Budget Credit Card Hold Policy

by Jack Ori ; Updated July 27, 2017

Most vehicle rental services require a credit card on file before you can rent a vehicle. Rental services place a hold on your credit card in the amount of the deposit and release the hold when you actually pay for the rental. You cannot access the held funds until the rental company releases them. Budget Rentals puts a hold of $100 to $500 on your credit card, depending on the type of vehicle you rent and the individual location's policies.

Rental Deposit

Budget places a hold on your credit card for a deposit based on its estimation of your rental costs. When you return the vehicle, Budget charges you the amount that you owe and releases the funds it held on your card. As of May 2011, Budget places a hold of at least $200 on your credit card. If the total estimated charges plus 25 percent of the estimated charges is greater than $200, Budget uses that figure as your deposit instead.

Debit Cards

Budget prefers to place holds on credit cards rather than debit cards; however, some Budget locations accept debit cards for deposits. If you use a debit card, Budget places a hold on your card of the estimated rental costs plus $200. As with credit cards, Budget releases the hold on your debit card when you return the vehicle and pay the actual rental charges. Even if you must use a credit card to rent your vehicle, you may be able to pay the rental charges with your debit card upon return. Renters must be over the age of 25 to use a debit card.


Budget may have different deposit requirements for certain types of rentals. In addition, individual Budget locations may have different rules for the minimum deposit. In general, if your vehicle rental is covered by your auto insurance or you prepaid for your rental, Budget holds a minimum of $100 on your credit card. Some Budget locations place a minimum hold of $500 rather than $200 on vehicle rentals.

Truck Rentals

If you rent a truck, Budget places a minimum hold of $150 on your credit card. If you plan to drive the truck one way and return it to a Budget location at your destination rather than returning the truck to the same location you got it from, Budget places a hold on your credit card of $150 plus the estimated total cost of your truck rental.

About the Author

Jack Ori has been a writer since 2009. He has worked with clients in the legal, financial and nonprofit industries, as well as contributed self-help articles to various publications.