Quote:
Originally Posted by rio2003
I may be wrong, anyone who knows different please correct me, but it is impossible to rent a car (from a reputable company) without leaving a major credit card as deposit. How else are they going to ensure payment in the event of an accident?
What I do is give them a card with the least credit limit on it that I can get away with and notify the card issuer of the amounts that should be authorised.
Rio
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You can hire a car with a visa debit card no problems, I have done so many times. The reason I said I would not use a Credit card and prefer a debit is because the amount is limited to funds you already have ie it is not credit.
If you are a victim of fraud on a CC it is "credit and comes with high interest rates. Even if you manage to convince the card company that it is a fräud it can take months to resolve. This will appear on your credit report as a borrowing unless the CC company agrees to remove it pending investigation.
If you are applying for a loan or mortgage it could be a problem. In my case I had a fraud under investigation for 9 months for over 40,000 US dollars,Not here in the DR admittedly.
I like the idea of the Cards you can load with money instead of travellers cheques as a better and safer way to travel too.
Skippy1