Topic: Credit card gambling fuels gambling addiction - page 12. (Read 1461 times)

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.  

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.

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. 

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.