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You won't normally have to pay currency fees on credit cards for pre authorised payments, so provided the car is dropped off in the same condition as when you collected it, this excess amount is fully refunded to your card without anything additional to pay. Pre Auth means that the amount isn't charged to your card as a regular payment, it's held as a pending transaction until you return the vehicle. When you pick up the vehicle, the insurance excess is held on your credit card as something called a 'pre-auth' transaction. If the car is returned damaged, or it's stolen or written off, you'll have to pay up to the total amount of the excess. However, the excess on rental cars can be very high.
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The excess is the amount you'd be liable to pay if the vehicle is severely damaged, written off or stolen. This type of cover is known as Collision Damage Waiver (CDW).Īll of our rentals in Crescent City Mc Namara Field Airport come with collision damage waiver in the price displayed, there's also often an insurance excess, which is held on your credit card when you collect the car. Your rental car will already be fully covered for theft and accidents included in the rental fee you will see displayed on the website.
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