How Much Does U Haul Hold on Credit Card

When it comes to moving, U-Haul is a popular choice for many people. Whether you are moving to a new home or just need to transport a few items, U-Haul provides a convenient and affordable solution. However, before renting a truck or trailer from U-Haul, it is important to understand their credit card hold policy.

The amount that U-Haul holds on your credit card will vary depending on the type of rental and the duration of your reservation. In general, U-Haul will place a hold on your credit card for the estimated rental charges plus a specific amount for incidentals. The incidental amount is typically around $100, but it can vary.

For example, if you are renting a truck for one day and the estimated rental charges are $50, U-Haul may place a hold for $150 on your credit card ($50 for the rental charges and $100 for incidentals). This hold is placed to ensure that you have enough funds available to cover any additional charges that may arise, such as fuel or damage fees.

It is important to note that the hold placed on your credit card is not an actual charge. U-Haul will only charge your credit card for the actual rental charges once you return the equipment. The hold will typically be released within a few days after returning the rental, but it may take longer depending on your bank’s processing time.

Here are some frequently asked questions about U-Haul’s credit card hold policy:

1. How long does U-Haul hold your credit card?

U-Haul holds your credit card until you return the equipment and the rental charges are processed.

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2. Can I use a debit card instead of a credit card?

Yes, U-Haul accepts debit cards, but they may place a larger hold on your account compared to a credit card.

3. Can I pay with cash instead of a credit card?

Yes, you can pay with cash, but you will still need to provide a credit card for the hold.

4. Can I use a prepaid credit card?

Yes, U-Haul accepts prepaid credit cards, but they may require a larger hold amount.

5. What happens if I don’t have enough funds on my credit card?

If you don’t have enough funds to cover the hold amount, U-Haul may refuse to rent the equipment to you.

6. Can I use multiple credit cards to cover the hold?

No, U-Haul only accepts one credit card for the hold.

7. Will the hold affect my credit score?

No, the hold does not affect your credit score as it is not a charge, but rather a temporary authorization.

In conclusion, U-Haul places a hold on your credit card for the estimated rental charges plus an incidental amount. This hold is released once you return the equipment and the charges are processed. Understanding U-Haul’s credit card hold policy is essential to ensure a smooth and hassle-free moving experience.