Credit card gambling fuels gambling addiction

[Westinhome]

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.

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.

[chaser15]

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.

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.

[ethereumhunter]

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.

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.

[Oilacris]

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.

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.

[danherbias07]

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.

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.

[ethereumhunter]

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.

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.

[Bitinity]

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.

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.

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.

[romero121]

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.

[angrybirdy]

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.

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.

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.

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.

[Negotiation]

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.

[topbitcoin]

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.

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.

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.

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.

[LUCKMCFLY]

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.

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.

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.

[maydna]

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.

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.

[xSkylarx]

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.

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.

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.

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.

[Davidvictorson]

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.

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.

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 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.

[Ever-young]

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.

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.

[coin-investor]

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.

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.

[wxa7115]

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.

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.

[Mr. Magkaisa]

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.

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.

    -   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.

[lienfaye]

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.

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.

    -   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.