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Logo courtesy of CNBC
By Paul Brucker
Not long ago, the only way you could rent a car was by using your credit card – no ifs, ands or buts. If you asked to book your rental with a debit card or cash, you’d get a resounding “no way” for an answer.
Credit cards are still the universally accepted method of rental car payment and the most hassle-free. And in most car rental locations, you’ll have the flexibility to book the car with your credit card and when you return the car, pay with your debit card or cash. Today, many car rental agencies accept debit cards (and a small number accept cash) as payment before you drive the car out of the lot. But beware: Policies concerning non–credit-card rentals vary not only among agencies but often differ between branches of the same agency. So, you may need to call the branch first to make sure it accepts non–credit-card booking.
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