What Credit Cards and Debit Cards Do Budget Accept for Car Rentals?

What Credit Cards and Debit Cards Do Budget Accept for Car Rentals?

When it comes to car rental services, different companies have different policies, and by extension, different accepted methods of payment.

The most common payment method for car rentals is credit cards, next to which are budget car rental debit card, and then cash and other forms of payment.

Signage bears AVIS and Budget

The car rental service, Budget, is one of the most popular out there, and while they accept both credit and debit cards as payment, there are certain conditions that you should take note of with Budget car rental debit card.

It’s important to know what you would require and what you need to do to be able to use either of these payment methods, as well as which one you’re eligible for.

Before we go into details of the exact policies guiding the use of either credit or debit cards at Budget, there are some general policies regarding car rentals and payment methods that you might want to take note of;

  • Budget accepts pre-payment for their car rental service, and you can do this with either your credit or debit card.
  • When renting a car at Budget, you can’t use a debit or credit card that does not belong to you even if you have the owner’s permission. The card used must contain the same details as all your other documents.
  • Budget permits the use of credit or debit cards that are not issued in the U.S.
  • Irrespective of what card you want to use, Budget will put an authorized hold on your account to cover your estimated cost of the rent.

While these are general guidelines for your car rental payment at Budget, still, different locations have independent policies when it comes to acceptance and eligibility of using either credit or debit cards.

Here’s a breakdown of all the things you need to know concerning using your credit or debit cards for payment at Budget.

Budget Car Rental Requirements – Credit Cards

Budget car rental debit card requirements is different then using your credit card for car rental payment which is much straightforward.

Credit cards are accepted in all locations where Budget’s services exist, although additional requirements, as well as the charge to your card, might differ. The acceptable type and issuer of cards also differ across locations.

When it comes to using your credit card for payment at Budget, here are the things you need to know:

Smiling female driver

  • Authorized Hold

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.

  • Age

Using a credit card as your payment method is accepted by all Budget branches, for all ages (within their minimum age requirement).

Key on aacomputer keyboard

  • Card Type

This is where you have to pay attention. 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.

Debit Cards Requirement for Budget

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: 

Male driver holds key

  • 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.

  • 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.

Car key to a woman's hand

Budget Rental Credit Check

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.

  • Location

Budget has thousands of outlets, and not all of them accept debit cards as a method of payment.

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.

  • Airport

When it comes to car rental at airport locations, Budget car rental with debit card is also permitted in certain locations, although there are a couple of other verification documents that would be required.

You will be required to submit your passport, your round trip ticket with details, your insurance card, a type of utility bill, and your bank statement.

Lady driving a van

FAQ About Car Rental Debit Card at Budget!

What does Budget car rental deposit entail?

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.

What is the security deposit for a Budget rental car?

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

Can I rent a Budget 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.

Teenages at a game center

Why did Budget charge me $200?

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

Does Budget rental charge mileage for car hire?

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.

Does Budget car rental do a credit check?

Yes, it does. 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.

How much does it cost to add a driver to Budget?

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.

Exotic car interior

Do you need an additional driver when renting a car?

You do not need one. You only need an additional driver if you want to travel over a long distance and you need someone else to drive and they are not your spouse.

Does the additional driver have to be present at the rental Budget?

Yes, the additional driver has to be present during pickup to present their driving license.

How much does Budget car rental hold on a credit card?

The car rental company holds an amount equal to the estimated car rental cost and a security hold of between $200 and $300.

Happy couple on a road trip

Do Budget car rentals put a hold on your credit card?

Yes, they do. They put a hold equivalent to the estimated cost of the rental plus a security deposit..

Can I use my OpenSky credit card to rent a car?

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.

Budget Car Rental With Debit Card – SUMMARY!

When it comes to using your Budget car rental debit card, or credit card for car rental payment at Budget, you know pretty much everything after this article.

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.

Budget rent a car signage