How no-deposit rental works
- Choose DepositFree at booking (or just ask our team) instead of leaving the standard deposit.
- Cardoo issues a guarantee to iRent that covers your deposit amount — so we're protected without holding your money.
- Pick up with no big hold — you pay only a small daily fee and keep your funds free for the trip.
Standard deposit vs. DepositFree
| Standard deposit | DepositFree by Cardoo | |
|---|---|---|
| Upfront hold | $250+ frozen on your card | None |
| Your cash | Tied up for the whole rental | Free to spend on your trip |
| Release time | Refunded ~7–10 business days after return | Nothing to wait for |
| Cost | Refundable hold | Small non-refundable daily fee |
| Best for | Short local trips | Debit & international renters, longer trips, tight cash flow |
Why go deposit-free
- Keep your cash free — spend it on your trip, not a frozen hold.
- Great for debit-card & international renters, who feel a big hold the most.
- Ideal for longer & monthly rentals, where deposits are largest.
- No 7–10 day wait for a hold to bounce back to your account.
What you're still responsible for
DepositFree covers the deposit guarantee — not your driving responsibilities. You remain responsible for tolls, fuel (same-to-same), traffic fines, and any damage, just like a normal rental. Want damage protection too? See our coverage guide.
💳 New to how deposits work? Read car rental deposits explained first.
Frequently asked questions
Can I rent a car in Miami with no deposit?
Yes. iRent offers a DepositFree option powered by Cardoo that replaces the standard security-deposit hold with a small daily fee, so no large amount is frozen on your card.
How does DepositFree by Cardoo work?
You choose DepositFree at booking. Cardoo issues a guarantee to iRent covering your deposit, and you pay a small daily fee instead of leaving a hold. You keep your cash free.
How much does no-deposit rental cost?
Instead of a $250+ hold, you pay a small daily fee — typically just a couple of dollars a day, scaled to the deposit and rental length. Ask us for your exact rate.
Am I still responsible for damage with DepositFree?
Yes. DepositFree covers the deposit guarantee, not your responsibilities. You're still liable for tolls, fuel, fines, and any damage, so consider adding damage coverage.
Can debit-card or international customers use no-deposit rental?
Yes — DepositFree is especially useful for debit-card and international renters, who feel a large hold the most. iRent already accepts debit for international customers.