Last Updated on September 30, 2022 by Kristin

Like every other car rental company, Thrifty puts a hold on your credit or debit card when you rent a car. This includes the total cost of the reservation plus a security deposit. It covers situations such as late returns or additional fuel charges.

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When you book a car, two questions to ask are: How much will Thrifty hold on my card? And when will I get my deposit back? The answers depend largely on how you pay for your rental and the type of car you rent.

How Much Does Thrifty Hold as a Security Deposit?

Renting with Thrifty authorizes the company to put up to $200 as a hold on your credit or debit card. This is in addition to the estimated charges for your rental reservation. The actual amount can vary depending on the location. Be aware that you will not have these funds available during the time of the rental. Be sure to plan your trip budget accordingly.

When you bring the car back, Thrifty will charge your card for the total amount due. Then your credit card company will release the authorization hold.

When Does Thrifty Return Your Deposit?

Once you return your car in good condition and on time, Thrifty will return the deposit back to your credit or debit card. You can expect this process to take between five and 10 days, depending on your bank or credit card company.

If you rent with a credit card

When you rent with a credit card, Thrifty requires you to have enough credit available to cover the estimated rental reservation and up to $200 beyond that price. When you return the vehicle, the additional hold amount should be released within a few days.

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Let’s say you rent a car that costs $300 and the security deposit is $200. When you pick up the car, Thrifty would put a hold of $500 on your credit card. When you return the car, your credit card would be billed $300 and you would receive the $200 back within a few days.

NOTE: One way to avoid the $200 deposit is by joining Thrifty’s Blue Chip Rewards program and using a Visa-branded card. According to Thrifty’s rental requirements, this hold will not be applied when a cardholder makes his or her first reservation with a Visa card.

If you rent with a debit card

You can also secure your Thrifty rental with a debit card bearing the Visa, MasterCard or Discover logo, and the deposit is general