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It is recommended that you upgrade to the most recent browser version. Experian and the Experian trademarks used herein are trademarks or registered trademarks of Experian and its affiliates. The use of any other trade name, copyright, or trademark is for identification and reference purposes only and does not imply any association with the copyright or trademark holder of their product or brand. There are many reasons why a car rental company would rather rent to someone with a credit card than a debit card, but in general it boils down to this: Debit cards pose a higher risk for them.
Car rental companies have different policies regarding debit cards to begin with, and car rental agencies that are franchises often have a lot of leeway to set their own rules.
In a study by CreditCards. Most of the remaining 90 percent of agencies permitted customers to use a debit card, but required customers to meet at least one extra qualification requirement. About half put a large hold on the debit card as an additional deposit and 10 percent mandated a credit check. In most cases, rental car agencies that run a credit check are not looking for a magic number on a credit score but rather red flags such as delinquent lines of credit opened within the past several years.
One of those things is renting a car. Depending on your circumstances, renting a car might mean needing a credit check, which could lower your score. And the answer to avoiding that check might surprise you.
While renting a car is a little different than taking out a loan or a credit card, the same basic rules apply. If you have a history of paying your bills and your rent on time, you are very likely to also pay for your rental car without any issues.
There are two types of credit checks that can be run: hard checks and soft checks. A hard credit check pulls a full copy of your credit report from one of the three major credit bureaus TransUnion, Experian, and Equifax. Hard checks are also recorded on your report and will usually ding your score temporarily. In order for a hard check to be run, a company must have your express permission.
Soft credit checks, on the other hand, do not need your permission in order to be run. This is because soft checks return far less information than hard checks. Have this documentation available when you pick up the vehicle. Inquire About Age and Mileage Restrictions While these restrictions may also apply to those using a credit card, some rental car companies prohibit individuals who are under the age of 25 from renting a vehicle.
Apply for a Secured Credit Card As a last resort, you can apply for a secured credit card. The best way to circumvent the credit check requirement is to use a credit card.
Allison Martin is a digital content strategist and personal finance junkie. She also travels around the nation facilitating financial literacy workshops for nonprofits, governmental organizations, colleges and universities.
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