Does Budget Accept Debit Cards and What Are Their Card Policy?

Author: Rohan Paulos
Updated On:

When it comes to car rental services, different companies have different policies, and by extension, different accepted methods of payment. Now you are eager to know if Budget car rental debit card is real or active?

This become important because the most common payment method for car rentals is credit cards and few companies accept debit card with some strict policies. So does budget accept debit cards works, payment terms, location it’s allowed, different terms and policies?

This guide (read time is: 2 minutes), goes into details so much so that your doubt are cleared and facts are simply laid out.

Signage bears AVIS and Budget

How Does Budget Car Rental Debit Card Works?

Renting a car from Budget using a debit card works ideally for people who want to avoid rental on cash, as they might find it more convenient and efficient. Doing a car rental with debit card, Budget puts a hold on your card at the time. The amount covers the rental fee and other charges, which may go as high as $300.

The total amount decided at the beginning is then deducted from the debit card at the end of the rental period, lifting the hold for further transactions. So, if you want to use a debit card to rent a car from Budget, make sure you know where the company accepts these cards because not all locations allow it!

Does Budget Accept Debit Cards?

Yes, Budget does accept debit cards. If you want to rent a car on your debit card, the company will place a temporary hold on the card at the time of rental. It will then deduct the decided rental amount at the end of the rental period and lift the hold, making the process smooth and easy.

Moreover, a renter less than 25 cannot use a debit card for rental. They must present a credit card to Budget to get things in process. Also, some locations only accept credit cards, so make sure you check that out.

Male driver holds key

What are Budget Debit Card Policy and Requirements?

Unlike credit cards, Budget car rental debit card can be a little difficult. There are quite a number of boxes you need to tick before you can be permitted to use a debit card for your car rental. Here are the things you need to take note of if you are considering using your debit card for payments:

  • Authorized Hold

The minimum authorized hold that is required of you when using a debit card is another thing that differs based on location. However, like credit cards, the minimum is $200, although there are locations that charge up to $500. To determine the amount held, Budget calculates your estimated cost of rent and charges that to your account. The funds held cannot be accessible to you until vehicle return, your bank will then process it; refund can take up to two weeks before it is completely processed.

  • Age

Budget does not permit the use of debit cards as a payment method for drivers under 25 years of age. This policy is general and holds irrespective of location.

  • Card Type

The accepted debit card types are MasterCard and VISA. Both cards are accepted in any Budget car rental location that accepts debit cards for payment.

rent with cards

What is Budget Car Rental Deposit?

When renting a car at a Budget location, you should expect the company to put a hold on an amount equaling the estimated charges of your car rental plus a security deposit of about $300. In case the deposit is not used in any way, it will be reversed. The reversed deposit usually takes not longer than two weeks to hit your account.

How Much Does Budget Hold on Credit Card?

You will be required to authorize Budget to put a hold of some of the funds in your credit card. There is no fixed rate for how much hold would be put because it’s usually determined by your estimated total car rental charge plus 25% or $200.

What this means is that if your total cost is less than $200, you will be charged $200. However, if it is more, you will be charged the estimated cost. The funds withheld will not be accessible to you for the period of your rent and will be refunded based on your agreement upon the return of the car.

What is Budget Deposit Amount? 

What is budget car rental deposit fee? The security deposit for a Budget rental car depends on the location. It is usually $200 or $300 in most locations.

Car key to a woman's hand
How much is budget car rental deposit?

Does Budget Require a Deposit on Every Rental?

Yes, Budget does require a deposit on every rental. The type of deposit, its amount, and payment method will vary according to the company’s location.

If you use a debit or credit card to deposit money, Budget will place a hold on your card for a similar amount and deduct the complete balance at the end of the rental period. Thus, there is no exemption from the deposit amount when renting a car from Budget!

What is Budget Security Deposit and Does it Vary?

The Budget rental car deposit charged by Budget at the time of car rental ranges between $100 to $300, varying on the basis of the following:

  • Age of the car: Rental companies like Budget charge a higher security deposit for older cars as these are at a higher risk of breaking down and are unreliable.
  • Location: The deposit varies, so make sure you talk to the company in detail before sealing a deal.
  • Payment method: Renting a car using a credit or debit card may require the renter to pay a higher security deposit than paying cash.
  • Condition of the car: Cars that are damaged or prone to damage are charged a higher deposit at the rental time than those in newer condition.

These are a few factors that affect the amount of security deposit asked by Budget; hence, ensure to discuss it in detail before renting a car.

Lady driving a van

FAQ About Car Rental Debit Card at Budget!

Does Budget accept American Express?

Not all credit cards are accepted by Budget. Your issuer matters and the generally accepted credit cards are American Express, Discover, MasterCard, Visa, JBC/Japan Card, Optima, PHH, Budget International, and Budget Charge Card.

Please note that this list does not apply to all locations and as a result, some card types might not be accepted. You can check and confirm the accepted card types for your location on Budget’s Find My Location page. Generally, credit cards are easy and very non-technical to use for payment at Budget car rental.

Does Budget accept discover card?

Yes, Budget does accept all major credit and debit cards, including Discover cards. Some of the company’s rental locations may require them to run a quick credit check on the renter.

Does Budget do a credit check?

Yes, like other car rental companies, Budget does a credit check before allowing you to reserve a vehicle. The objective of doing a credit check is to assess your credit-worthiness.

For certain locations, a credit check will be performed on your account before you can be considered eligible to use a debit card for payment in Budget. Locations that do not use credit checks usually require additional documents in place of it. These documents include your passport, utility bill, bank statement, and other verification modes.

Exotic car interior

What is Budget car rental credit card hold?

Budget will put a hold equivalent to the estimated cost of the rental plus a security deposit. So how much is hold on a credit card fee? They holds an amount equal to the estimated car rental cost and a security hold of between $200 and $300.

What are Budget car rental payment options?

Budget offers you a variety of payment options. At the end of the rental period, you can pay the costs using your credit card, debit card, or cash, whichever mode of payment suits you the best.

Can I rent a car with a $300 credit limit?

Car rental companies including Budget usually do a credit check during reservation once they receive your details. They want your credit card to have a healthy available balance to rent a car to you. If your card has a $300 limit, it might be rejected in some locations  while in others it might be accepted.

Budget locations that accept debit cards?

Budget has thousands of outlets, and not all of them accept debit cards as a method of payment. Budget Atlanta, California do accept. Some state areas that do not accept debit cards include; Metropolitan NY Tri-State area, Hartford, CT, Philadelphia area, or New Orleans.

Please note that this list is not exhaustive and you can confirm if it is accepted in your exact location on Budget’s website.

Happy couple on a road trip

Why Budget rental car $200 deposit?

Budget charged you $200 if you kept your rental car longer than you initially agreed to do during reservation.

Is there budget car rental mileage limit?

Yes, Budget does charge mileage. However, the cost of mileage does not really matter because it is included in your estimated charge during reservation. In most cases, you get a set mileage allowance during reservation. If you go over the allowance, you will be charged for the extra miles.

How much is budget car rental additional driver?

It costs between $3 and $10 a day to add a driver in most states across the country. In some states, Budget does not charge for an additional driver.

Can I rent a car with Opensky credit card?

Yes, you can use an OpenSky credit card to rent a car in many businesses across the US. However, a number of businesses across the country do not accept OpenSky credit card.

rental car kiosk

Summary of Budget car rental debit card!

Now major and even minor facts about budget car rental debit card are now in your finger tips and how to take maximum advantage of debit cards payment and policy. The only thing you need to do going forward is to confirm which of these policies apply to your exact location, and you’re good to go.


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