How much money do rental car companies authorize on your credit card as a security deposit?

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Anonymous

I'm considering taking a vacation at some point however I don't have a credit card. I do have an ATM & Check card tied to my checking account. When rental car companies authorize your card so you can rent a car, how much do they authorize? And I assume these funds would get tied up so I couldn't use them for anything else until after I returned the car in good condition?

Answer
This website will provide a lot of help in answering your question.

http://www.creditcards.com/credit-card-news/tips-rent-car-debit-credit-card-1268.php

Then, take a look at this one also.

http://www.creditcards.com/credit-card-news/paying-for-rental-car-with-debit-card-1276.php


One more for the road. This is a YahooAnswers.com answer. Here is the link for you.

http://answers.yahoo.com/question/index?qid=20090708071127AALZ8pJ


Hope this helps.

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Answer
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