 

Can I rent a vehicle in Italy and have it returned to France?

It is possible to rent an Italian car and drive it all over Europe, but this may not be feasible. However, you could use a service such as Europcar, which offers rentals all over Europe. Contact them for details on renting cars in Italy, and dropping them off at other locations.

 

What documents are required to drive in Europe with a license?

You will need all documentation for each country you visit.

Additionally, you will need copies of your passport and driving license as well as an insurance policy. The policy should cover you while driving in Europe.

In some countries, you may also need to show proof of ownership of the car. This could be a bill of sale or registration papers.

Some countries require that drivers have a valid driver’s licence from their home country.

 

Can you rent a car in Europe with a US license?

It all depends on the country you are visiting. If you are going to France, for example, you can rent cars there but not if you want to go to Italy because they don’t accept US driver’s licenses.

 

What is the best way to rent a car for Portugal?

An international driving licence is required to rent a car in Portugal. You should also have proof of insurance and valid credit cards for payment purposes.

When making a booking, rental companies will often ask you for a passport/national ID card.

Portugal requires that you show two forms or identification to rent a car.

These are required by law to comply with the European Union regulations on road traffic safety. If you have any doubts about your identity, you could be denied access to the vehicle.

If you do NOT have an International Driving License, you will need to obtain a translated copy from the Driver Licensing Authority of your home country.

This document needs to be translated in Portuguese and must be presented along with any other documentation. Although the cost of this document will vary depending on where it is located, it generally runs between $20-30 USD.

If you don’t provide a copy or official translation, you could be denied access.

 

Is it possible to rent a car so that I can drive all over Europe.

Yes, you can. You’ll need an organized tour booking and separate payment for each day. These types of tours are available from many companies.

You might consider hiring a car through a primary travel agent if you want more flexibility. These agencies typically offer various services such as car rentals and city transfers.

They often partner with local suppliers that specialize in quality vehicles at competitive prices.

 

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External Links

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How To

Consider these things when renting a car

What are the things you should consider before renting a car?

When you’re looking for a rental vehicle, the following are important points to remember:

  1. There are many options for cars: small, medium, large and minivans.
  2. The type of vehicle will determine the rental cost. It costs $15 per day to rent small, compact vehicles. Larger vehicles cost more.
  3. Additional charges, such as mileage fees, will be added to the daily rental price.
  4. Extra fees will apply if you rent your vehicle.
  5. You can travel anywhere you want, at any hour of day, by renting a car. However, this option is subject to some limitations. You cannot rent a car in rush hour.
  6. Be sure to choose a model that suits your budget before you commit to buying a car. You should also check whether the car is equipped with air conditioning. This is especially useful during hot weather.
  7. Make sure you reserve the car you want in advance. Some people don’t realize they need one until the last minute.
  8. Safety features come standard in all rental cars. A blanket and first aid kit are still recommended for emergencies.
  9. You might want to add a collision waiver to your rental. You can save money by adding this waiver to your rental agreement.
  10. If you have special requirements, you can ask for them during the reservation process.
  11. Be sure to pack everything you own and bring your credit and ID cards.
  12. While driving, make sure you stay alert. Avoid distractions and remain focused.
  13. If you are involved in an auto accident, immediately contact the police.
  14. Once you finish using the car, make sure you turn it in. You will be fined if you do not.

 

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