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Priceline Ends 'Name Your Own Price' for Rental Car Bookings
March 26, 2018
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2 min read
Priceline Ends 'Name Your Own Price' for Rental Car Bookings
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Starting Monday, Priceline will no longer offer the "Name Your Own Price (NYOP)" tool for car rentals and will offer express deals to take place of the NYOP feature.
With the NYOP model, Priceline allowed customers to make a suggested price and land a good deal for airfares, rental cars and hotels. For car rentals specifically, customers could choose a price, location and car type, and Priceline would find a quality rental car based on the suggestion.
The online travel agency will now offer express deals that will provide up to 40% savings, and the new process will be easier and faster, Bill Jose, senior vice president of rental cars at Priceline.com told USA Today.
"With rental cars, we have seen the consumers prefer Express Deals, and as a result we chose to make this switch," Jose said. "The main benefit to consumers with this switch to Express Deals is with speed. Name Your Own Price for rental cars required consumers to bid and wait. With Express Deals, those steps are eliminated."
In 2016, Priceline ended its "Name Your Own Price" for flight tickets. Priceline will continue to offer the NYOP tool for biding on hotel rooms.
"Priceline.com does not have plans to move away from Name Your Own Price for hotels," Jose says. "Travelers see value in that offering and continue to book millions of deals at prices that are not available elsewhere."
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H/T USA Today
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Best for businesses with high spending
TPG Editor‘s Rating
Go to reviewCard Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
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Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
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- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
- Top rated mobile app