Topic: Credit card gambling fuels gambling addiction - page 5. (Read 1845 times)

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

    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.