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I don't know how deep the debt on credit card gambling is today until I do my own research and mehn, and it's very sad, many people are in debt because they keep using their credit cards to fund their gambling hunger.

Imagine someone you know telling you that it will take him 12 years to pay off his debt, I now know why few countries don't want their citizens to gamble using their credit cards,  betting on credit cards has left too many people in thousands of debt.

Which makes me think that Credit card is far more helping to fuel gambling addiction more than anything else, you don't actually have the money, but you can still gamble, this alone will make people to lose their minds and gamble anyhow.

I'm glad I don't even like using Credit cards for gambling and my reason isn't even because of possible reckless gambling but because I don't like centralized payment solutions, you should stay away from using Credit card to gamble online, it sure would easily throw you out in the street, homeless.

I really appreciate my country for not implementing that to her citizens because if that was allowed i can't even imagine how the people in the country could had cope to finished up their debts, credit card isn't only applicable to people gambling but also shopping. People who goes for shopping might shop above their expected wages or salaries per say but would depends upon their next month payment or salaries to be deducted through there which is a very bad habits compared to gamblers, and one thing about gambling is that it has a very bad spirits or habits whereby whenever you funds your accounts and its happens that the funds were sweeps off you don't have any other options to funds back using credit card on other to recover the previous lost funds by so doing they are involving themselves in serious debt whereby it could be very difficult to payback.

Other countries have probably already banned it, with the latest being Australia.

 Australia publishes legislation to enact credit card gambling ban (https://igamingbusiness.com/legal-compliance/legal/australia-credit-card-gambling-ban/)

For me, it's not the credit card system that should be blamed; it's always on the gambler. Actually, not all gamblers who use credit cards are addicted to gambling. I think only a few are addicted, so with the ban, it will sacrifice those who are responsible. It's not fair in my opinion.

People who have been blessed with some kind of opportunity always misuse it. This is just common in some parts of the world, where the government tries as much as they can to make things easier for their citizens in order for them to live a stress-free life and make things easier for them to survive in the economic situation of their country.
 
But it's really saddening and heartbreaking to see how most people use their credit card eligibility loan to gamble their lives out. Ordinarily, I don't support taking money from someone just to gamble a single game, which the person might not require you to pay back with interest. Talk more about using one's credit card to acquire a loan and using that same loan to bet on a gambling platform.

This is really annoying because this kind of debt repayment is always painful since the person does not use the money for anything useful, but they use it all for gambling rather than investing those funds in things useful, and they can use their earnings to gamble and try out their luck if they can win some free money.
 
@MainIbem Even though our country doesn't give us such opportunities to take loans directly from our cards (we don't have much of a credit card active here in our country), there are still some loan apps that most gamblers still take loans from and use those funds to gamble, something of which they are not entirely sure of the outcome yet will borrow to do it.
 
 
 

Well, as long the credit-card can be use for gambling activity / withdraw to raw cash. This case still happening, but company is always chasing profit they don't care about what purpose you are gonna to use the fund & user should responbility of them self. It's hard, but the reality is just like that even we all know a perfect system to prevent this (user are still gonna to find the way to use the fund for gambling).

The credit cards have limits and despite they may be the first option for many to fuel their gambling desire they are not infinite and the money there ends,sure people keep being in debt because as soon as they receive the new payroll the next month they pay a certain amount of it to only have it available to spend on whatever they like.This depends solely on the person but we know most people who gamble in FIAT casinos use this form as their primary mean of payment and this unfortunately cannot be stopped.

I am lucky to have set a small limit on my credit card so even if I want to gamble with it I can't gamble a lot of money,I like being free though and I only play in crypto casinos because of their flexibility in everything.

I feel like using credit cards in general fuels spending sprees. For many years I opted not to apply and to accept bank credit cards until a friend offered me to use a card which is both my passbook card and at the same time can be used as a credit card. I am a thrifty person so I seldom use its credit card feature. Personally, it is just so easy to buy anything online or at the malls once you are using a credit card instead of budgeting the available cash in your pocket. So how much more when someone uses it to gamble. The urge to continue playing and the mindset that its interest is just a little like around 3% monthly but in reality, it is higher than a regular bank loan.

That's a trap for most people that don't know how to use credit cards. It is not only the gamblers that uses their credit card to fund their casino accounts but also those that keeps on swiping without paying their debt at the right time.

They think that they'll be able to pay it on time so, they're confident to just keep on using their credit cards on any purpose that they like and one of it is in gambling.

It is sort of exaggerated about paying a debt for 12 years but trust me, I've known people that can't even pay their debts for more than that year and even asking for condonation and restructured payment, they still can't. That's why irresponsible usage of it will really put you on greater debt.

Well, this is on the gambler themselves. Whether they have credit card or cash, as long as they have the urge to gamble, they will gamble no matter what. Let's take a look at those gamblers that don't have anything but still want to gamble, they do something to sustain that crave they have for gambling.

Although there are too many perks that one can enjoy by owning a credit card, I choose not to own one since we're free to apply for it and the bank will just have to release it then.

I've just seen it from others that when they have it, they're like unstoppable spenders whether it's for gambling or other things they want.

I find it strange how some members called the policy of the Australian Government to ban credit card usage in online gambling. They called the move as stupid and even made fun of it. They justify that it decreases the potential taxes to be collected but they didn't realize the effect of gambling on credit to the gambler. Now we see this thread that addresses it.

I thought casinos didn't accept credit card if there is no money in the card. And from what you said, this will be a very bad practice by the gamble. And if casinos accept credit card to play games then addicted gamblers would misused and over used the privilege. As the Op said, they would be on debt throughout their life and paying debt. Things like would make the gambler to have hope that he would win big to pay back his debt and unknown to him that he will be indebted deeply with credit card gambling. This is not really good for the gambling space because they are creating more poverty in the society and making people more reckless. I have not used it before so I don't how it works. And I don't it is because this countries ban gambling. From what I heard Countries ban gambling because of the rate "suicide and high rate of crime". When they have finished everything they would have used to start life, they would prefer to die than living.

That's what makes me not like using a credit card because there is a responsibility after using the credit card where we have to pay the money we used at the beginning of the month. I have seen someone who was required to pay a very large credit card bill with interest and it was almost past the maximum limit even though his salary was not as big as the money he used. This incident often happens to employees.

Most of them started using credit cards because many of their friends already used them and they joined in making credit cards. They don't read the terms and conditions of the credit card company and just agree to it and start using it. A friend of mine also uses a credit card to deposit money into his gambling account but is lucky to be able to manage his finances well so he doesn't mess it up. But I always remind him to stop using credit cards immediately before he exceeds the limit, especially since he is getting married at the end of this year.

And it's not surprising that many people are in debt because they can't pay their credit cards at the end of the month. After all, their usage is so high. And for those of you who want to register with a credit card company, you should refrain from doing so, especially if you don't have good self-control in using the card.

If a credit card has certain limits, maybe you won't have a lot of debt, but unlike my country, most of the time in my country there are more online money loans, so more people take that method than credit cards, namely online loans, where they usually just use their identity and then get it. loans for gambling, this case often occurs and even recently a young man committed suicide because of the terror of the collector.

I think credit cards or whatever are just tools, for example, the same as money too, we can't blame credit cards for triggering gambling addiction, whereas gambling addiction is based on behavior because if behavior is not corrected it will be easy to become an addict, for example playing gambling using cash too. it can still trigger you as an addict, what triggers a gambling addiction is the gambler's curiosity.  ;)

You shouldn't be able to deposit a lot of money from your credit card because your credit card limit is calculated according to how much you earn and how well you pay. For example, with salary of 70K USD, you can achieve 15K credit limit.

It won't take someone 12 years to pay off credit card debt, no credit card provider will give you that much credit.

Credit Card is not helping to fuel gambling addiction, people usually use it to buy clothes and shoes and pay later. It's individual problem if someone uses that for that purpose.

It's simple, if you borrow money to lose it, then you definitely need some help and guidance. This is really a case where you are addicted.

Australia is saving her citizens from falling into a pool of debts, through gambling addiction. The best thing for them is this decision, because two problems are at stake here; gambling and debt addiction.  How do you expect one to escape such addictions. Debt addiction is very bad to anybody, especially those who use the loan to fund gambling activities. The blame, yes, goes to the gambler, but if you have taken loan frequently, you'd notice how your life would almost depend borrowing money. Even though you payback those funds. The only means of saving yourself from such problem is by terminating the source of the loans. Which method the Australian government used in saving her citizens from two addictions. It's a good thing for both those who gamble responsibly with borrowed funds, because they're at risk of accumulating debts. Playing games with credit cards are quite bad, for any player, the fun disappears immediately. If you win, the money goes back to replenish the debts and if you lose the problem continues to pile up. Think deep into it, and you'll understand that banning credit card gambling is a very nice and smart move from the Australian government.

It also affects the way we save money, if a person spends using credit card, in a mall, it disorganizes savings plan. Going out with a few amount in our pocket, limits our spending, but on a credit card, it pushes the shopper to buy what they don't need and more. Same is applicable to gambling, continuously playing with credit card doesn't help the gambler by any means.  S/he would spend more time chasing losses, expecting to hit big and balance their debts.  

Using a credit card for gambling can potentially lead to problems, especially if it involves borrowing money. The only individuals who tend to have issues in such situations are those addicted to gambling and incapable of self-control. I have tried using a card for gambling once, but it was a one-time occurrence, and I didn't encounter any problems because I know my limits and can confidently say that I am responsible. So, it really depends on the individual how they use it, and it's not solely because of the card.

I don't like the idea of using a credit card for gambling purpose. A lot of people actually misuse it for selfish reason which at the end leaves a huge amount of dept in their name.


The credit card wasn't designed for gambling but that's not what we see today, it was designed to help increase your spending limit, of which you have to pay later. Some persons use it to fund their gambling activities and ends up owing debts, creating a bad view of the credit card. That's why some countries has placed possible restrictions on the use of credit card for gambling.

Man, taking that into account its like holding onto fire for a gambling addict, you are sure to get burned. Using your credit card is already a gamble and an instant loss of 20-30% interest or more if not paid off right away and that compounds. What a risky business. Only gamble with money that you can afford to lose.

This is because it's easy to use money that you still don't have you'll think that you are going to pay the money in installments so it's okay to spend money or try to double it when you use it for gambling you double jeopardize yourself because you are paying money that you did not use and go to waste.

Australia is one of the countries that have seen how people use their credit cards to gamble and eventually lose everything they are now banning the use of Credit card and imposing a heavy penalty.


Data confirm these people are tempted to use money that they don't own it's a big temptation unfortunately so many people cannot control the temptation to gamble.

I don't use a credit card and I am in control of my expenses, it's hard to control expenses when you use a credit card you suddenly think of things that you yearn or want to buy, a credit card is more of a liability to people who cannot control themselves.

Yes this is true but as a gambler I don't actually encourage people to get themselves involves with those loaning app, sometimes its leads to frauds while exposing our card details to them one could hack of their information and wipe their accounts.
The thing is we should always try to be economical with our funds and the amount we often used or allocate for gambling whenever those funds are being exhausted we should go extra mile taking much loan or borrowing money to gamble knowing too well that gambling is not a thing that is certain to give us back our money or any amount being deposited to gambling site. Even if i am given a choice and chance to use credit card i won't active it as it often leads to unnecessary expenses.

The credit card is actually a temptation for people, especially for gamblers who are addicted to the casino. They will really sink into debt because of their addiction to the casino. That's why if you gamble in a real or online casino, you should not use a credit card. Instead, use another deposit method, as long as you don't use a credit card, to control or prevent the extension of debt.

Many people have ruined their lives because of debt; others seem to not have enough time left in this world to pay off the debt. You know what I want to point out. I guess, as long as possible, avoid that so that, in the end, you won't face a big problem.

It's long been established compulsive gamblers have this motto "Have Money Will Play" and with credit card in their wallet expect to gamble until their mind cannot keep up, credit card for compulsive gamblers is the easiest way to lose their wealth and mind, some countries are banning the use of credit card and some card issuer are also banning it.

Even if you're not a compulsive gambler you should not use a credit card even once because once you use it you will be tempted to try the second time until you use it all the time and that's where addiction starts and that's where you lose your wealth and your mind eventually.

If I say it in this way credit card fuels compulsive shopping, because the product is in front of the eyes of the customer and the money is easy to spend does that sound similar? If I say that credit card fuels gluttony because the diners are easy to order from and the money is close, does that also not sound similar?

The point I am trying to make is that companies work with each other to bring that spending attitude to people and the same in gambling. Whether or not you choose to spend/gamble is a choice yours to make. So many people are out there exposed to the same but rarely use them.

So yeah it does fuel but not just gambling, it fuels any of the "seven sins" so to speak. But you can always back the control.

Man I cannot imagine myself using credit card just for gambling. But to be honest, I’ve never owned at least one credit card in my life. Yes I agree that using credit cards would lead to gambling addiction especially if we are on a winning or losing streak.

I do have debit cards however, but still I am not tempted to use any of them just for online gambling purposes.

It would lead me to getting drowned in debt if I have a credit card that I am using to spend and not being able to pay it back the amount that I have gambled.

It's really weird that you are saying this. Holders can basically purchase anything from merchants that accepts the card as long as it's valid and within the credit limit. The bank lends him money and it will be billed on him later on. That means gamblers can "deposit" $1,000 to casinos using credit card and he'll be allowed to play.

Luckily credit cards are not a huge part of life where im from (surprisingly small % of people even have them) so the issue does not compound with gambling debts/gambling.
As someone who does some modest gambling from time to time i have a very different personal story however. When i need to gamble with FIAT / CC etc, i am extremely risk averse. I almost never do it. When it comes to crypto however, i feel it is way easier to justify making a few best.

In my country they wouldn't allow you to use your credit card without cash inside. I have a credit card (master card) which I have been using to purchase things but anytime if I don't have cash inside the card, they wouldn't allow me to purchase and I strongly believe that in my country casinos won't allow place a bet or play game with a credit card without funds inside. Do you know that things in Africa are different from things in advance countries?

I am also glad that I don't have credit cards and I don't have a plan on applying for them because my principle is that if I do have a card that can also be used to pay for some stuff as long as there is money on it we can buy it. There is no need for a credit card it will just make us buy something we don't need and pay it installment which easily triggers us.

This is really sad but this is really happening right now and mostly casinos do it because that is where they are earning money but you are right there are countries banning credit cards just to make the gambler safe. Even though a lot of people don't want it, it is for their own good.

What you're describing sounds like a Mastercard prepaid or debit card. Maybe it's a hybrid of debit and credit card that's only available in your region? What would happen to the cash balance if you use it? I really find it strange that local and international banks there would change what credit card is supposed to be. It just loses the essence of buying things on credit if you need to top it up before you could transact.

Having that restriction there is probably a good thing since gamblers can't just use it as they pleases.

Unfortunately, although credit cards seem to make our lives easier, they actually have negative effects on our lives in every sense. Especially individuals who are addicted to gambling, gambling with credit cards definitely causes them to fall into serious debt. Generally, when a gambling addict loses all their money in gambling they want to gamble more and compensate for his loss by winning money. At this point, credit cards come into play because this is the only way these people can find money most easily. Unfortunately, when you start gambling with debt you start losing money and incur serious losses.

Due to the fact that individuals addicted to gambling gamble with credit cards and therefore become under a very serious debt burden it is no longer possible to gamble with credit cards in accordance with the laws of many countries. Although this is a regulation that may seem like an obstacle for a gambling addict it is a law designed to protect gambling individuals especially those with high-limit credit cards and it definitely plays an important role in preventing possible bad scenarios.

In my country it is different. You can use a Credit card to play and request for the payment to be installment. It depends on the offer of how many months/years you apply. And if ever that the casino does not accept Credit cards, some Credit cards do offer instant cash, easy cash, personal loans, or anything they call it, you call the bank and tell them you want to apply for the loan, and you will be easily approved, and the money will be deposited in your bank account the same day.

Yes, it wouldn't be fair for responsible gamblers who uses credit cards because for them, it may be the most convenient payment method to use. Of course, using credit card as your payment method can also have a negative effect because sometimes you cannot keep track of how much money you're spending, but if you are responsible enough, you will not let these things happen. It always boils down to the person, we are always responsible on our own choices and that you we should be held accountable of our actions.

I think one way we can do to avoid this from happening is to assess whether we are a compulsive or a controlled gambler, and after you know what type of a gambler you are and happens that you are the compulsive one, it's better not to use credit card when engaging in any gambling activities and that you should find any other alternatives as a payment method.

Well, all credit cards have certain limits and you cannot gamble if you have used a certain portion of the funds already. Similarly, if you are using crypto to gamble, you may tend to take loans etc if you need to fulfil your urge to gamble once you have lost all your money.

An addict to gambling will always find ways to get money from difference sources and gamble with them.

Use of the credit card is not what fuels your addiction on gambling, you must have been well addicted before deciding on the use of credit card to make your casino wallet deposit for gambling, if people don't make use of the credit card they still get addiction for gambling because they always have the funds needed to make gambling, why should the means of making the payment be the platform that host their addiction when it they decided not to use the credit card, they can always make use of other means in making payments to gamble, what i think is to first deal with the means one get access to excessive gambling opportunities, if a person is not well disciplined, he can get addicted in gambling and use any means to make bet while gambling.

I have certainly fallen into the credit card debt trap before,  its the worst form of debt as many people say. The interest rates are sky high as well as late fee charges

I know some people who buy crypto using credit card,it doesnt end well for them

I suppose  its a  big reason gambling websites advertise services like  moonpay  to tempt players to use credit cards

It is not completely about the credit card and gambling in an exclusive way, which makes people to take reckless decisions.
Credits cards when first conceived were supposed to be tools so people could use them when they forgot to take cash with them and also as a medium for people to access money easier.

However, through the years the initial concept for the credit card has devolved into something which keeps people into a spiral of consumerism and debt; not completely related to gambling.

On the other hand, we cannot deny that access to credit can worsen the personal situation of anyone dealing with problem gambling.

Using a credit card to play in a casino is something that should not be allowed in any country, I am of the opinion that each person has the right to do whatever they want with their own money, but when we are dealing with credit cards, it means that people are in debt, in a few words people are playing with money that is not theirs and how can they ask for more money so it will be easier for them to play with all the money and use up the limit on their credit card and when their salary comes in the bank will take all the money from their salary to pay the debt they made on their credit card

whereas when people play using their own money, even if they use a debit card, they first pay bills and then use the rest of the money to play. Of course I described a scenario where people are responsible and use money they can afford to lose gambling. because in the case of people with problems of lack of self-control of games, these people even if they don't play using credit cards, they can get into debt and with that they will continue playing with debts and the governments' measures to prevent people from not taking out loans to play will not have any effect

That's why at the end of the day it's up to each person to be responsible and not gamble with money they can't afford to lose, even though every day most people are warning about the danger of people gambling too much, still People don't listen, they put a lot of money into the game and when they lose they sell everything they have to keep playing. I agree with the measure of banning people from using credit cards

I'm not aware that you can use your credit cards for gambling. I hope our country prohibits casinos from offering this feature, as it could increase debt among many people. Even if they allow it in our country, most people don't have good credit scores to have this kind of debt. Credit cards are a double-edged sword as they can lead to debt even if not used for gambling. What's more, in gambling use.

Bro you know it's over for someone if you know that he is gambling out on credit. Imagine you are gambling from money that you don't even own, that's pretty hard, right? But honestly I might disagree with the title "Credit card fuels ..." I don't think it doesn't give that power for someone to gamble, still it depends on the gambler however that's the worst form of gambling. I've been gambling for over 5 years, and I haven't tried it, I do have credit cards but it's my reserve cash, good as cash for personal expenses. I'm not sure if I can gamble with it, but I won't try it LOL. and if there are casinos that take care of this kind of method must be a desperate one.

"Gamble by your means" - One thing I have in mind whenever I play. Everyone should know it for their own sake.

This is one reason why some country forbid people from using credit card in gambling.  According to this article (https://www.supercasinosites.com/articles/which-countries-prohibit-credit-card-gambling/) country like UK make credit card gambling not possible due to its negative impact to its citizen, while Ireland discouraged the use of credit card in gambling. Germany also outlawed credit card gambling in 2020 while Belgium which banned credit card gambling in 2019.  These countries sees that credit card gambling made the citizen to be buried in debt and due to overspending with borrowed funds.

Not that the Credit card would really be taken out the blame but on the person whose holding it, im not really that saying that it doesnt fueled up that addiction but it would really be always pertaining on how dumb and

how foolish you are on making up such decision because know that its never been worth on making use of those CC's for entertainment unless if you do decide to spend a dime then it wont be bad
but its unlikely for gamblers who do have that kind of behavior because on the time that they are really that wary that they could spend up their limits then they would likely be doing it and they do really know
that they could possibly be able to play even more since they do have that limit or capability on doing so until they would exhaust all of those limits then this is where self realization would begin.

I consider myself a person who do have that kind of control. Yes, i do have credit cards and i do have make use of it on a single situation on which i do able to make bets using it
but didnt go into the moment on where spending becomes impulsive. It is really that on a very controlled manner. You cant really make yourself devastated if you do have
that kind of  control and disciplien towards your finances or spending.

I'm not a regular government worker to have such type of credit card, to have a credit card here, you must have a stable income either weekly or monthly so that as money is coming to your accounts, the banks will sharply take the money they loan you before your payment arrives with interest, I believe that is how credit cards work everywhere, so I don't think banks will worry about how their customers spend their money and they will not because of customers that gamble with the loan money to stop the service.

In every action, there is an equal and opposite reaction, the opposite of credit card is what some gamblers are doing otherwise credit cards are not designed to be used for gambling, it is emergency money when unforeseen circumstances hit you at the wrong time, this fund helps a lot instead of running hecta up and down for people to borrow you money they don't have and some might even have but nobody will lend it out for any reason.

Moreover, I don't have a problem when people use their credit cards to gamble but the question that lies in is do they make a profit from it, if a gambler makes money from the credit card money he deposited in a casino, not a bad decision but losing all make you weak and foolish for risking money that was taking on loan with probably high interest to blow everything on gambling.

Never used a credit card to gamble, I knew this would be a problem because of the benefits it provides but they never looked back at how the debt ballooned and it was clear this would become a worse addiction.

There was a thread here, Australia has banned the use of credit cards for gambling, this is causing problems because the debt level of its citizens is increasing, now their government is enacting laws for this problem, I know there is a positive impact where they can no longer use credit cards to gamble.

It's possible that some countries are still doing it, but we need to avoid that because it's clear there will be big risks when bills continue to increase.

I really don't see how the restriction of credit card on gambling platform could help reduce the number of gambling addicts or prevent them from running into debts. The government might consider this a good decision but lets be realistic, how could this stop gamblers? They can still use their credit cards to buy cryptocurrency from exchange and directly fund their casino accounts from the exchange or from their wallets. If the ban could reduce the number of gamblers running into debts it's just by a smaller number.

If you have a credit card, never use it to gamble because you will not realize that you have used a lot of money to gamble. Using a credit card is so easy that many people take it for granted and assume they can pay their bills at the end of the month.

Many people get so caught up in using credit cards that they can't afford to pay them. Even with a credit card, all your savings will be used up without any remainder. I experienced it because of my stupidity at that time.

And I agree that credit or debit cards can impact gambling addiction more quickly because we can go to the casino and use a credit card to gamble. The credit card company will pay for the use of money for gambling, but at the end of the month, the credit card company will be ready to collect the debt from us.

The interest alone on credit card gambling is dangerous enough.  What happens is that since its not "real money" people tend to over extend themselves because there is a payback period.  Whereas if it's coming directly from your bank you have a limit as to how much money you need to survive so you can't go too deep.  Credit cards and gambling should not be used.

It's like a rope in a two way for those credit card users. As they gamble, they know what will be the repercussions of that action.

First, that's what everyone is aware of because you can't beat the house. Next is more crucial, forget about gambling things and its effect but this could impact your record within the bank or the credit card company that you use.

As some of them don't really like that reason for their user to spend their CCs. They may revoke your card and won't allow you for a new application.

Owning credit cards are cool, but the demerits are alarming ASF!!
I'm happy that banks don't borrow cash to unsolicited accounts... Everyone isn't entitled to borrow and pay at Thier will... You'll need a collateral to do so. The major question that deems the interest of the parents on unaffected youths - unborn or closely monitored - is; is this not just another means to thwart the efforts of 'em parents, making out with Thier children without 'em getting involved in gambling traumas???
I've fucking seen cases where kids at 11 begin gambling.... Who taught 'em toddlers?!!

Sandra 🧑‍🦰

Common people find it hard to use credit cards. Even without knowing how to make use of it people are having credit cards just for namesake. There are another set of people who doesn't want it, but due to the repeated suggestion from banking side they used to get credit cards. In reality credit cards need to be utilised in the proper way, if not the interest itself a big burden.

As suggested credit card usage into gambling could create big problem as the user is able to make use of the maximum limit of fund for the month or for the specific time period. If the user wasn't able to experience the win, then this is going to be difficult for the gambler as he needs to settle the amount within the scheduled time period. In case, if the amount isn't settled interest starts to add to the amount. This used to be a big burden.

Some countries have banned the usage of credit card on gambling needs, which is appreciable. But with the choice available it is easy to gamble using the credit cards. One simple way is buying cryptocurrency with credit card and the same could be used for gambling. So, people will always have choice and to stay out of addiction and to be on the safer side it is the gamblers mind to decide and have control over it.

How does this credit card loan even work, do the user with a specific credit card have access to a specific amount of loan which they can take from their designated bank account, or are their some qualifications needed by a country citizen in other for the person to qualify for such loan, i believe before anyone can get such credit loan they need to have some stable income, have a property that can be mortgage and all of that.

Another thing is for a loan which is to be take from credit card, doe it not need to have restrictions on where such loan can be used on? Like the kind of platform they can use their credit card to pay for such, and the kind of purchase they can use such card for, if the government of a country which offer such loan can add restriction to the card their will be a little reduction on the debt rate incurred due to how gambler make use of the credit card.

This has been the major problem for many folks and it has been the major reason of gambling addiction and we all know what an addiction can cause because that's where the whole start of the owing and debt comes from because a gambler can go the extra miles just to certify his gambling urge and can definitely empty his account just for this act here which in the end there will be nothing to show for.

Is it really just gambling? IMO, it fuels everything. Shopping addiction, drugs, and unwise spending. Credit card is the root of evil for the irresponsible. ;D
I have seen way too many people who are in debt because of their credit cards and they are not even gambling but all of the money is going to their brand-new smartphones, appliances, and more as long as the credit limit can handle it.
And, even if we use gambling addiction to attack these banks to stop the credit card thing, that won't happen. This is the type of business they are into, and I do believe rich people like having this kind of stuff because they can buy anything they want without having any trouble bringing any cash.

Gambling addiction can be from anywhere but I guess you are right that credit cards can be the start of that. Because every deposit is just one swipe away.

Why find fault with the service and not with the individual? I think the bulk of the fault dwells with the individual and the service has little to do with it.
Credit cards purchases has helped a lot of people as well. But I must admit, there are individuals that financial institutions should not have issued credit cards to.

As with gambling, people have purchased, rather recklessly, items that should not have been purchased with a credit card. For some individuals, credit cards fuels irresponsibility and financial ruin later on. That doesn’t mean the service isn’t helpful.
Fault the individual and not the service. People are going to be irresponsible with any service no matter its good intent.

It has always been said not to gamble with money that you cannot afford to lose, and money coming from a credit card is money that you cannot afford to lose because it's not yet your money it is a form of cash advance and it has accompanying interest associated with it, using credit card has a huge risk on it but compulsive gamblers ignore such risk they will just play as long as there is a flow of money coming in and credit card is the worse source of money that you can use for gambling, fees are unpredictable and add up to quickly.
Of all the things, credit card spending is hard to control It is very tempting because it is money ready to spend and you'll pay through installments when you think of it you may think it's convenient until you have a hard time paying.

 

12 years! That’s a lot of debts and come on, how do some gamblers really get it this far and still continue… oh! Don’t tell me. The singular idea that they would win and get to repay most of the debts incurred through gambling from gambling.

It’s often sad when some reckless gamblers don’t realize how they got there in the first place. July thinking of many possibilities and they ended up accumulating more debts. Well, some of those debts could turn out to be bad debts.

You’re not supposed to gamble when you don’t have money to fulfill this desire. People ought to realize that, gambling from loans, credits, and from money your given for safe keeping or anything of that sort offers more risk than when you use your funds as, your pressured for a win and that could make you take more risk as per the wins and this could end badly.

I'm lucky that the bank i'm currently using doesn't allow this because they're very strict with gambling transactions similar to crypto exchanges.

Also, I prefer avoiding credit cards unless it's the only payment option I have and I know I can pay it within the timeframe because it could tempt you to spend over your limit when it can be avoided by managing your funds consistently.

In my honest opinion, the use of credit cards should only be allowed for purchases of significant amounts, such as a vehicle, a more expensive appliance, or things like that.
Any purchase for common day-to-day use should only be paid for with the money that people have, as what is for daily use (day-to-day consumption) should only be paid for with the money that the person has.
When the credit card is used for everyday purchases, it ends up becoming just a way of postponing debts and not making it possible to acquire an asset that would be impossible with just the money you have in cash.

In the case of gambling, the situation certainly gets worse, as it mixes up the player's emotions and many only realize the severity of the problem when they have reached the card's usage limit.

It was the UK who sometime in the 2019 that first ban gambling with credit cards due to the adverse effects it had on the gamblers. As at them, it was even reported that over 800,000 gamblers relied on their credit cared debt for betting. This is almost the same thing as relying on casino credit for gambling. Some of these gamblers have ran into problem with the authorities because they can't control their gambling addiction that is fueled by credit cards.

Australia, four months ago are towing this path as well. I think that this should be supported by more charities and gambling companies should be made to register with the gambling self-exclusion scheme known as "GamStop" or  its alternative.

Many countries are already passing policies against this and even banks on their own are refusing to allow their customers to use credit cards to gamble, and the reason for this is simple, the money in a credit card is not yours, it belongs to the bank and as such they have the right to deny you a loan if they want.

Another issue is that if you were to buy an expensive product with your credit card you could at least sell it and recover some of the money you used to buy it, making the chances you pay your loan to go up, but when an addicted person uses credit cards to gamble they have nothing to show for all the money they spent, making them customers with a higher risk of defaulting on their loans.

It's unfortunate that many gamblers are doing this to feed their gambling hunger (just like you said), but clearly it's on the gambler's discretion if they fall into this to continue their gambling activity. Maybe it's really tempting to use our credit cards to be able to play especially if you're out of cash. But before doing so, think deeply is it really worth it to use credit card just to play?

You might be right. However, this still depends on the self-control of a gambler. You can't become addicted even there's an option to use credit card if you have discipline. Because resorting to this payment method to gamble is certainly beyond the limits. Therefore, one should know the consequences of using credit card in gambling so regardless of the outcome, you're aware.

The primary aspect of a credit card is debt. It allows someone to make purchases upfront and settle the bill at the end of the month. It's the culture of indebtedness that poses the actual danger here. Because one can easily lose control and fail to consider the long-term impact on their financial condition. People get too comfortable with debt because they can do this and that, but they'll struggle when it comes time to pay the bill at the end of the month.

Using a credit card for gambling only opens the door to limitless gambling. Someone can exhaust their credit card limit, which can be perilous for their financial situation, especially if this accumulates over time. Subsequent life becomes about repaying unnecessary debts.

Never gamble with money you haven't fully mastered, and always ensure that the money used is discretionary and not essential.

I believe that the surge in online gambling's popularity has been influencing it. The credit card has become a popular method among many individuals who see it as a convenient way to acquire funds for betting purposes.

Look at this chart.

https://i.postimg.cc/0jF5mpj6/H2-Europes-gambling-market-revenue-1.png

The trend is shifting towards online gambling as people are gaining more confidence in it compared to land-based gambling. The impact of this situation is so significant that people are resorting to using credit cards as their primary means to obtain funds in order to facilitate their gambling activities.

Im not even surprising to see people are being trapped in the big debt. It's happening everywhere.

I agree with that statement, just the same with how you use your credit card. Sometimes even you really don't need something, but if
credit card payment is available, you will push for it and buy the item.

Imagine if a credit card is allowing you to transfer money to your bankroll and you are on the losing side. You will keep on adding to the point that
you will use the max limit and if luck will not permit you to win, that will serve as additional burden to you.

Better to set your bankroll and not to let any emotion to lead you to add more money. If you lose your set bankroll, call for the day and
let it be better luck next time.

They are deliberately hitting the floor by using their credit card. They know they won't be able to pay their debt even if it's less than $5000 so they might as well just take 50K depending on their limit. Either play it in a casino or buy stuff.

If they are smart enough, they should be using their credit card to buy BTC within the casino as they will have access to Moonpay and the likes.  Hope they won't bet it though.

Yes, this is one way to keep getting more money for gambling in the form of a credit card but then what happens when you have exceeded the limit of the credit card but your urge to gamble more is still there? Remember anyone who is willing to utilize all the credit card limit is not a responsible gambler and this means that he won't stop after the limit gets exhausted. He will try to get money from friends, get loans and in some cases may sell his belongings for gambling.

So my point is that a sensible gambler will never spend extra money on gambling no matter he has a credit card or not and a addicted person will not stop gambling only because he does not have a credit card.

People use credit cards to finance everything, so it is not surprising that they also use them for gambling. But it is not only that, nowadays access to credit is very easy, I know people with their salaries garnished for having taken instant loans for gambling and not being able to pay them back because they have lost the money they bet. The problem with credit cards is the high interest rate, but those who gamble with financing their gambling with credit cards end up as those who finance it with any other type of credit, in ruin, foreclosed, and/or with wages garnished.


It is normal that if this market is growing, so are the people who get into debt for gamble, besides, as you say, it is in line with what is happening in society, where getting into debt is the most normal thing to do.

Credit cards fuel every kind of purchasing addiction out there. Women buy make-up products, men buy more home depot stuff, kids buy more junk food, alcoholics buy more booze, investors buy more stocks and finally gamblers buy more game chips. We can’t really do about it since credit cards a part of the financial system. The good thing is, the interest rates are so high right now, it doesn’t make any sense to borrow money unless you are very desperate. In this environment, borrowing money is a quick way to get poor or worse, bankrupt.

The credit cards do fuel up gambling addiction but is it only the credit cards?

The casino will also offer a lot of bonuses and promotions from time to time and these things also add up to forcing the gamblers to play more than usual and become addicted to it.

The rate of debt because of the use of credit cards to gamble is quite alarming. But the cause might not be the cards but gambling addiction.  In my location, the use of credit cards is not popular so gamblers use alternative means. I have seen gamers take loans using their personal belongings as collateral because of gambling. The problem with these people is not credit cards but lack of control. Some persons can even engage in criminal activities just to have access to money for gambling.
In Australia, the use of credit or debit cards for fiat gambling is banned. Now the country wants to extend the rule to crypto gambling.  This will indeed help to reduce the gambling addiction of those whose cards are what triggers the drive to gamble. But I know that we have many responsible gamers that have access to multiple cards. Credit cards are not the only cause of gambling addiction, there are many other triggers and the government should act on them.

We can refuse to use a credit card and if the bank offers us to take a credit card, we can refuse it so that we will have problems later.
Using a credit card is fun because we can shop and don't need to use fiat money, but at the end of the month, we have to return the money we used for shopping to the credit card company.
And it will be even worse if consumers use credit cards to gamble and that is not recommended because gambling can make them forget and not be able to control the use of money from their credit cards.
We should distance ourselves from problems that may arise and not using credit cards is one way to avoid these problems.

Whatever the background, if an addict has the opportunity even though he doesn't have the capital to gamble, he will be tempted to fulfill his great desire. and that opportunity is the basis on which someone can ignore common sense to think rationally, when we discuss credit cards & gamblers. In fact, if a credit card is used properly, it will be very useful for the user. In cases like this, we tend to depreciate something or a tool as a victim of our own actions.

I will quote what you said, "Imagine someone you know telling you that it will take him 12 years to pay off his debt". This would be something very scary, considering that what a person does for any action including gambling becomes a big problem for someone. However, in the case of credit cards, we will actually find many problems there, not only for gambling. Many users use it carelessly, without thinking long about how to pay it off in the future if they spend a lot of money from the tool we call a credit card.

For me personally, the point is not about the credit card, but that we are the users. Likewise with gambling, we have discussed many threads and posts that always link addiction. but in essence it is not the credit card or a casino that triggers addiction, but we are the ones who let ourselves go too far without being accompanied by control and self-awareness IMO.

This is the reason why Australia has imposed a strict ban on gambling using credit cards. IMO, credit cards should have a specific limitations on how it's going to be spent. I mean credit cards should have at least 70% on the total credit limit on essential needs and 30% on non-essential stuff (this includes gambling). I'm not sure if some countries have this kind of credit card usage, but I thought this is very effective against over spending on non essential stuff.
I'm also super fine with totally banning credit cards in gambling. We've seen a lot of compulsive gamblers and having a credit card in their wallet is another step closer to becoming broke. I wonder why some of the government from other countries ignore this kind of issues. Well, maybe because casinos can generate millions if not billions annually and the government officials are benefiting from it.

I guess you are talking about me, because I found Australian credit card ban policy stupid, useless and made fun of it. Because I dont see a scenario when it works. What stops gambler from using debit card, and when its balance turns zero, go out, take a loan, make a deposit and continue gambling with someone else money? What stops gambler from taking a loan? Or selling stuff, or using pawnshops to get money?

Like I've said before, addicted gambler will always find a way to get money. You can ban credit cards, debit cards, cash deposits, crypto and etc, but true gambler will always find a way to place a bet.

If gambling is the root of problem, why not start finding solution from there? Make a limit of 100 bucks deposit per month for every newbie or rank 1 gambler. I think everyone can earn a hundred per month. Here is the solution against huge debts. But casinos will never agree to that.

I absolutely agree with you. All these measures to reduce the level of gambling addiction among the population undertaken by the governments of many countries practically do not work and it is high time to recognize it. Instead of expanding the base of institutions that would identify people psychologically prone to addiction at an early stage and help people who already have gambling addiction, they pretend to work hard to improve the lives of their citizens.

I wonder if Australian politicians have ever thought that by their measures they provoke gambling addicts to crime in order to get money to continue gambling?

If truly you've get to know people that can't ever pay their debts because the amount is enormous for them then why are you saying that paying debt for 12 years is exaggerated? In what way? Everyone knows how much they make every month, and paying back what they owe is coming from how much they make monthly, this is no exaggeration.

This fellow have wasted 30k on gambling, and he has 28,800$ left to pay back, he made not less than $300 per month, and he said he can only pay $200 back every month, do the math yourself, $200 in twelve months is $2400 and in the next 12 years that is $28,800$, I was ridiculed because of this problem he invited into his life.

I advised him to try making extra earnings, 12 years isn't a joke as he will end up working for the long term only to pay back his debt, what about his life? I advised him to figure out how to earn more money monthly because that's the only solution I can think of, it's not exaggeration,  it's something that's still fresh.

I'm not really much in favor of using credit card as payment method for gambling. Sure, it provides convenience and ease of use for the gamblers, but it also paves way to irresponsible gambling habits build via repeated routine. It will just really keep you on the lowest of lows. To begin with, if you don't have enough money to fund your vices, then you shouldn't really be gambling at all. Because you should only spend what you can afford to lose. And losing something you don't even possess is plain stupidity and a headache to happen. Hence, I'm not really surprised that some countries prohibits the usage of credit cards for gambling. There are still other cards that can be used such as debit card that can still provide accessibility.

The casino that you're using to gamble is centralized so this isn't the problem,  any individual having debts on their credit card are responsible for that because they're not the only ones using a credit card. This is all about discipline because when you're discipline you'll know when to stop gambling and take a rest but if you're not discipline then you can easily get addicted and continue gambling until you get into debts, it's an individual issue not centralized system issue.

Cryptocurency has also added to the rate at which individuals gamble without knowing that they're losing money as cryptocurrency aren't physical money so some individual aren't attached to it and they can use it carelessly without caring what's happenings to their finances.

Same, but more like I just abhor using credit cards in general. Don't get me wrong, I get its appeal, but it all the more reason not to use it imo. It just seems like a dumb idea to normalize that setting where you can buy stuff whenever you want but be in debt because of it. Especially if you consider how most "stuff" falls into categories about you splurging, in this case, gambling even, which isn't wrong, but hell, I would never, ever take a loan to splurge for my entertainment. I can go a long way without a source of one if needed and there's also other sources of entertainment without needing to spend money.

go into debt to gamble? Wow, that sounds really scary. I think they are classified as gambling addicts. I have a story from my friend that is almost similar. he didn't even care about his family's assets. he only sold it to gamble. because of that he was considered an addict who needed to be rehabilitated.

I’m not sure how credit card works in your country. In my country, credit limit on cc usually based on the source of income amount. Eg. I have 500$ salary per month then my initial credit limit will usually near my salary since bank will never entrust a credit that is not feasible to be paid using the source of income. The credit limit grows based on the expenses and payment on time score.

With this credit limit basis. There’s no way for a person to become homeless or wreck just because of the debt on credit card since the limit being given on each user is properly assessed in proportion to the source of income. No one can have a 1M credit with 500$ salary or anything that has an insane ratio of salary to credit limit.

The only problem on cc being connected on gambling is the chance to expose credit card account once the casino database leaked which might lead to compromising the credit card. This is the reason why I don’t connect cc with my gambling account or any services online.

Something makes me think that this story is suspicios. Dont know what country you are from, but banking credit card system must be equal in every country. Just explain me, if he makes around 300 bucks per month, how the hell bank gave him credit card with 30k limit? Or havent suspended it when the debt was just few thousands and asked to close that debt? That is not a problem of gambling then, the bank is shady. They have drugged this guy into debt on purpose. Banks issue credit cards based on persons income. If he has no credit history in that bank, the bank could not made his credit card limit more than 2-3 his monthly salaries. Banks are not stupid, they protect their money.

Just to be clear - there are category of people called shopaholics. They also use credit cards to buy more things that they can afford. Should such category of people also not be allowed to have credit cards?

Yes, that's what I mean, why do you have to think so hard that credit cards are what trigger people to become addicted to gambling even though it comes from the gambler's behavior and self-awareness, it's strange to hear that, why do people think that credit cards are the trigger, isn't physical money the same? It also has an influence and triggers people to become addicted to gambling if they have a lot of physical money in their hands.

Moreover, if the gambler can control himself, of course he will not use credit cards excessively, of course he has his own limits for gambling use, whereas we also know that every credit card has limits, so it is impossible because credit cards can trigger gambling addiction.

What you say is true, it all comes back to each person's self-awareness as a gambler.

Maybe because by using credit card for depositing you cannot feel guilt then continue to deposit when you are continuously losing. Unlike you use your own personal funds where you slowly start to doubt when you see that your money is starting to became more lesser. Although we can't entirely blame this on credit card because its still up on the attitude of the gambler since if he's careless on his credit card finances for sure he will just end up getting max out his all credits. But if he is well discipline man for sure even if he use credit card no excessive putting some risky bets and deposits on their end then they will be more careful placing their bets also the amount they used on their credit card for deposit.

Addiction can be trigger on any situation so its not all about the usage of credit card but how people handle his self on his gambling habits.

If they don't feel guilty when making a deposit using a credit card, it will harm them because they can use a lot of money. They can easily deposit another amount when the money runs out, and it seems as if the credit card has no limit so they continue to use their credit card. That is why using a credit or debit card is not recommended because it can make people forget themselves and deposit their money many times if they lose when gambling.

It can also trigger gambling addiction because they can still deposit money to gamble as long as the credit card limit has not been reached. They really have to cut up their credit cards so they can't use them for things they don't need.

Maybe you can't blame the system for someone getting addicted to gambling, but that system is actually providing them with the opportunity to gamble more even if they don't have the funds at hand at that moment. When you don't have a credit card, and only have a limited amount available, once you gamble that amount, you will have no more money to keep gambling maybe with the hope of recovering something back, and that might make you stop right there.

But when you have a credit card with available credits, you can simply keep gambling without stopping, maybe your intention is to only get back some of the money you've lost but you will eventually keep losing and those losses are all debts piling up on your name in the bank which will leave you with nothing in a very short period of time.

You wont really be having that feeling of guilt on the time that you do know that you are the holder of such credit card, you do know that it was given into you and you have applied for it on which you would  really be thinking that you do have the full rights on what you should gonna do with your spending or on how you would really be making use of that card. It is really just that people do really skip out on thinking up carefully on what are the possible consequences on which you might encounter if you do really make yourself that careless or not responsible for your spending or on how you do make use of your card on the right way.
It isnt really that bad on using it on gambling as long you do have in moderation but most likely you would really be breaking that kind of thing when the habit becomes that an impulsive kind of activity.

You would really be most likely be ending up on being that an addicted person if you do keep on considering on having that kind of behavior in towards your credit card.
This is why it would be always preferred that you should really be that responsible on whatever spending that you do specially on something that you dont own or something that do talks about credit.
It do really sounds good on having these cards but on the time that due date comes then this is where things becomes shit.

Having a credit card being used in gambling is literally tempting. No wonder there are lots of people who are falling for gambling addiction in most countries with active credit cards. There are already countries that are planning to ban gambling sites in credit cards because lots of credit card holders these days are falling into addiction.
I think credit card companies are offering opportunities yet it is our personal responsibility to spend wisely as we all know the struggle of having huge debt. We should only gamble what we could afford to lose and using borrowed money for gambling will never be a wise idea because we will only end up chasing our losses.

Can't blame them after all it is a play now pay later system. And paying may never even happen because more delinquents are doing it anyway. I would probably do the same if I do have a credit card and I won't even have to play but just invest using the credit card to buy assets.

Those who play however surely don't have any idea what is going on in the economy but they are using the credit card hoping to make money. But these are probably newcomers in crypto casinos.

The credit card in the gambling was recently banned by the Australia government,the reason behind this was the usage of the credit card by the children of the gambler.Since the kids along with the parents,the parent can’t monitor their children fully.Some point the government move was god,but it will indirectly promote the crypto based casino and reduce the fiat based casino.The merge of credit cards allow the gamblers to use the credit cards for the many time till their limit of the card in the gambling addiction after some loss.This was cause due to the addiction to retrieve the loss by targeting on the upcoming game.

For the casino, it is profit that's the end goal . For the credit card company, it is also profit that is the end goal. And it is never going to end. Although there have been calls to ban the use of credit cards for gambling purposes, I do not think that it would work. This is a very complex senario. While it may be effective for onsite casino, it will not be in online casino.

While it's just your example but I do find it exaggerated because if someone who takes a credit card and was able to reach up to 12 years of paying it, I don't think the bank would allow unless that gambler have left that debt for so long and ignoring his obligation.

But if it's not exaggeration to you, that's fine, we're just up to discussion and we've got different opinions about it.

That fellow, as you've said, we all know how much we make but that guy is different and probably saw himself unguarded during that time.

Yup, that isn't a joke and that's why I thought of it as exaggerated but if that's not really an example and true to life. Your advice to him is right, getting more source of income and work for it. That's the only way he can get out of that debt.

On his end, that's an exaggeration but he asked for and did it on his own so, he has to pay for it.

That's why Australia banned credit cards from being used for gambling.

The illusion that it gives you where you think you still have enough money to get around when what you're really doing is putting yourself into a bigger debt is the biggest reason why credit card gambling is such a massive issue. You gamble belligerently without a single care in the world and next thing you know, you're thousands of dollars deep in debt and you've wasted your whole life away chasing the high of winning big. Plus it doesn't help that scammers could get a hold of your credit card info and use it to their advantage as well.

I don't think there's no good reason why credit card gambling should be allowed, if you can't afford to gamble in the first place you shouldn't even gamble at all, that's just a simple fucking concept.

Do you think it's easy to get a loan from financial institutions? No.
Do you think people will just lend their hard earned money that easily? Most people wouldn't since they have their own money problems to solve.

My point from raising those questions is that nothing stops them from asking for a loan but he'll have a harder time getting that money to use in gambling. The more roadblocks there is then the likelihood that he'll slowdown on his gambling increases.

You also mentioned the use of debit card and selling or pawing stuff. That's still better since he won't be putting himself into a bigger debt compared to using credit cards as explained in part by Casdinyard here

When you use a credit card for gambling, your credit card balance will definitely be in jeopardy. What's even worse is that the money you gambled with even came from a bank loan. This is just one of the effects of addiction. When you actually use it, you feel like you will never run out of money, but the truth is that you will end up in debt.

This approach is a wrong move and can be said to be the most stupid thing anyone will do. Although it's not my money, it's obviously not the right way.

Its like what you do on your spending habits on buying things that you want then swipe your card for payments you will decide to use continuously because you feel no any guilt with that. And same on gambling for sure gamblers use that will came to the point that they will never think about what they do or the amount they spend since in the middle of climax while playing for sure they will swipe more until they get satisfied. Later on they realize that they are near to their limits or worse they already exceed because the processors will not accept their card because of that reasons.

Although not all will experience this situation, but most likely this scenario really happen that's why its better not to use our credit card while betting so that we will have guilt feeling while depositing some amount on those casinos.

I actually don’t have negative opinion about using credit card for gambling. Although it would make you easily overspend and become doomed to debt, but hey if you gamble responsibly, things like this will be avoided. So I don’t agree with banning credit cards for gambling, instead it would be more reasonable to ban those gamblers who always gamble without caution. Even if you use fiat, as long as you don’t know how to control your funds, you will still end up with a huge debt and worst become homeless.

Indeed, there is nothing wrong if we use a credit card to gamble and if we lose we are able to pay off the credit card payment bill because after we use a credit card, I think only some people can gamble by controlling themselves so they don't become addicted. When gambling, we really need to be able to control ourselves and not gamble uncontrollably so that we cannot enjoy our gambling.

It's different, when you're gamble using credit card, most of the time you will not feel how much you've spent because you think you have a lot money.

But when you're gamble using fiat, you're aware about how much you've spent and it's up to you whether you still want to continue or not. There's a possibility you can gamble using loan, but that's your choice and the risk you need to face.

Yes it is true, debit card would make sense because you are gambling with your money and that still makes sense but if you are gambling with credit card that means you are gambling with money that you do not have, and if you lose then you may have trouble paying it back.

Banks have no joke, if you fail to pay your debt, they will seize everything they can to pay that, and they do not take it at face value, they take it from resale value which means that they are going to drop some even from that and you are going to basically pay a ton more than what you could have, it's even better to sell those stuff yourself and pay them back. Basically, it's better to avoid something like that whenever you can, that would make more sense.

When typical man is addicted to gambling he looks for other sources after losing his hard earned money. He has to find various ways to finance his gambling. When there is no other way to collect gambling money they think of using their credit card to gamble even with high interest rates. It is not difficult for a gambler to do anything if he loses control over himself. But I personally think people can get addicted so gambling by credit card should not be allowed. This will lead to major disasters in the lives of those gamblers that will be difficult to recover.

Then ban credit cards at all, force people to spend only their own money, or do something with gambling addiction. I think you agree that credit card is only one of the instruments that is used to get money from for gambling. We are living in world of balance. A ban "not your money" in form of credit card, and the other form "not your money" will be used in gambling. And think about that from the point of view that credit cards turnover can be controlled.

Bank all the banks in the end, because they create illusion that you have enough money with credit cards, loan, mortgage and etc. Ban is not the best solution in that case. For example alcohol also causes a lot of troubles, why not ban it either? Instead we have limitation, such as age or time (not selling alcohol after 22:00 for example).

Unfortunately, credit cards are a borrowing method that each person uses according to their own habits as you stated due to their structure. Although it is necessary to interpret it according to the needs of the person, unfortunately credit cards are a bad payment method for many gamblers because it allows the person to easily access money and lose more money in gambling. Of course, nothing has a limit but while a child wouldn't use a credit card to buy $10,000 worth of snacks per month but a gambler wouldn't mind gambling that amount. Similarly, an alcoholic will not spend this amount to consume alcoholic beverages but the gambler will still spend this amount quickly. Of course, nothing is impossible but if we compare certain examples with certain restrictions using a credit card for gambling is more risky than all other factors.

For example, let's say a gambler has a budget of $1,000 and a credit card limit of $2,500. This person will first lose his/her budget of 1,000 USD in gambling and then lose his/her credit card limit of 2,500 USD. After this, if the person has no income during the account statement period this person will lose both his own money and credit card limit and will have to pay the interest on his/her credit card debt. That is the potential loss amount will not be just the amount spent on gambling.

that's why it's highly recommended not to use a credit card because it's not a good way to gamble, even some countries have banned the use of credit cards on gambling sites and it's best to use crypto money or other cash, always just use money that we're ready to lose and don't too greedy to play with big money, especially by going into debt using a credit card.

Even though playing with the little money you have is not a problem as long as it can make you enjoy gambling, after all, if you gamble using it, it is certain that in addition to paying debts you will also pay quite a lot of interest costs, my advice is never to use a credit card to gamble no matter how big you feel. If you want to gamble, you should ignore that feeling. If you don't have cash, you should do other activities or gather with your family to divert that feeling.

Credit card gambling is not smart, as always you should only gamble with money you can afford to lose. Any good bookie will promote responsible gambling but it is the punters responsibility to manage their own funds and budget properly.

Gambling should be fun, putting it on a credit card is an awful idea. The moment it stops becoming fun is the moment to walk away. Consider putting weekly deposit limits on your accounts.

Gambling with a credit card is one of the easiest ways for a gambler to become a gambling addict because it's definitely gonna make the concerned person to gamble beyond his daily or weekly gambling limits. When someone wants to gamble, there's always an already stipulated limit that's been put in place by that same person so it'll help him regulate himself and stop whenever the limit is reached. But when one is gambling with his debit card, and unfortunately happens to lose until his limit is reached, he'll continue to gamble in other to recover the already lost money and until all the funds in his debit card is finished, he'll continue to gamble.

Yeah using a credit card won't be an issue if it is used responsibly. I think gamblers get addicted to it because it is very easy to access money that you might not actually have. The first time I actually used a credit card, I was amazed because it was so easy to spend the money! This can lead to impulsive and excessive gambling and gamblers might not feel the consequences right away. They'll only feel it once their debts pile up. And credit cards often charge high interest rates. People should find healthier ways to sustain their gambling habits.

Unfortunately, it is their own choice. Or, you could look at it that they have had little to no control and that they were exploited. However you choose to see it, this is the consequence of allowing the mix of credit with gambling.


It comes to a point where you must ask, why didn't they stop at 5 years of debt? Or 1 year of debt? Or 0? How far must it go before it is someones fault, rather than their mistake?


Certainly. Credit is not cash, it's not visible, it's easily accessible for some. It's definitely something that could fuel addiction.



Keep it that way :)

It is a good move to ban credit cards for gambling because using a credit card means they will be free to deposit money from their credit card into their gambling account. And they can gamble whenever they want, which will put them at risk when their credit card bill comes. It can also trigger addiction because the freedom they get from their credit card, which can be used to deposit money at any time, makes them feel there is no obstacle to gambling. The government's steps are right because they can ban the use of credit cards, but the government also has to think about other things when gamblers switch to using crypto to gamble.

Yes, you are right because by using a credit card, they will not think that their money will run out. As long as the credit card limit has not been reached, they can still deposit money to gamble, which is the risk they will face if they use their credit card. And that will make them return to gambling more often because they can deposit their money again easily and immediately gamble.

That's why we don't need a credit or debit card to gamble because it will be riskier. We should make a budget for gambling and stick to these rules to avoid the problem of gambling addiction or the desire to chase victory. We can also be calmer because we don't have to think about the credit card bills coming to us at the end of the month.

         -   As long as you use a credit card responsibly, you are aware that it is truly convenient to do so. Other people—those who merely boast about themselves and believe they never run out of money—use credit cards for unnecessary expenses.

When a gambler adopts this method, it's like he approaches a crocodile and asks it to consume everything that will benefit him. This is the worst kind of technique that other people utilize. Therefore, a gambler should strive to avoid using it on a regular basis; even if you try it, stop.

Credit card gambling is like ATM in casinos, they are there so you can spend (lose) more money, the only way you need to use it or it can be usefull is when its your only payment method.

Nothing is more idiot than have a debt for gambling, if you take a loan to gamble, man you are in big problems.

Those are the effects and risks if we use something that can be used first and paid for later/monthly or annually, Credit cards are one of the factors that currently results from your research being used incorrectly by gambling addicts, credit cards are used inappropriately, quite the opposite.

I'm sure those who use credit cards to gamble, they hope to win and make big profits in gambling. They think that gambling winnings can cover the interest and principal of the money they use every month, in fact they actually suffer losses. This is sad because greed, ambition and lust are put forward. without taking into account what if you lose and can't cover your credit card and if you use a credit card.

Banks should be able to overcome debts and losses for their customers who use credit cards, by implementing one of the detection systems for credit cards, which can only be used for shopping, cannot be accessed/denied for those who use credit cards for gambling sites, perhaps this means users cannot use credit cards to gamble.

Also I think that credit card gambling is an old-fashioned way of gambling and many people have abandoned the use of credit cards for gambling. Now a days gamblers use cryptocurrencies for gambling, the easiest, quickest and most convenient way to gamble online  :)

https://i.ibb.co/P6fc147/Stake-4.jpg

However, people can still get credit through credit cards, buy bitcoins, deposit in the gambling site and gamble. Yeah, credit cards are still an indirect source to fuel our gambling addiction.

Out of curiosity i tried linking my credit card to an online gambling site just  to know what are there requirement and I found some personal details where requested. Now i understand why it is risky to use your credit card for gambling its not all about getting addicted and take much loan with it. It is risky because your information are saved on their site and only few gambling site can be trusted. Its like sharing your information to a third party, i pray nothing happens to my card.

gambling using a credit card is like committing suicide and I am sure we all understand this problem because previously there was thread almost the same as this and I also know that everyone has discussed the evils of gambling using a credit card. at the moment I just think that maybe the use of credit cards very rarely used for other purposes, so the gambling business now seems to provide an opportunity for credit cards to continue to get income from customers, so now there are many online casinos that provide payments using credit card, without realizing it, users who have this credit card are not aware that first time they gamble using that card, it is the beginning destruction because credit cards have very high limits so that gamblers feel that they always have opportunity to return it and negative effect is that they can become addicted because they think they have lost too much and had to return the amount already lost.

anyone who gambler using credit card better think again about this danger. but if you have good self control, dont keep using your credit card to gamble, it might not be a problem.

Not really totally a suicide if you are really just that responsible towards your spending because even if you do make use of your credit card on gambling as long it would really be done in moderation then it should really

be just fine. It would really just always matter on how much you are willing to spend on that particular gambling session on which we know that there are people who are really that in control towards themselves in speaking about spending which it isnt really just that limited with gambling but also in other things because if you are a type of person whose really that impulsive and doesnt have that kind of control
or discipline then most likely you would really be spending all the credit limit you do have. Yes, it is convenient for now since its not your money being spend but on the time that due date comes or kicks in
then this is where you would really be starting on scratching your head.  8)

Credit cards do really give out that kind of convenience. Im not saying that interest are shit specially if you do make out some cash conversions on which it is really just that a life saving thing
specially on emergencies and the fact that it doesnt really have no sense on trying to make use of those limits of leisure purposes because it is really just that a waste
if you do make use out of those kind of purpose.

You would be surprised that if you connect your debit card you would get same result :D Speaking about security - is it possible to perform a transaction online without CVV or confirmation via mobile (those 4 numbers and pin code)? Even though it is bad to save such private info online, it has little to do with gambling site, it is all about cookies that is stored on your device.

Since we are walking around here with same post ideas, could someone tell the difference why gambling with credit card is bad, and making purchases with credit card isnt that bad? While in both cases we use borrowed money ;D

If someone says that it will take 12 years to pay back their credit card dues then I bet my life savings against them that they can never pay it back in their lifetime.

I am saying this is because the interest rate of credit card per annum starts from 24% and can go over 60% in developed countries so imagine the rate in other countries and the worst thing is the interest rate will be levied again and again on your entire dues which will result in a compounding effect.


You are not supposed to use your credit card unless you are sure that you can pay back the due on time no matter what this applies to personal loans too because it is the type of loan that has high-interest rates and if you miss a payment it will take a big hit on your credit line and take years to build that lost scores.

But banks are to be blamed here because they make these people get their credit cards so they can make middle-class people fall for this so they can keep sucking all money from them. I will definitely not encourage the countries that ban credit cards from gambling sites because it can affect the people who are using it in the right way so they are going to miss the cashback and many other rewards just because ignorant people are doing wrong.

This is in total contrast to "don't gamble with money you can't afford to lose". And gambling with money we actually don't have (borrowed money) is a recipe for a disaster. Nothing good can come from that, and I guess it ruins the fun... people who gamble with borrowed money are under big stress for sure, not being able to relax and enjoy the game and thinking about what will happen in a case of loss. Probably that loss comes in most cases, it's gambling, people lose most of the time, especially if we talk about lucky-based games and slots.

It's wiser to avoid using credit card on something that's all about luck, are people stupid? To withstand even temptations this day is hard, so don't go close to anything that could possibly get you captivated by soul.

Normal people are into debt with their Credit cards apart from gamblers, they buy things they don't have money for presently, because their Credit card is there, it is available to come to the rescue, I have never like Credit card, that's why I don't have one, whatever I plan to use I use Bank transfer, I always make sure to stay out of debt by all means.

Also there is no way you can escape a debt on Credit card that's very high, the longer it takes you to pay back the higher the money will become because of the interest rate, Credit card is a punisher of finance, if you don't know what you are about to do, always ask around first, I will never like Credit card, it's like another form of financial slavery by the government and Banks.

I think credit cards usage depends a lot on country. In my country, credit cards have very low rates compared to inflation so not using credit cards in anything (literally) seen as being dumb. But I read that its totally different in many other countries cause credit cards can make you get debts with very high rates. I think this is not that much related to gambling, people are sort of not very into calculating their finances. But still I suggest noone to relying too much on credit cards when you are gambling.

If someone can think about the consequences of using a credit card to gamble and finds that it could jeopardize their bill at the end of the month, they will not want to use their credit card to gamble. They may prefer to deposit money from their account, but that can also make them addicted to gambling because they can deposit money from their account many times. In this case, what needs to be considered is how someone can control their gambling and not use more money to gamble. And if someone with a credit card can do it easily, they don't have to worry about using their credit card to gamble because they won't.

That's right because we have to be responsible with how we use our money, whether using a credit or debit card or making a deposit from a bank account. And we should really have good self-control when gambling so that we don't experience any problems.

Well, the truth is, things can be seen from that point of View , Now if you do Things with Credit Cards People Assume that they Should use them because it is something that is not correct, of course I understand your point of view because it is obvious that things when it comes to credits, about debts, sometimes people don't have that Approach of being careful, but rather they see the ease and that's it, for me credit cards must be used as an Emergency Measure , because that is a weapon double-edged, because it is a problem if you spend more than normal , for me things have to go Well Because obviously a person who has a bad credit life will not be given more credit or their limits will be raised, Of cours e, a bank sees that they have very large transactions, because it is something that suits them because when they see such large transactions and a bank, they will continue to give you credit, this is something that must Always be fulfilled.

Now, as I have said on many Occasions , we have to realize that the casino is for people who know how to use money, who know that the money on a Credit Card is borrowed , and that obviously to go into debt with a credit card You have to have a good capacity to pay, otherwise there is no way you can risk something like that, or does it make sense, of course a white man watching these movies will give you more credit to spend, that is something obvious, of course as long as the bank is from a solvent country that does not have an inflationary currency, because otherwise it will create many corralitos, so in this otdeen of ideas a bank can help the person get into debt, and this causes things to go in another direction, so I I can conclude that I think like you, for me a person who plays in a casino must be someone who has a high financial education, so that they do not make those types of mistakes, of course I call them Mistakes, because involving fiat in a Crypto casino is like Tell the bank and the Government , Pay me high Taxes for using crypto.

The role of the government must be to be able to create prohibitions or special regulations regarding credit cards used for gambling facilities, so that people can avoid debts that accumulate due to gambling.  This will of course have an impact on the economy which will get worse if the government allows it to drag on.

Generally, credit cards are used for shopping purposes to make it easier for users without having to spend cash, but if they are used for gambling, of course it will have a bad impact on the user and more and more people will become addicted to gambling
This will certainly make it easier for gamblers when they don't have money, they will continue to gamble in the hope of being able to cover their debts later when they win a bet and they will continue to repeat this method.

That is just people's irresponsability. They think only on the instant pleasure they are going to have when creating huge debt, but neglect the future consequences it will have over themselves. It's not credit card or casinos' fault, it's gamblers' fault. Credit cards are great tools which help us a lot on our daily purchases and allow us to have access to more goods and products at once we couldn't if we just had debit cards.

What the society can do is to launch campaigns to educate people on this matter, explaining them the negative implications of using credit card for gambling, mentioning examples of gamblers who have already found themselves on this nasty situation. Anyway, the final alternative will always be decided by the individual himself who can ignore all the warnings and still act irresponsibly, or educate himself and change his attitudes.

If someone lives in a country and is using a credit card that allows them a lot of credit then it all boils down to how serious they are about their gambling activities and whether they have enough self-control to control the urge to gamble when they have played enough for a day or a week based on how much credit they should use, and if someone lacks self-control and don't even have a count about how much they've spent, using a credit card for gambling can be very bad for them.

Actually, it is much better if someone uses money instead of using a credit card that allows them to borrow money that they don't have which will keep putting more and more interest on them over time and they will obviously have a very hard time repaying that money if they spend a lot of it.

It fuels gambling addiction in people who do not have self-control or lack self-control. That's the reason why some countries choose to ban the use of credit cards for gambling. It's for the good of gamblers, at least those who have gambling problems. Since credit cards are accessible for everyone, they can't just restrict a group of people or specific individuals. What they are doing is to prevent the problem from happening because, as they say, prevention is better than cure.

You know, when you are running a country and you see that the number of addicted gamblers is increasing, you'll investigate to find the root cause of the problem. So, if the government restricts or bans credit cards in gambling, you can expect that they have already conducted thorough studies before implementing it.

Sad truth, which as an individual you are the one who's in control of the actions that you are going to do in your life,

Yes, it's no one but you who allows things to happen. Having credit cards that allow you to barrow money is your sole responsibility for how you
going to use it and how will you manage to limit yourself.

Keep in mind that in each action there's always a corresponding obligation, always check and balance your capabilities to handle things
it's you who needs to adjust always.

There would be no need for a credit card if a player were the only one with a specific amount to wager in a casino, but in real life, other players frequently carry a number of credit cards in their wallets.

However, as others have noted, it's a careless practice of yours where you waste cash that was just loaned to you and then pay a lot in interest because the lender is a bank; in other words, it's not a wise move.

Listen to yourself, credit cards are used for shopping purposes to make it easier for users without having to spend cash, yet they can also do shopping on debt, and pay later, I believe this is also encouraging debt, maybe not to the level of using Credit Cards for gambling, but the government are aware of this, now it's only a problem after people are going bankrupt using Credit cards on gambling, very laughable.

I think the solution to this is for the government to ban casinos from allowing Credit cards for gambling on their platform, I know many people will still go bankrupt because they will use other payment solutions but it will be limited compared to before, Credit card gambling encourages gambling on debt than every other payment solutions available on online casinos.

Yes, actually without a credit card, there are still many other payment systems that trigger people to become addicted to gambling, but indeed credit cards are more dangerous than other payment systems, it's a good idea for casinos not to add access to credit card payments to help deal with this or the government will also step in. hands to prohibit it, because of course it can make people uncontrolled in gambling.

I also never want to try gambling with a credit card even though I have one because it's better to use crypto or money that I have, even if it's only a little, at least it can be fun, it doesn't matter to me as long as I don't go into debt using a credit card because that will create other new problems, use it. money I was prepared to lose

Every rule applied or taken economically is realized by the occurrence of many events. Just as we both mentioned gambling with a credit card causes a person to gamble with debt and lose money in addition to spending all his/her money. This causes individuals to be prosecuted and penalized through the legal process with the bank if the debt cannot be paid. Of course, when this is the case countries prohibit gambling with credit cards in order to avoid using credit cards for gambling expenses and to minimize such situations. For these reasons, in order to minimize the risk of gambling with borrowed money alternative payment methods are accepted and the person is allowed to gamble only with his/her own money. Of course, such restrictions are not a complete solution but they minimize all potential possibilities.

For example, a person cannot directly gamble with a credit card because many countries have banned the use of credit cards as a payment method for gambling but since it is possible to buy cryptocurrency with a credit card, anyone can easily buy cryptocurrency and gamble with this money. In other words, every precaution taken only prevents the person from spending money on gambling more easily but cannot completely prevent it.

If you are just a starter in using a credit card, your limits might still be low which are fine to use than any other payment methods because you can get overboard with them, but once your credit card limit goes up, things should becoming more risky if you lack a control of your self. No wonder why some countries announce a banning of it.

I am using a crypto to gamble but luckily I don't take loans when my urge kicks in because if it happens I usually have cryptos already in my wallet to start playing again. This is the advantage of being not addicted to gambling. You will have a peace of mind and you won't always run out of crypto/money.

One of the biggest problems is that credit cards often have a delayed effect on someone's accounts and they can be paid back in installments. This is dangerous as it can snowball over time when someone loses oversight over the accounting one the one hand, and on the other hand delayed payments opens the door to the wrong thinking that money that was lost today could be made back tomorrow, so no pressure. But this doesn't only apply to gambling. Whoever follows the news or reads articles knows that never before have more people be indebted I think because of all these offers of installment payments. It is a business strategy especially from the companies that can afford it.

This is a huge debit that person was allowed to used. My bank will allow you to take something close to your yearly income. I don't know how they calculate this to be honest but when I was making 1k USD a month they were always allowing me to take instant credit of 15k. If that man needs 12 years to pay it back he must've been allowed something like 6x his yearly wage (because you're never able to pay back 100% of your income. A man has to eat and all that. That's a crazy bank or you're exaggerating.

If we're blaming credit cards for gambling addiction, why don't we start blaming alcohol producers for alcoholism, gun makers for gun violence and so on?

In our country gambling is not allowed and with credit card there is no option to do gambling but some people still gamble silently therefore they not just betray government but also betray themselves and their families. Credit cards are the last option with gambler to continue gambling so when they loss all the money then their families do not allow them in their homes as they are afraid of getting harm from them.

There will be no effect on gambler no matter how much advise we give them because there is an wrong concept in their mind that if they leave bitcoin then they will be empty handed but they should also remember that with gambling they will be more empty handed as gambling offering nothing to them instead of snatching whole amount in a second.

Using the overdraft feature on Credit Cards is the worst possible way to take out a loan. At least in my country the Credit Card was designed to give quick and easy money at insanely high interest rates that should only be used for several weeks and never longterm. Any other source for a loan offers usually much lower interest rates are designed more longterm. There are already hard caps on the amount a credit card company can charge their customers, but this is still way to high and can lead to a downward spiral where the monthly interest cost are way too high to get out of it. For me using the credit card usually only happens during vacations and even then I like to have a tight control over my budget. A good friend of my parents is struggling for more than 10 years with their finances each month and uses a credit card to pay for all the things she can't afford it. The problem is that she is addicted to shoppng and needs to buy new clothes each month, but doesn't have any money to afford it. That the best example of you can spend most of your money each month to only pay back interest and never get out of the debt trap. In gambling it's even worse, we should never use borrowed money for gambling and definitely not the worst possible option with credit card debt.

Sometimes the convenience provided by credit cards can be a disaster for those who do not understand good financial management, especially in the case of using credit cards for gambling. Using credit cards for gambling can be much worse because besides users increasing debt by using credit cards, they also use them for something unproductive which can disrupt their finances. Credit card companies should prohibit the use of credit cards on gambling platforms, but it is a shame that they do not care about such things.

They do care and credit card companies all over the world are forbidding the use of credit cards to gamble, now do not be mistaken, they are not doing this because they care about the well-being of their customers, they are doing this as they have realized this is money that is going to be difficult to recover.

Still regardless of the reason this is at least a good thing, since on the past it was not rare for those that were addicted to not only lose everything they had but to accumulate huge debts on top of it, at least now such a scenario should be less likely and make it easier for those that suffered from an addiction to financially recover from it.

It all depends on the individual and how disciplined that individual is using a credit card. Using your credit card for shopping or for gambling purposes is to a certain extent, the same thing.
A lot of people can quickly max out their credit cards making purchases others may consider irrelevant. It’s more or less the same as a gambler maxing out credit cards as a result of gambling. In both situations, people abused the service cause of their habits. You won’t fault a service for the behavior someone who’s indisciplined.
Credit cards should be used sparingly

Most people who use credit cards want to show off to the people around them and show that they can pay for whatever they want by swiping their credit cards. But they will be confused about paying their bills at the end of the month because they have made a lot of purchases. If they can calculate their credit card usage and still be able to pay bills that are not too large, they can still use the credit card. But if not, they have to think twice about continuing to use their credit card or cutting it up and being free from credit card bills. We must be able to anticipate using credit cards for gambling because it is not feasible. Even though we have a large salary, we still can gamble with a lot of money.

Agree. But no one offers to make a special KYC or ban credit card for those who make purchases. I've seen a lot of people whos earnings are low, they use public transport (not because it is convenient to get somewhere or there are traffic or parking problems, but because ticket is cheaper than liter of petrol), but have iPhone 15 pro, latest iWatch and branded clothes and they have bought it with credit card. People just suggest to do actions towards gamblers, but not towards such category of people.

I very much agree with this.

Credit card usage can pose a danger to the user especially if the user himself doesn't know financial management and isn't disciplined and responsible enough to learn it. Credit card offer convenience and ease of use, however, most of the time, the card holders bring headache upon themselves because they commit the usual mistake of using their cards irresponsibly such as doing excessive shopping and gambling without checking if they can still pay their dues afterwards. Hence, it will really be a good thing if there will be a policy about credit card usage intended for gambling. Might as well limit the possible expenditure per person or do not allow them at all to use their cc for gambling.

I hear that some countries are trying to make laws to ban credit cards as payment for gambling sites like what happened in Australia "Australians at risk of online gambling harm will be better protected through a ban on credit card payments and fines of up to $234,750 for companies who don’t enforce it, through legislation to be introduced by the Albanese Labor Government to Parliament today. " -  https://ministers.dss.gov.au/media-releases/12446

Gambling on credit cards to be banned from April 2020 - https://www.gamblingcommission.gov.uk/news/article/gambling-on-credit-cards-to-be-banned-from-april-2020

I mean this is a serious business right when gamble with loan money

I also can't stop thinking about some people who use their credit cards to gamble. I don't know what they expected and what their thought pattern was regarding their actions, I think they are really someone who can't or doesn't think long and hard and doesn't have good financial management.
Using a credit card to shop for daily necessities excessively in my opinion is still normal because sometimes we cannot control our desire to shop if we use a credit card, but using a credit card to satisfy our desire to gamble is a very stupid, fatal and very careless action.
Using a credit card to buy furniture even though it is excessive can still be considered a little useful because we are buying an item that still has resale value if we no longer need it, but if we use a credit card to gamble it is the same as adding to our expenses because in gambling it is certain we will spend more than we win.
In my opinion, gambling using a credit card is not an act that dares to take risks but an act that does not think about the risks at all and i think most likely they are people who already have gambling addiction problems.

That is the most stupid thing that we can find in gambling , when a gambler uses Money in which not his own (meaning borrowed from credit card)
because this will add confidence that you have a complete pack of money to gamble when the truth is? you are only relying on your luck to pay that debit and once you completely lose then the problem started.
That's it , let us not become one of those to be in debt all their life just because of wrong decision in gambling.

Gambling is specifically listed in the fine print of some credit card agreements as a form of a cash advance or cash equivalent. That's bad. Here's why. Cash advance fee: This is a one-time fee charged when you take your advance, usually 3% to 5% of the amount.

Source: https://www.google.com/search?q=why+we+must+not+use+credit+card+in+gambling&sca_esv=570874343&ei=2jEeZcCxKbGm2roPlpmImAo&ved=
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actually this is one of the main reason in legality

Gambling with the money they don't have is harmful. When one gambles with the money they don't have, and ends up losing it could lead to instability in his/her living. Just a simple way calculation, one had spent his credit card limit on gambling and lost everything. Now he's in need of money for his month and he starts borrowing. When the payment gets delayed he needs to pay additional interest, and also he needs to repay the borrowed money. If he continues gambling with credit card for few months and was unlucky, surely no other choice than getting into big debts. Understanding this, Australia government have banned gambling with credit cards and allowed Lotteries taking it as low harm. Now this have been under discussion and can expect ban on it.

Since a gambler gets short-term credit through a credit card, they choose this route to fund in gambling. When money is lost in gambling, gamblers want to get the gambling money with whatever interest rate will be. If gambling is carried out with credit card debt without any hesitation, then at some point the debt burden will increase and a gambler will be unable to pay it. As a result, he will be in disaster as well as in the financial system of that country. If a gambler gambles on borrowed money it is not a problem but if he borrows from a bank loan or credit card it becomes a big problem.

everything about loan money to gamble, whether it a personal loan from someone else or using a credit card, is all very bad. I mean, we often discuss on this forum that borrowing money to gamble is very bad, whereas gambling is provided for fun using one own money, one can afford to lose, and if one bets using loan money, it violates the basic rules of gambling because at any time gambling will never provide benefits. who easily even always lose. so any loan will not be good if used for gambling and I would also say that control must be maintained because credit cards always give whatever the user asks for so gambling will take advantage of this situation to make more money from gambling.

This seem like a valid point, but come to think of it, this is crazy, how can someone use their credit card for gambling activities? It seems not many people understand how credit cards function...

These are reasons why I will never use a credit card for gambling, and if you are good with credit cards functionality you will accept.

1. Credit scores on credit card is a big turn off when gambling, because the more you lost money using credit card the more it has negative impact on your credit scores.

2. Generally, with a credit card, overspending comes easily, credit card is very easy to use, it's faster and this makes it easier to lose track of money spent.

Also there are security risks available when using credit cards to gamble online, you don't just open up a website because you trust them and insert all your credit card details, what if it's been stored somehow without your consent?

The debt burden will increase if they don't remember how much money they have used for gambling. And if they continue gambling without clear limits, they will have to pay a lot of money at the end of the month when their credit card bill comes. That will cause difficulties or problems for them, especially for those who don't have a salary or income that can be used to pay their credit card debt. That is why we don't need a credit card to gamble because we have a loan on the credit card and will have difficulty paying the credit card bill.

    The credit card is very tempting to those who hold or have it; in fact, when you pass by the mall and you see something that you really want, even though it is not in your plan, you will be tempted to use the credit card.

    And if you don't expect to be passed through a land-based casino, you will be tempted to play because you will think you have a credit card, something that is, in my opinion, more dangerous. Because once you get money into a casino using your credit card, you will have a hard time getting out. And it's possible to overspend on betting if you don't control yourself.

Yup, with credit cards we might risk larger amount of money, knowing that we can continue as long as we are not yet on our limits,
but without good control surely, you'll find yourself losing to extent that you will exceed to your limits.

And same with your statement, the chance that you'll be having a hard time paying it back especially if you are not really
ready with overspending your credit limits and you don't have the expected income to cover the monthly charges.

Better to play using your cash or amount that you can let go, spare money that intended to please your entertainment.

We will not see the credit card's limits because we are too enthusiastic about gambling and depositing money via credit card. And it will be difficult for us when in one day, we use so much money to gamble that we almost reach the credit card limit in one month. That will make it difficult for us to pay the bills. But for those who often use credit cards, maybe they can still restrain themselves from gambling excessively using credit cards and if they can do that, that's good for them. At least they didn't give him a hard time at the end of the month when his credit card bill came. And we should gamble with the money we can afford to avoid problems that could arise later.

Indeed, your observation about the dangers of gambling with credit cards is pertinent and raises an important issue: indebtedness and reckless gambling. Gambling can have serious consequences, especially when funded by debt.

Using a cryptocurrency wallet to fund gambling activities can, to some extent, offer some advantages in terms of managing gambling-related risks, compared to using credit cards. One aspect might be that cryptocurrency transactions require several validation steps, thereby giving players additional opportunities to reflect on their expenditures before they are finalized.

Moreover, the nature of cryptocurrency wallets could potentially create a separation between gambling capital and household funds. However, this does not eliminate the financial risk associated with gambling and does not ensure responsible gambling practices.

It is essential to emphasize that, regardless of the payment or funding method used for gambling, caution, understanding of the risks, and strict budget management are paramount. Even with the use of cryptocurrencies, it is possible to encounter substantial financial losses and negative consequences for mental and emotional well-being.

It's like giving someone a tool without instruction. Credit cards? They're tricky. Those figures make you think, "I've got plenty!" Suddenly, you've spent more than you earn in a month. And for what? A brief thrill?

This is what I noticed. Some gamble like Monopoly with credit cards. Real life isn't a game, and those bills? They're genuine. A notion, or problem: Imagine credit cards with a "gambling limit" You can only spend X on chance games. Would that make you reconsider your next spin or bet?

Gamble for fun, not financial ruin. Be cautious and know your boundaries.

Usually it would be playing around 2-3%
Cash advance fee: This is the fee charged every time you withdraw cash using your Credit Card. Typically, it ranges from 2.5% to 3% of the transaction amount
https://www.hdfcbank.com/personal/resources/learning-centre/pay/credit-card-cash-withdrawal-dos-and-donts

Which means that the amount of money you would really be recieving does already have that kind of deduction and you would really be double killed on the time that due date comes on which you would really be
then it would really be just that the same it would really be playing around 2-3% on which means that in overall you had already needing to pay that 4-6% in just a month and this is something that you should
instill into your mind that its never been that ideal on making use of these cards considering those deductions then you would definitely be putting up yourself on great  trouble.

Somewhat making use of CC's arent that bad as long you are really that a responsible card holder. Even myself does have some couple of CC"s but never intended to make use of it on gambling
because its never been worth and just a waste of money on spending it out. If you have decided on making use of it then be responsible on repaying it on time so that
you wont really be experiencing those deep debts on which most people do really encounter or able to experience even if we do speak with those casual
spending but ending up on not repaying on the right time.

That’s definitely true. A lot of gamblers are tempted to use their credit cards just to fulfill their gambling habits and see where they are now. Most of them have ended up drown into debt thinking that they would gained remarkable profits in time, but ended up broken and worst some have certainly need to be homeless just to realize their wrong habits. However, despite the negative outcome caused by credit card gambling, new gamblers still don’t learn from other gamblers mistakes and still fuel their gambling habit and addiction through using credit cards.

When someone is addicted to gambling, then they will never be aware of the negative impact of gambling that is carried out carelessly by justifying all means to be able to gamble, including by taking out a loan to fulfill their lust for gambling and indeed people like this will only aware of when they were already at the lowest point of their life.

In fact, the presence of this credit card is very useful because this credit card can help someone who has a need but doesn't have enough money to buy it. However, no matter how useful the credit card is, if it is in the wrong hands, this will be the opposite and become a negative thing.
which is different from wise people, where, no matter how bad things they encounter, when this comes to the right person, it will be a positive thing and can provide benefits.

True, you wont be thinking about consequences on the time that you are on the field or playing session on which the main thing that you would really be having in mind and wont really be caring about those dangers that lies ahead and you would really be just starting to realize when its already happening on you and this is something that must be avoided in the first place. Credit card does have tons of users if you do really just know on how to utilize those cards on good use but doesnt mean that you are restricted on making use on other means. Just like the rest been saying that as long you would really be making yourself that responsible in towards your spending then it should really be just that fine but if you are really that careless and irresponsible and doesnt mind off about those con's then for sure you would really be ending up on a disaster.

Dont make yourself get hooked with addiction because once this thing would really be crawling into you then there's no way on easy to get out and this is something a problem that you would really be that might ending up
on having that devastation into your life or living when it comes to money. This is why getting that responsible on things is a must priority rather than making yourself hoping on something which it cant be possible through gambling because house do always win at the end or particularly it always matter on luck.

Using a credit card to gamble is the beginning of disaster because he will definitely be in debt. Initially the addict tries to use a small amount of money from the credit card but if he loses he will deposit again and again with a larger amount of money.

When his credit card limit runs out and he doesn't get the jackpot, he will fail to pay. He starts borrowing money from close friends or family and all his debts will increase and in the end the gambling addict will go bankrupt.

Most of these people would have easily avoided getting in debt if they knew the word self-control. This is what people are lacking that's why they are spiraling down on debt. Credit cards aren't that dangerous, especially if you keep everything in check. You can use it to virtually anything that the credit cards allow to buy, even gambling. You just have to make sure that you are not indulging and overdoing your spending.

When the gambler starts to the gambling with their own money,it never affect the gambler.The gambler will go the sleep after the game is win or loss.Because the reason is very simple,the money used in the gambling site is his hard earned money.So he no need to answer anyone after he game.If the gambler use the credit card for the deposit of money to gambling sites,may the gambler get gambling addiction.Because the credit card will have huge amount as the limit to the user and need to repay the same money with the huge interest.

Blame the people, not the credit card. It's not the one that fuels the addiction but rather the person itself.

The credit card was not meant for gambling. It's served another purpose that's why don't say credit cards fuel gambling addiction.

In short, why not just blame those stupid person that allows themselves to be addicted gambler? The credit card has nothing to do with it. Besides, it's not easy to be eligible as a credit card holder. I do see that most credit cards holders are not even mostly into gambling.

It will influence his subconscious into thinking that he can gamble more than usual by using a credit card. But what happens is that he will use more money from his credit card so that he has to pay a large credit card bill at the end of the month. It's fun to gamble using larger capital, but if that capital comes from a credit card, it only creates bigger problems.

Gambling using money from a credit card can make someone forget that they owe money to the credit card company and have to pay the debt at the end of the month. And it's not worth doing because the purpose of gambling is not to make money but to have fun.

You would really be that confident that you could really go into certain extent because you are really that confident that you could really go further because you do have the money on doing so or having the balance on which you could really make use of your credit card and this is why it wont really be that shocking that most gamblers would really be definitely be making use of their credit cards on the time that they do know that they do still have that credit limit. In my case then i havent tested out on using up my card because it is really just that been make use for priority purposes and never
ever considering on spending something like this which pertains about leisure.

Sooner or later on the time that due date comes or they are reminding about your payment then this is where you would be starting to realize that youre fucked up.
If you do have the money to pay then it wont really be an issue but if there's none then this is where real problem begins.

I agree. The biggest reason on why I don't have any credit cards in any bank.
It's giving you the idea that you still have money somewhere but the truth is, it's not yours, it just makes the cardholder think of it that way. I have seen too many people both in the company I work for and relatives who dug their own graves by using this kind of scheme by the banks.
While most of them are not because of their gambling habits, a lot of them use it for their greed for what is new in the market. Smartphones, iPhones, Macs, and other popular gadgets because they don't want to be left out.
In the case of gambling, I bet it will be worse. If a gambler knows that he still has money to spare by using his credit cards then he will use it without even thinking twice just to chase the losses. The sad part about this is, they haven't even withdrawn anything after they win. They cannot put it back in their credit cards but they don't want to cash out if ever they win because of their greed.
This is the one thing that I really want the government to look out for because it will bury many people in debt.

That is what it means if someone uses his credit card to gamble because he must feel that he still has a lot of money on his credit card and he hasn't even reached his credit card limit. This is why if someone cannot control the use of their credit card, it can cause them to experience problems, especially at the end of the month when they want to pay their credit card bill. He will have difficulty paying his bills if his use of money is very large. And the difficulties will increase when there is not enough money to pay the bills. I have never had a credit card because it could be dangerous for me, especially since it could make me unable to control myself in using the credit card.

And when the payment due date arrives, it can make things difficult for us because if we don't check the use of money on our credit card, we will have to pay a large bill. Even though you have the money to pay the credit card bill, all the money will probably be allocated to paying the bill and that means you won't be holding onto any more money.

Exactly, people seems to be looking for 3rd party to blame for their own mistake. If this mindset continues, there will be people who start to blame the devices (technology), the internet, the casinos, etc because these things can be said as thing that help people jump into addiction. Blaming credit card does not make any senses obviously, addiction will come even gamblers has no credit card. The chance for people to gamble when they are out of money still exist, once someone is addicted, he/she will try to get some money from different ways such as selling stuff, getting a loan, or even doing criminal like stealing.

Addiction is much connected with the self control we have over any activity. With gambling after effects used to be big as the financial instability leads life into struggle. Even a person playing with his own money gets into addiction. He losses and then finds way to borrow whereas with the use of credit card the person gambles first and then looks for the settlement. Every form of gambling could turn addictive, credit card gambling doesn't fuel addiction but it ease the way to gamble. People used to keep themselves under control as they don't have money to gamble. With credit card they were able to use money that doesn't belong to them. This gives a thinking, why don't we give a try and this further leads to massive loss and further keeping themselves in the hope of recovering the lost money.

Well, we can't also blame the people who think that way for credit cards. They way the banks make it easy for credit card holders to loan cash on their credit cards can really become the fuel for them to start gambling more. But I agree to what you have said, there should be no one to blame but the people who is addicted in gambling. If he can't control himself, they will eventually do anything to have money to gamble again. It is all about how they can stop gambling when they really have to stop.

It's not fair to blame anyone for credit card gambling they often depend on luck and self control is the most important thing. Gambling does not affect credit scores gambling will not appear on your credit history and there is no guarantee that you will be able to repay it. It doesn't judge how you spend the money you have hence gambling has no effect. No matter how many advantages credit cards have in the online casino world many people will always look for alternatives. For example, you cannot use a credit card to withdraw money some credit card companies do not allow their users to charge gambling-related transactions. So if you use your credit card to deposit money into an online casino account there is a high chance that your transfer will be blocked. Credit card users use it more for shopping and travel than for gambling. This is why it is important to change your mindset without blaming others.

Those who are addicted to gambling does not mean they do not know and understand the function of a credit card, it is just because the person does not have self-discipline and does not have a sense of responsibility for everything he does. This is what makes them behave in this way by doing reckless things by using credit cards to gamble.


It's true, this is a disaster. However, this is a disaster caused by humans themselves because they cannot control themselves over the gambling they do and this is a bad thing that only results in losses that affect themselves and even other people, namely those closest to them (family). And we must remember that trust is expensive, so this is something we must and must maintain. Don't let other people's trust, especially those closest to you, lose their trust in you because of your own bad behavior.

Well I believe that we all know the responsibilities that come with having a credit card, obviously things can get out of control, but it turns out that we are all dual, we don't need to be controlled in those things, they are a bank, the banks give the credit cards and we decide how we are going to spend the money, that is what must be understood, there is no other option but that, now once we have this type of things and we can establish a permit already acquired , because when we acquire a credit card the bank assigns it to a person of legal Age, who is an adult and who knows the answers to what he or she does This, if a person is not well, they should not play , Much less spend the money. credit card, it is not good, many things must be put in place for this , for a bank that does not allow using the credit card to buy crypto to play in a crypto casino, because for me it does not make any kind of sense, here it is Banks begin to fill with money that those who have the Credit card provided to them.

We must understand that a casino must accept credit cards because it is the only way to get money in or it is one of the ways they have a way to get money in, and if they take away the credit cards it is not good either, I think a person knows What you should do and what you Should not do with your money unless that person suffers a possible loss of their documents and then if they have to call the bank to have the card blocked, in this order of ideas we as such could do many things to To be able to establish it as something normal, the banks must have the freedom to use their FIAT money tools, it is known that if they use them they will monitor it in some way, because in FIA money things are controlled like that, but in crypto with fiat money by Card Believe it or not it doesn't look so good.

It's not fair, but that's the reality. Those who gamble using credit cards must really realize that it can cause losses for them and also cause them to lose a lot of money because gambling with credit cards makes them feel like they can gamble without any money limits. Rather than using their credit card to gamble, it would be better to use their credit card to meet their living needs because that can help them survive and benefit from their credit card.

And credit card users can indeed get blocked if the credit card company finds out that the user is using their credit card to gamble. Credit card companies would prefer their users use credit cards to shop in stores rather than gamble because it gives the credit card company a bad image.

It should always be the gambler to blame because we don't have control over ourselves and you are right that it doesn't make sense to blame credit cards as it still won't address the gambler's addiction if we ban them. Most gamblers play in cash or on their online wallets but still get addicted. I've also seen a country that bans credit cards for gambling but the gambler still finds a way to play more by borrowing money or taking out a loan. The one to blame is yourself as you are addicted to gambling and unable to control yourself.

Unfortunately for the government credit cards are not the only thing fueling addiction, there are more factors. And fortunately for the gamblers when the government eventually blocks this route, they will devise another method to finance their poor gambling habits. We still have a long way to go but this is a commendable move by the government.

People still borrow to gamble. Of course their creditors wouldn't know their reasons for needing the money. How about loan apps. Don't you think that people collect loans from those companies their strategy of paying the loan is to double the through gambling and repay the loan while they keep the profit. Those who go this extreme are those struggling with gambling addiction.

Do you know that, even if the government add a restriction on the use of the card, that’s for the card not to be accessible especially for the ones who are to spend from the loan account is being restricted they can still be able to use that card for gambling even if it’s not directly but their will still be a way.

Since it’s a loan that has been offer to the person, they can make use of that card and make some purchase in other stores either online or offline shop and request for some cash back which they can later deposit in their other account that’s if where they want to gamble only allows credit card, then from their they can still use that same loan to gamble their life out.

The best way is just to put restrictions and limit to how much individual can spend from the card and how much they can take at a time and if possible reason for such loan should be specified before they can be given to any person.

Compulsive gamblers will play wherever the source of the money comes from, credit card is  big temptation for gamblers to gamble because its a money that is available anytime and you're paying it on installment basis so having a card really fuel the addiction but its not the credit card to blame but the gambler's lack of control on the way they gamble.

Credit card and compulsive gambling are dangerous combination for a man to lose his fortune, credit companies will get everything you have for them to pay you and may even temp you to increase your credit limit to sustain your addiction, that means more profit for them.

Any addiction regardless of how wealthy a person can be is a just a disaster waiting to happen, and credit cards only make this even worse, as a person will not only lose the money they had but now they will even lose money they do not have.

However even if credit card companies are taking the step to forbid their cards for this use, there is nothing stopping such a person to make a cash withdrawal from their credit card and then use that money to fuel their addiction, so unless banks really go through the trouble of profiling a person and find out they have suffered an addiction on the past, they will always have the chance to use credit cards on this way.

    -   That's the only disadvantage of having a credit card, because any gambler who has a credit card that is used to gamble will be really tempted to gamble. Because he will think as if he never runs out of money.

But he doesn't know that while he loses often in gambling, he won't notice that he will gradually reach the credit limit of his credit card, and when that happens, his suffering will start in paying off his credit card debt for sure. Which is not the beautiful one anymore? So it is still better and better to gamble without a credit card being used by a gambler.

Exactly. A gambler won't notice that he/she is already drowning in debt because of the losses in gambling. It's convenient to have credit card but if you're going to use it in gambling that's a big mistake. It can really fuel the addiction since it's your resort to sustain your gambling habit. Then, will only realize the debt after you're slap of the reality that you made a huge losses and already reach your credit card limit.

What sad is, this happened due to lack of control, thinking you can somehow win and repay the debt. The reason why it's not advisable to borrow money just to feed your eagerness to gamble. Regardless how you spend the money, in the end you have the responsibility to repay what you owe.

Credit cards are a bridge for someone to get into debt instantly, this is what makes it easier for people to gamble nowadays because of the ease and fast transaction process, but most people use them incorrectly, thinking they can return the money borrowed from gambling, but in fact they have to pay out of cash. other things, that's why it's not recommended to gamble with debt, especially using a credit card.

Use money that is truly unused and ready to be lost so that it is easier to get used to avoiding debt, don't be a gambler who has a poor mentality where you have to use any means to get money from gambling, remind once again that gambling is not a place or source of permanent income. can give everyone money, gambling has a very high risk for gamblers to lose their money. There are enough cases of people committing suicide because they are in debt due to gambling.

You've hit the jackpot with that observation! (Not as gamblers expect, right?) It's strange how a credit card might save you in gambling. Swipe, swipe, swipe, and you dive into debt. Aren't thoughts like "Just one more bet, and I'll win it all back!" amusing (not really)? Who are we kidding?

Gambling borrowed money? That's disaster-prone. Like filling a bottomless pit. The saddest part? The realization comes after the damage. Why do we assume we can beat the system? Don't you know the house always wins? As you noted, responsibility is what matters. You pay for play. Simply put. Why not start smart?

I think there's a difference between the perspective of gambling addict and people who have a good self control. We as people who have a good self control already know if the house always win since we have an evidence about the calculation.

While those gambling addict might think only other people are lose and have a bad luck, while themselves aren't and will make money through gambling.

I think digital money has a different discipline approach as compared to fiat because if you were gambling with bands of money and are now left with a few leaves of paper you will know how reckless you were , unlike where your bank allows you to be in the negative but still have money to spend this breeds carelesness..

Financial jail and it's only in the world of fiat where you get to find this kind of stuff, but then again I wouldn't blame them because credit allocation goes with the capacity to service the loan and the credit score will give all these numbers if a user can pay it back! I guess this is a disadvantage and advantage in accessing finances otherwise with crypto it's either you have or you don't.

Let not the few bad apples make access to finance sound like a bad program, there are plenty of undocumented success stories that have come from the use of credit facilities, and anybody gambling to the extent of getting themselves into debt needs help and casinos also owe players this duty to prevent them falling into the addiction phase.

This is true facts not going to lie. I have heard people gamble using their properties and everything. So people gambling with credit card is not a big surprise. But the harm it can do is unimaginable. People think that banks are their friends. They can get loan not even asking anyone. And the banks have made it so easy to use that people always forget what it could do. The more loan you take the worst situation you get in. Once you are in a debt, it is really hard to get out.
And if you combine that with gambling, Man that's rough. The idea of credit card itself is bad. Gamble responsibly with a budget in your hand and you should never go over the budget. I think following the basic rule of gambling is the way to avoid getting addicted and people should practice that.

How many gamblers make use of the credit card to gamble, using this is not a ground for gambling addiction, since you can make decisions on any other means to follow and use in gambling, gambling addiction is what we should individually deals with and control our personal behaviours towards gambling and the kind of lifestyle we've chosen as being a gambler, all these should be in consideration towards gambling and we must ensure to have the best experience with gambling and not relating it to other things leading to our addiction.

Many people not understand the fact,the credit card will make us the debt holding person.Once the people get the loan,then he will get the habit of getting the continuous loan using their credit card.The percentage of the interest for the credit card will be huge after the certain period of time.So mostly the gambler should not used the credit card to play the game.It’s better to use the free money in the gambling or use the certain percentage of income in the gambling.Personally I don’t support the use of credit cards at any point.

You are correct, that's why most times those loaning app do requires account statement from their borrowers to allow them take loan. There reasons are to know whether those taking are capable of repaying back their loans if actually such persons do received enough money before the month runs out, but believe me or not anyone who knows that their reason is to gamble with loan they wouldn't release it to them because there are no assurance that shows such person could be able to repay back the loan all less they had another alternative to repay. While some of them needs a guarantor that could guaranteed them if they couldn't pay back their loans at the stipulated time.

In fairness, credit card are for emergency situation or problems that arises when you don't have funds available to counter the problem, this is where credit card helps but an addicted gambler that always look for a fast opportunity to have money to bet, credit card is the next thing that comes to their mind. Why have such a poor mentality that you are going to be financially stable if they borrow money from their banks; that's a worst mistake any gambler should ever think in their life because it doesn't usually end well.

Credit cards are like taking loan and banks are very smart before they issue you one, you must be a regular income earner, you will have more deposit in your accounts than withdrawal, so when gambler use their credit card for gambling, it's the gambler that suffer it the most because when a gambler borrow money to play, any money that comes to the account will be drain in milli seconds because you can't outsmart the banks.

The credit card is not bad, but it can be a tool for us to do bad things. That's why it can also be a reason to help us, depending on how we use it. Of course, if we are not sensitive or careful, this can also be the reason for us to fall into something we don't want to happen in life.

Just for example, when we use it in gambling, it is easy to say that we will not use up its contents, but when we are in actual gambling, the situation is different. When we lose, the chances increase that we become more aggressive to fight because of the desire that we have to recover what we have lost, and when this is happening, does this signal that you should think and decide whether to stop? so it doesn't get worse. The situation is still

Good thing I'm not also fond of using my credit card every time I gamble. I don't like it's high transaction fees especially that it never guarantees me to win. So I always chose to pay in cash, an amount that I can easily afford to lose. However, for me it's not using credit card that actually fuels gambling addiction but it's always the attitude of the gambler itself. If he gambles without seeing a budget limit and just decide to gamble whenever he wants to, definitely he will really fall into gambling addiction. And for those who gamble thinking that casinos are providing them source of living, then it's always possible that these gamblers will end up having gambling addiction.

It's always the attitude and control of the person though there's influence with the help of credit card knowing that you can use it as good as cash
but like what you mentioned, the high fees will hurt you, especially if you don't have the source for paying.

The interest will kill your you as it will keep increasing once you cannot pay for it. Remember that in each action you take, there's always
responsibilities that you need to consider.

Always think about the possible impact before taking the route. You are dealing with gambling and there's always a bad side-effects if you can't
handle the pressures.

well, from your statement, we can take it from the positive side that using a credit card for gambling not very good and why it is not good, the reason is that you have explained that the interest on using credit card has high costs and actually credit cards are used for more important things and are used. for something more useful, not for gambling. unfortunately there are still a lot of bettors who use credit cards to gamble and if the person has a large income it wont be problem but if they are just an ordinary employee I think the salary money is just to pay credit card bills and is the same as spending money on gambling.

The attitude of the gambler is primary as it concerns what fuels their gambling habit,, someone who has an unhealthy attitude for gambling will continue and gamble more with or without their credit cards. Credit card fueling gambling attitude is mostly seen in people who gamble on their smart devices from the comfort of their homes or space.

Most offline gambling spots or houses deals mostly with cash so credit card gambling isn't mot often found amongst them, most times people saving their card details on the site so as to avoid entering their details repeatedly is one factor that fuels the attitude subconsciously without their notice in most cases. It's advised to avoid this don't fund using your credit card as it can aswell be exposed to phishing especially when the payment window isn't secured enough.

I thought credit cards actually had a relatively low transaction fee and only kept their interest high enough, so banks would encourage people to use their credit cards and then pay for their interest.
Perhaps, it is because some banks have an added fee towards transactions which involve gambling? Or it is a thing which is common in your country (having high fees for credit transactions)?

Sorry if those questions seem to be rather dumb in your eyes, here in my lovely land, we do not have access to credit cards, we can only use cash and debit cards to buy things, and we have been restricted from many payment processors.

There are encouraging offers from the credit card companies like waiving their annual fees and I think when you're talking about transaction fees, normally it is because of the third party or what not. I don't use it and just like you I'm not fond of it maybe if I use a credit card then it should be for things like groceries and bills where I'll get more points rather than getting possibly tracking sanctioned by the credit card company if they ever seen that I've used it for gambling transactions.

I agree, that a gambler will always be a gambler, and no matter what drives him it's always his decision that makes him on the track to gamble more whatever payment method he uses.

That is for sure but there's also the reality that there are gamblers that are doing it for life and they're considered to be real life gamblers, may not be professional as the usual ones but just casually does it and while it is there, they just rely on it until it lasts.

Even though we know that house always wins, people still wanted to challenge that thought.  So gamblers will keep on trying to beat the house every time they wagered on any gambling games.  Sadly most people are carried away with the thought of beating the house and end up spending more and more money and having access to credit card make it worse.

So there are some governments that implement restrictions on the use of credit cards in order to save their citizen from having huge debt.

Thanks for clarification mate and correct I missed to elaborate that part and yes that is about the deduction .
and also that responsible using of  Credit Card is correct but we also knew that there is a temptation when we have cards in our body.
we kept believing that we have expansion of our money as we can borrow instantly and I believe in that part many people are being tricked and turns a victim of this credit card/bank provider.

That's because they see that several people have succeeded in winning at gambling, so they also want to feel that victory by playing longer and using more money. But the reality is that they cannot win from home because they are just players and not the owners of the casino. And this is done by credit card owners who use their credit cards to gamble. But they don't realize that credit card users use company money to gamble, and then at the end of the month, they have to pay their credit card bill. And the credit card bill will depend on how much money you use. With the government's ban, there is a step to save its citizens from unwise use of credit cards.

I think those are mostly the people who do not know how to use a calculator or an excel program. Or who refuse to google the probabilities of winning on the Internet as there are countless of resources that would tell them they are doomed to lose and it is only a question of time until they are broke. There is no way to beat the house and it is really all about calculating it and seeing it with their own eyes.

The credit card trap is one way to keep people spending money they actually don't have. That's the biggest threat. Overspending of money that has never been earned or not yet been earned. It's the best way into debt that can't be paid back at some point.

Credit card is a sure short way of getting poor. Staying in debt for longer periods is a short cut to getting poor.
I think government should impose restrictions on gambling sites so that they don't accept credit cards for gambling.
This simple change would create a bigger impact on the gambling addicts.

Gambling with your own budget alone makes things worse, especially with a credit card, of course it will further worsen your financial condition. Indeed, using a credit card seems easy to do, but gambling with a credit card is very risky because if we can't control ourselves well, we will get even more involved. debt and most likely it will be difficult to repay the debt, hoping that gambling can provide many benefits is the thought of someone who cannot think intelligently because achieving victory is very difficult for gamblers who chase losses too much.
Therefore, we must be responsible gamblers so that we can control ourselves well in order to avoid greater risks.

There have been many countries who banned credit card from being used for gambling purpose and it's not a new thing anymore. Even regulators have been also putting this as their main concern.
It's obviously that playing the game use credit card will make people will be trapped into the big debt. It's caused by the credit card users need to pay the interest as well.

This is also making some countries like AU has been trying to banning credict card from being used for gambling purpose. The regulators will not put this as their main concern if the impact would not be so big.

No, it all depends on your ability and also your main purpose in using credit card because some rich people use credit cards as means of payment and usually they use them in certain places.
However for gambling the use of credit cards is never recommended and I don't think there are any online casinos that will accept payments using credit cards especially for online casinos based on cryptocurrency.
Indeed going into debt just to gamble is not the right action and can become bad habit because gambling is an activity that does not have certainty about when you will win and going into debt to gamble will cause difficulties in the future.

In traditional casinos you may be able to make payments using credit card but not all casinos because some have rules and regulations for every payment made by customers.
I agree that the government should place restrictions on traditional casinos that still accept credit card payments so that there are no cases of someone getting into debt just because of gambling.

Maybe there are several countries that prohibit the use of credit cards for gambling but not many have implemented such restrictions, after all, doesn't credit have limits? Unless using an unlimited credit card, it probably won't be suitable for gambling, especially in many cases, many gamblers have a lot of debt. to loan sharks or credit card banks and the like.

The government needs to pay attention to this so that not many of their citizens become addicts and get into a lot of debt, especially as there are many cases where addicts are terrorized because of debt and commit suicide. Of course this is a real concern so that there are no more victims like that, many people die from suicide. just a matter of debt, casinos will not stop using credit cards because for them profit is the most important thing compared to the price of human life.

Debt is a major reason for suicides. Although credit cards have limits but you never know how many credit cards a person holds.
For example, a friend of my friend holds 10 credit cards to get offers and discounts for online shopping and flights etc...
Just imagine if such a person becomes addict to gambling and starts using credit cards for gambling.
He would probably use multiple credit cards for gambling and get into a larger debt.

Credit card is a bless for smart people and a curse for silly ones. Is easy as taht, the only thing you have to know is in wich one you are, in the smart one or in the silly one? You have to be 100% true to yourself to know that and to avoid problems in the future in the case you are a silly one.

Indeed, for those who knows how to use it the right way they can fully take advantage and utilize or maximize how it should be used.

While, with those who don't it can cause big problem as dividing your finances or managing your finances will be affected a lot with a single
mistake that you done with your excessive use of your credit cards.

Controlling things and make it work for you and not to work for it same with how you spend your money.

Using a credit card to gamble isn't easier than using cryptocurrencies for it, credit card payments are also done through banks and they know where you are spending the money which might also get you in trouble if your country isn't really in favor of gambling. Transaction times can also be an issue when you are using a credit card to make a payment or recharge your gambling account because we know that sometimes there are delays in transactions that go through our bank.

So, it's not like it's easy, but the only thing that might make someone use a credit card for gambling is because they can use more credits to gamble just like taking a loan, and you are right that it becomes a problem later on if someone uses a lot of credits in gambling and lose all the money in the account because they will have to repay the credits they've used.

No matter how careful, smart and disciplined one can be, I don't think it is a wise decision to gamble with credit card. For one to be a gambler, it's absolutely sure that there are days you tend to lose your bets and sometimes you'll definitely want to gamble more at least to recover your capital which at most times, you'll still lose all the money you want to use for recovery.
So of you are the type that doesn't gamble with your credit card, you'll definitely find it difficult to fund your gambling wallet or account but with your credit card connected to your gambling wallet or account, you'll not find it difficult to gamble more. So it's unwise to gamble with your credit card in my own opinion

Credit card is supposedly not to be used for gambling or else this will be a regrettable thing to happen. A responsible gambler doesn't do this because this will lead to temptation and get out of control from spending. Credit should not be connected to any gambling platform. I'm not sure if this is allowed as I don't have any idea because I don't have it and I don't like it either. Because for me, credit cards should be used in some emergencies but not for gambling.

I do not think that credit card gambling alone is what fuels gambling addiction, however I have heard of a psychological thing of that we perceive money worth more when we can touch it or see it. With a credit card, all you have to do is swipe, and that feels cheap and affordable. You do not see someone taking your cash, nor do you see a number going down. All you see is a thin plastic card getting swiped.

I am not sure what the name of this psychological phenomenon is, but I know that it exists.

When it comes to gambling, it seems that people will not think so because they will just think that now they can gamble with a lot of money from a credit card. Very rarely do people want to think about whether they are smart or stupid when using a credit card, and you can see it in people who often use it when shopping using their credit card. Maybe it's true that they have to be honest with themselves to know that and not waste their credit cards and not just use them for gambling. Perhaps people who are too stupid to only use their credit cards for gambling should cut up their credit cards so that the bill at the end of the month doesn't get bigger until they have difficulty paying the bill.

Yes, what I mean is that if someone gambles with a credit card, it looks easy, that is, it is easy to play because they can gamble with a bigger loan of course, so that they can play it freely without any obstacles when compared with their own money which is most likely used for daily living needs.

However, gambling with a credit card must be used carefully. There is nothing that prohibits using a credit card for gambling, but if cannot control yourself well and are unable to create boundaries when gambling especially if you take out a large loan, it will be a disaster for yourself if dont unable to pay the bill.

Well, what I think about this is that an addict is an addict no matter what, whatever he does, whatever it is, maybe a credit card is not going to make him more addicted, the credit card simply has a limit. and once you reach it and it no longer works for you, then in this order of ideas, what you are going to do is make the bank earn more money, due to the use of the credit card, although there are many credit cards that do not allow it to be used in casinos, exchanges, brokers, because I have witnessed a Visa card, which a broker was going to pay, I was going to make a deposit and he did not allow it, which I thought was in bad taste, until that moment I did not use that card, because So why have something that doesn't work for what I really like, I stopped using it, now I have another one, which is a master card, if they tell me the same thing again, then I'll throw it away, then this type of thing When they are associated with different types of mechanisms not to be used for, that doesn't work for me, and the truth is that I used it because it is a broker where obviously you need to leave the KYC and everything related to our data, apart from that it didn't help me, so I don't I used more, who loses there? I? They, obviously, then an addict, when they are going to use a credit card, it should be because when they reach the limit I don't know if they can Access extra-credit, it may be, but it is not recommended.

I say that it is not Recommended , because it is very annoying to have a bank calling you saying that you have to pay or something similar every month only and that every time you don't pay it is one day with more interest, so things in the banks are like that They are pretty ugly, and well, that's their business model, nothing else can be done, it's what works for them and if they do it that way the player has to stick to complying or see what the consequences are, but In reality, I don't think that makes him more or less addicted, because the problem is already there, a person is not more Addicted to a credit card.

It is better to never do this, one of the most common pieces of advice people receive when it comes to gambling is to only gamble what they can afford to lose, and since the money in a credit card is not even ours and it belongs to the bank then using a credit card automatically means we are taking a loan from it.

And this means we are gambling with money we cannot afford to lose, so it does not matter how small could be the amount we are taking from our credit cards, this simply goes against the most simple rules we need to follow when gambling and as such it is simply unacceptable to do this.

I agree with what @wxa7115 said about only gambling with money you can afford. This is intended to prevent big losses, especially since we know that gambling can make someone forget the original purpose of gambling. He can exceed the limit, especially if he uses a credit card where he can continuously deposit a certain amount of money to gamble. Previously, he only deposited enough money, but he deposited more money to continue gambling because he had found comfort in gambling.

And if we have not realized we have used a large amount of money from a credit card, we also have to pay the bill according to the money we used. Credit card companies don't want to know our reasons for using their credit cards because they only know that we have used credit cards for our benefit. Credit card companies can also close our accounts if they see that we often use their credit cards to deposit money on gambling sites because this can cause problems for them if we cannot pay the bill.

The addicted gambles won't even think about that. They only think about how to get money for gambling and that's it. They were so stupid but they don't even think about it. Im not be so naive if they were also helping the gambling industry to grow even faster than before.
The contributions from people who used balance from credit cards for gambling purposes have been increasing dramatically every year. It was triggering the regulators to ban it.

That's bad to see someone may be trapped by taking loan from using their credit cards for gambling purpose but to be honest if this is how industry is running on. I hope the regulators will reconsider their decision to ban it especially for AU.

Gamble using a credit card? It's like, why would we even think about it, right? Folks, we're just borrowing the bank's money without having a plan; it's not our money. And winning isn't done that way, is it? No way

Fun, adrenaline, and calculated risk are all part of the gambling experience, but we never use borrowed funds. Healthy gambling entails taking charge of our finances and refusing to allow the bank decide how much pleasure we can have. So let's do it correctly, wisely, and securely by keeping those credit cards hidden and out of the way of our entertainment. We're going to wager sensibly, safely, and solely with our own money

I agree that gambling should be handled with caution credit cards are not addictive here. Credit cards are generally more popular when it comes to travel. If addiction develops the person can control themselves as well as support their family and friends who can help their loved ones return to normal life. Sometimes gambling should be a fun activity but it can be a problem if people gamble to distract themselves from the daily problems of trying to make money or if they spend more money than they can afford.

Many people actually don't really understand what they are doing with the credit card they have, they think that the limit the credit card has is all their money, in fact they are very wrong, some credit card providers even deliberately collaborate with casino business owners. to make players tend to incur debt and this is what is very dangerous, if you have a credit card then never be careless to use up all the limits on the card, remember to only gamble responsibly, don't gamble with capital that you can't afford to lose.

This is actually my first time of hearing that you can actually gamble using your credit card. this particular system  is not in my country so I cannot easily relate. But trust me if it's implemented in my country, it will make lot of people go into debt, because imagine a situation where I don't have money to stake a bet, but  I can still use my credit card to enable me stake my bet, pending when I will get the money to pay back, and it will deducted directly from my account. If it's made possible in my country 😁,  I'm sure I will be indebted to all the casino companies In my country. It seriously will breed a lot of addicted gamblers, the privilege will be abused and it will breed a lot of broke gamblers.

Yes ofcourse there's a limit to a credit card beyond which we can't use but I think the use of credit card itself makes a gambler an addict.
The reason I say this is because credit cards should be used only in case of emergencies and you don't have sufficient funds to complete your necessities or if you have a great deal/discount on cards.
If a gambler is using a credit card then he has probably used his entire savings and is only left with option of taking a credit.
Using someone else's money for gambling is a bad idea and credit card does not have our money.

What country are you that credit card is not implemented?I don't think there is a country on earth that has not such system implemented honestly,as long as you have internet to access the forum in your country you should also be able to use your credit card for anything as you are making me extremely curious what country is this that they don't use credit card system?

I personally use the credit card when I am low on money as I know when I get my salary of next month I can pay that 7% amount which is in my country but depending on the country can go up to 18% as a minimum payment for the credit card.Of course this in the end fuels gambling addiction and also debt  ;D.

If you have a credit card, you must use it wisely because you could experience difficulties when paying the bill. We will not find it difficult to swipe our credit card to pay for something or to gamble so we may forget how much money we have used. And it will all show up on your bill at the end of the month.

If a person cannot manage his credit card use, whether for gambling or other things, he will have to pay many bills. Therefore, it is better not to have a credit card if we feel we are not smart in managing our credit card use.

And if many people were allowed to use their credit cards to gamble, many would probably go bankrupt. They will find it difficult to control the use of their credit cards because they only need to insert their credit cards and the money will go into their gambling accounts. And this can also trigger someone to experience a gambling addiction.

I'm from Nigeria, and what we usually use here is debit card, though there are very few number of persons that have credit card, but what is in general use is debit card, and you cannot make purchase if you don't have funds in it, on like credit card that gives you a leverage to still make purchase even if you don't have money at that moment, pending when you will paid your salary, so you could pay back your debt. So when I tell you that casino companies or bet sites, don't give us that leverage of credit card usage, I'm not exaggerating, because it's a real situation here.

I can't agree with you. People do understand what they are doing by using their credit card for gambling. They do know how big the risk by using their creditcard for the gambling despite a big interest that must be paid by them but their addiction is far stronger to push them to use their credit card for gambling. I think that if they have two sides which are saying yes and no but the addiction has strong influence on their final decision. They were seeing credit card as the easiest way to get money.

I think that we are all know about the risk. In fact, their addiction was controlling their mind for the decision making, yet they are not having strong interest to prevent themselve to do that.
I see no solution for this other than try to leave from their addiction. They will always be looking for the way to get easy money to gamble with. This is the main problem that's hardly to be solved .

People shall be careful when using credit card caused by the interest is quite big and they will be so hard at paying their debt.

It always made me laugh. And I’m also amazed that there are many companies/people who make money by helping people with bad credit history get a loan. And naturally, advertising of their services is presented as something positive: “We’ll help you get a loan!” as if a loan is some kind of gift and not a forced measure.


This sounds dubious; it seems to me that there is a very large percentage of non-payers among gamblers (especially those with pronounced addictions). This is an unfavorable category of borrowers.

Well it may be that if you think that if they can do it it's fine, I didn't discuss it, just because I think something, when a person wants something, they achieve it, and if that person is able to use a credit card to leave it at zero regardless He who has to pay monthly, well that's that person's problem, I couldn't do something like that, first because in the country I'm in they don't have such a developed system, well it doesn't matter if you use credit cards or not because in In reality, local money is not worth anything due to the high inflation that exists, so it is not worth having a credit card because in the end nothing will be done, it could be that in other countries people use the credit card and can give many things and many benefits, and if a person knows that by using the credit card their credit life may be in danger, because if they do not pay on time things get ugly, well, it is an option that is available, that is why When an eprpna has a credit card, they should use it for what it is, for an emergency, that is what is normally recommended, it is good to pay attention to these types of things, because later it will be worse, especially if you do not have the ability to pay. apart.

An addicted gambler will look for money from Anywhere, credit cards or where they can grant him a loan, which is quite difficult to get, but he cannot request it , as well as they can also do other types of things, such as asking for a loan from family. Friends, because an addicted person does not measure the degree of commitment that comes with lending money, and that it has to be returned, why at the time of paying, where is the addicted person going to get money from? If there is no other way, I think that by making more loans to pay what they have, this is something that is not completely correct, in fact it is one of the strongest errors that there is about a person's private economy, this is only due to To avoid all of this, it is best to Play in a Casino without using any type of banking Tool.

Using a debit card to gamble also risks losing large amounts of money. People need to insert their debit card to deposit money and they can start playing. And if they lose and lose all their money, they can deposit another amount directly from their debit card. And that's where problem after problem will arise and they will start losing more money on their debit card than they could ever imagine.

Using a credit or debit card will not allow you to make money but you could lose all the money. And if you use a credit card, you will have to pay a very large bill if you continue to deposit money to gamble. And that has happened to many people so they have to be careful when using their money to gamble.

Credit cards are gifts of fortune to humanity if you know how to use them, and you would be doing terrible if you have no idea. Between me and my wife, we could spend as much as 20 thousand dollars on our credit cards, if we start to consider our parents that would be 6 people and we are talking about even more than 60k, something like 75k at least that we could spend on credit cards.

Many startups do not even have 75k dollars that they can spend, all those people who constantly go "I need investment for my startup venture" would be begging people for that much money, so that's a good chunk of money that you are allowed to spend without having it yourself. And yet, some people use it for gambling? That is the silliest thing that I have ever heard, it would not make any sense to spend that money on gambling when you could use it for so much and could profit so much more, it would not make any sense to keep it going like that for a long time.

Loud and clear, having access to credit card without money on it will make you do stupid things and make the wrong decisions, it's credit card after all isn't it? This is why I don't have my bank account registered with any card, not even an ATM card, because it makes me want to spend unnecessarily, so instead of accepting credit cards I prefer to use online bank transfer, it's not easy to get into as I have locks with different security combinations, the easiest way I can pay for things online is using crypto is they accept it.

When it's hard to spend your money it will be hard to make bad decisions, but having access to a credit card will probably make you and up in debt, you need to know what you are doing, how much you are spending in a week, maybe you are even spending more than you should? That's why every expenses must be accountable for.

Some people just wake up everyday and go to work, they get paid while working hard but they don't calculate how much they are spending, how will such people think about saving up for investment or other things? It's an example of living a careless life.

Both have that risk but comparing to credit card once you already empty your debit card then you are done and there's nothing you can do but
to move forward and accept that bad luck that happens to you.

Unlike with credit card, after you maximize your limit the after effect is to find ways to pay your debt and most of the time since you already
attached too much into gambling, the source of money might be risked back to continue playing.

Meaning to say that instead of paying your debt, you will use the money and you will lose it all the way.

In my country banks hardly issue credit cards because our financial system is still growing. Another reason might be because the National Identity System of my country is not very functional. But gambling with your debit card is like using your funds to stake. But gambling with a credit card is gambling with the money you don't even have. It is like borrowing with interest for gambling. Using both credit and debit cards can fuel gambling addiction but I think credit cards will have more negative consequences. It would have been better if the government restricted the use of credit cards because it can plunge someone into deep debt. 

Maybe he is living in a country where gambling or the credit card use in it is banned? But even so, it is strange that he didn't know that it was possible on other countries. You didn't clear out if on what thing you are spending your credit.

But, I'd be glad if it's not to feed your gambling appetite. This is because there is no assurance to win more money in it but you can spend the credit in the things that you can guarantee have and use. Paying your credit this way is not going to be much tiring. What you did is right. We should first think if we can pay the credit before we start using our cards so that it won't cause us to be more problematic.

Risk would be bigger; imagine impulsive gamblers betting huge amount simply because for them it would be ‘free money’ if ever they would be continuously winning. Unfortunately there’s no such thing as consistent in this industry. A hard earned money would be harder to spend to something which would give you uncertainty while an amount which is not yet in your hands, with a mindset of being able to pay it partially, would be easier for sure. A gambler could be careless with gambling using credit card and not minding the total to be paid. Losing is more certain in gambling and in such way, you’d just be a gambler surprised of the amount of debt you are facing. However I won’t associate this to gambling addiction and rather poor decision making. Imagine paying the interest of the amount you have borrowed and gambled. It would obviously be bigger than it should be.

Yes, both present risks that will each result in losing the same amount of money. The difference is with a debit card, when we use it to gamble, the money will be used immediately and if we lose, we won't have the money anymore. But if they use a credit card, they will pay a large bill at the end of the month and if they need the money, they can't pay it. But both can cause someone to lose their money.

And that is why, if someone wants to gamble, he must determine the amount of money before gambling. He must also be able to decide on how long he needs to gamble and how much money he should use. And if you want to gamble, you should refrain from gamble excessively because it is not good for your finances.

It varies from other countries. Maybe your country limits credit cards to only people who can pay the fees or there are other reasons. But in other countries, banks can easily issue credit cards to many people and they can even gamble with their credit cards easily. People who use credit cards to gamble have no problems at all when it comes to paying their bills so everything is still working fine. And it is true what you say that using credit and debit cards can trigger gambling addiction and both have more negative consequences because they will not realize how much money they are using for gambling.

That is what it is been proposed in several countries, as in this case not only gamblers are affected due to losing even more wealth than what they had saved, even banks are suffering the consequences as it is difficult to get their money back when a gambler has used their credit cards for this purpose, since someone that is that desperate to do this most likely does not have any more money they can use to pay their debts.

And at least to me this is a move in the right direction, as the interest rates you need to pay for any money you get from your credit card are too high, to the point a single night out of control could be enough to waste years of your life as you try to pay back that debt.

That's the reason why I don't link my credit card to my online casino, or I don't use my credit card to gamble because I know it will be a bad idea, and I will continue to use my credit card as I start it, so I keep away from gambling. Let's say it's my limitation; I only use the money that I allocate for gambling and have the discipline to not use other money. I value my money not to be lost, so as long as I can, I will never ever use my credit card for my hobby, which is gambling. Using my credit card for gambling is like having a debt that will take a toll on me and could get me into a tight situation, which I avoid as long as I can. Rather, I fuel my gambling from my other sidelines which I have invested. 

I have the exact same reasoning for not using my credit card at all during my everyday life. The only time I use my credit card is when I go traveling and want to have another layer of security. With a credit card I can get money all around the world and have a direct credit line, so in case of an emergency I don't have to worry about having enough money on the account. This is also exactly why I would never use my credit card for gambling. The risk is too big that I would use more money than I really want to. Already the idea of having the possibility to go into overdraft during a period of bad beats is scary to me. This could lead to a downward spiral during a losing streak from which it's going to be very hard to get out of. To me the traditional way of depositing first money and then gambling with our bankroll without using credit is much better. Like that I can remain in full control and don't have to worry so much.

What about using your credit card to pay for other hobbies you may have or you could have in the future?
Let us say you get into video games, movies or riding bicycles, etc. Would you still keep your credit card at bay or would not mind to get into a little bit of debt for it?
Because we can see the use of credit as only to be intended to pay for esencial things, but since those hobbies which I mentioned could be less likely to devolve into an spiral of money spending, some would may feel more comfortable spending on them than gambling.
I am on the side of only using the credit card to fuel esencial purchases and use debit for hobbies, not matter better they have anything to do with gambling or not.

 

We have a different hobbies and some of those hobbies are money generating hobbies which some of us can consider as investment, hobby is the secondary purpose. Depending on how financial literate you are, you can use your credit card to for good. As long as you know that you will not be in debt by using it or for short you are responsible in using your credit card, there's no harm in it. Having control on what or where to spend it is essential in having those. I believe that having a credit card is a huge responsibility since it can be a burden to you if you use it in a wrong way. My conclusion is credit card shouldn't be used on gambling, since just by using it there means you are not responsible.

The gambler can use the credit cards top inverse in the trading as compared to using of the credit cards in the gambling sites.The credit card will have limit based on your salary,So it help to play your more game as compared to the normal deposit by using the debit cards.The credit card can be used to buy crypto and you can move the crypto profit into the gambling sites.So you no need to worry about the crypto profit on the gambling sites.The credit cards have huge responsibility compared to the debit cards,because the loan we are getting in cash need to pay with more interest to the bank after the huge period of time.

I agree that as long as you're responsible in using your credit cards it won't be harmful to you. Although unfortunately, most of the time people misuse credit cards because they weren't knowledgeable enough about financial literacy. In the end, instead of being of help, it becomes a burden because pile of debts accumulate over and over with its interest on top of it, resulting to having so many financial obligations to fulfill by its due date or even past its due date.

Credit cards are really helpful because one can take advantage of such when things go tight and you can even earn rewards for frequent usage. Sure, it can be used to gambling too to finance the bets and plays. Although it's just risky since some people becomes addicted, so I'm not really fan of its usage in gambling. But it's just me. As long as there will be casinos and gambling websites that will accept such, then good for the gamblers who rely on using their credit cards. What's important is that they will pay on time and fulfill their dues.

The point is how we are responsible with what we use. When it comes to using a credit card, we are responsible for our use and don't use it carelessly because we can quickly swipe a credit card to buy something we want or use it for gambling. Having a credit card is a convenience for people. Still, if they don't realize that behind it all, there is a burden of responsibility that we have to overcome, we might not use credit cards well. And that will cause difficulties at the end of the month because we have to pay many bills.

But if we can use a credit card well, we will get benefits from the credit card because we can buy something first without using our money even though we have to pay the bill at the end of the month. But we will not use credit cards incorrectly because we can be responsible for the credit card.

Credit cards have their place, so if for example your car breaks down and right now you do not have the money necessary to pay for the repair bill, you can use your credit card to pay for it and then adjust the budget of the next month and reduce your expenses so you can pay that money before you even have to pay interests on that money.

However very rarely people use their credit cards like this, and instead they use them to buy what they want, so they get too much credit card debt and then it becomes really difficult for them to afford even the minimum payment.

There's a study about this phenomenon already and if I recall the gist of this study, our brain perceives the loss of physical cash as a physical loss of property so we tend to be conscious about how we spend our money if it's cold hard cash but if we use a credit card, we don't feel the same thing because we get our card back and so there really was no loss happening. I don't have the study to back it up although I would probably go back to provide it. And with my recollection, we can conclude why credit is fueling our gambling addiction because we don't see any loss since you swipe it and you got the chips or whatever it is, you don't see it unless you finally check your spending or your bank talks to you about your credit being maxed out.

That is an example of the correct use of a credit card because the function of a credit card is to support us when we don't carry cash and can pay using a credit card. But we also need to adjust our credit card usage because otherwise, we could end up paying large credit card bills that we can't afford.

But if people with credit cards use them unwisely, they will experience problems when they have to pay their bills. After all, if we shop less often, we don't need a credit card to buy daily necessities.

There are no specifications where credit cards can be used and that's why we are responsible for whatever we use our credit card to do provided that we willingly used it. There is an option to to connect one's credit card to his gambling account thereby making the person not to deposit money again in the account but to gamble while every needed funds is withdrawn from the debit card. I think it's unwise to use connect our credits cards to our gambling account as it'll increase the chances of gambling beyond our initial budget.

Yes, that's true. With all the convenience that we can get from a credit card, it will only make us forget to control the use of the credit card, even if we use the credit card for gambling. This will be very risky for us because if we forget or lose control while gambling, we can use the money provided by the credit card to continue gambling. And because of the temptation of gambling, we can continue to gamble, which will make us have to pay a large bill at the end of the month. So it is not recommended to use a credit card or debit card because the convenience provided can make us complacent and ultimately unable to control the use of the card.