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How is this legal? Holds ought to be capped at the maximum payable for a transaction. Sounds like you've never rented a moving truck. Or a power tool. Or tried
by reaperducer 4y ago
How is this legal? Holds ought to be capped at the maximum payable for a transaction.
Sounds like you've never rented a moving truck. Or a power tool. Or tried to rent a car with a debit card.
- AussieWog93 4y agoLast time I rented a van, the hold was AU$500 (around US$300). Seems pretty crazy to put a $1200 hold on some phone repair gear.
- Nekhrimah 4y agoVans may be slightly harder to hide than phone repair equipment.
- sangnoir 4y agoI've rented all the items you've listed, plus construction equipment and hotel rooms, and none had this absurd cost:hold ratio. Notably, only the powertools were cheaper than the repair equipment in absolute terms. Having a difference of 2 orders of magnitude between card hold and actual fee is absurd and atypical. I cant imagine a $7,500 hotel room stay placing a $120,000 hold
- colejohnson66 4y agoThe $1200 amount comes from it being what the tools actually cost if you wanted to buy them. The hold is to bypass the whole “charge $1200, then return for $1150 credit” rigamarole. Doing that would affect your credit usage and could kill your score if it wasn’t returned before the card due date; A hold doesn’t.
- threeseed 4y agoYou can't steal a hotel room. You can't permanently damage a hotel room. The comparison makes no sense.