Credit card gambling fuels gambling addiction

[Hispo]

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. 

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.

 

[abel1337]

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. 

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.

[Westinhome]

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.

[AicecreaME]

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.

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.

[maydna]

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.

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.

[wxa7115]

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.

[Latviand]

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.

[maydna]

~snip~

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.

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.

[Docnaster]

~snip~

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.

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.

[maydna]

~snip~

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.