It may sound counterintuitive to lease a car in the first place, but if you’re paying $20 a month on your credit cards, it’s worth checking.
Here are some things to consider.
Car rental sites have gotten more crowded over the last few years, but they still account for more than half of all car rentals.
So what are you going to do if you don’t want to pay $20 for your car rental?
The good news is that some credit card companies will let you rent a vehicle with a credit card.
The bad news is, most of them will only offer you the option of a rental agreement.
That means that if you’ve got a car that’s already been rented, you may not be able to rent it without signing a rental contract with a car rental company.
So how do you find out if a car will rent you?
Find out whether you’re eligible for a credit-card-only lease or a credit car lease.
First, check if your credit is active.
The easiest way to do this is to call your credit-monitoring company to see if it’s been reported as a credit problem.
If it’s not, you can still apply for a car lease with a card.
If you can’t find a credit monitoring company that can report you as a problem, contact the credit-reporting agency that has the most recent information for your credit.
To learn more about car leasing and rental agreements, check out the following articles: What is a credit check?
Why should I trust my credit score?
How to tell if a credit report is legit?
How much is a car-rental contract worth?