When you rent a car from Alamo, Enterprise, or National at Cyril E. King Airport (STT) on St. Thomas, a security deposit hold will be placed on your credit card. Understanding how this works will help you budget for your trip.
What Is a Security Deposit Hold?
A security deposit hold is a temporary authorization placed on your credit card at the time of rental. It is not a charge — it is a hold that reserves a portion of your available credit to cover potential additional costs like damage, fuel shortages, late returns, or extra fees.
How Much Is the Hold?
The security deposit hold amount varies by rental brand and vehicle type but typically ranges from $200 to $500 above the estimated rental charges. Premium vehicles and luxury rentals may have higher hold amounts. The exact hold amount will be disclosed at the counter.
How Long Does the Hold Last?
The hold is released after you return the vehicle in good condition. However, your bank may take several business days — sometimes up to a week — to remove the hold from your available credit. Plan accordingly, especially if you have other travel expenses.
What Affects the Hold Amount?
- Vehicle type: Luxury and premium vehicles have higher holds
- Rental duration: Longer rentals may have higher estimated charges
- Insurance selections: Declining coverage may increase the hold
- Additional services: GPS, child seats, and additional drivers add to charges
Will I Be Charged?
If you return the vehicle on time, with a full tank of fuel, and in good condition, the hold is released and no additional charges are applied. You will only be charged for the rental itself and any optional services you selected.
Budgeting Tips
- Ensure your credit card has enough available credit for both the hold and rental charges
- Do not rely on the held funds being available during your trip
- Return the vehicle with a full tank to avoid fuel charges
- Inspect the vehicle before driving off to avoid damage disputes
- Return on time to avoid late fees