Ace rental car typically places a credit card hold for a deposit that includes a security portion of $400 to $500, plus the estimated total rental cost, making the total hold higher. Local renters or high-value vehicles may require holds up to $1,000. A major credit card in the renter's name is mandatory; debit cards usually aren't accepted for deposits without extra steps.
This deposit is a temporary authorization on your credit card at pickup, not a direct charge. It covers potential extras like fuel, tolls, or damage. The exact amount varies by location, vehicle type, and renter profile. For instance, at Los Angeles International Airport (LAX), local residents often face a $1,000 hold and must show proof of insurance. Similar policies apply in other major cities for luxury or SUV rentals.
Key factors influencing deposit amounts:
- Vehicle Class: Economy cars might have lower security deposits, while premium models can double it.
- Renter Status: Local renters (those with same-state IDs) frequently encounter higher holds due to risk assessments by rental companies.
- Rental Duration: Longer rentals increase the estimated cost portion of the hold.
- Location: Airport branches often enforce stricter policies compared to suburban outlets.
Industry data from rental car filings indicates that security holds average $500 for standard bookings, but the total authorization commonly ranges from $800 to $1,500 when rental fees are included. For example, a week-long rental of a midsize sedan could see a hold of $1,200 if the security deposit is $500 and the rental cost is $700. Ace aligns with these norms, though specific franchises might adjust based on local market conditions.
| Scenario | Typical Deposit Hold (Security + Rental Cost) | Additional Requirements |
|---|
| Standard Rental (Tourist) | $400-$500 security + estimated rental | Major credit card only |
| Local Renter at LAX | Up to $1,000 total hold | Proof of insurance, credit card |
| High-Value Vehicle (e.g., SUV, Luxury) | Up to $1,000 or more | Credit card, sometimes higher age minimum |
| Debit Card Users | Varies; often not accepted for hold | May require prepaid voucher or extra insurance |
The hold is released after vehicle return, provided no additional charges are incurred. Credit card releases usually take 3-10 business days, depending on your bank. To avoid surprises, confirm the exact hold amount with your specific Ace location before booking. Market records show that deposit policies are updated annually, so checking current terms is crucial for accurate budgeting.
Always use a credit card with sufficient available credit. If using a debit card, expect stringent checks, such as verification of return travel tickets or higher cash deposits, which Ace generally discourages. Remember, these holds reduce your available credit limit, so plan your finances accordingly. Policies can change, so direct consultation with Ace or review of their latest rental agreement is recommended for the most precise figures.
