Continuing this week’s theme of rental car tips (here’s Monday’s and here’s Tuesday’s), today I’m sharing what may be my number-one tip for anyone searching for a cheap rental car: Keep checking the prices, even after you’ve made a reservation. Rates change all the time, and if your booking is refundable (that’s usually the default or an available option), you can always cancel your original reservation and book again at the lower rate.
Just make a refundable reservation and keep checking as you get closer to your pick-up date. If the price drops, make a new reservation and then cancel the original. I did this three times recently on an Avis rental I made via Costco Travel and it saved me enough money to buy my baby a new pair of shoes. Below is a screenshot of a booking I canceled and a screenshot of the cheap rental car rate I ended up with after rebooking.
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On a somewhat related subject… check any hotel reservations you make using Chase points as these have a tendency to fluctuate as well. The farther a head you make the reservation, the bigger chance you have of seeing movement in the price (both directions)