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It is commonly assumed that you have to be at least 25 years old to rent a car, but this is not the case. In the U.S., the minimum car rental age is 21. Drivers aged 21 to 24 will incur a rental agency fee. Some car rental agencies will require a driver's license from the same state as the rental location.

In early July, the average rate for a one-day rental of a midsized car booked a week in advance from an airport location was $99.81, up from $75.96 a year ago. That extra $23.85 per day can put a real dent in your vacation budget.

AAA has some criteria that the renters must meet when using AAA car rentals. The requirements include the renter to meet the Dollar minimum age and must meet credit and driver requirements.

You will need valid driver's license and credit card to rent a car. Most companies won't let you rent a car if you don't have a credit card. Others might ask you to make a monetary deposit. And most companies require that all drivers are at least 25 years old.

Offer rate of $9.99 per day applies to an Economy or Compact car rented on Friday and ending the following Monday, and includes 100 miles per day.