Topic: Credit card gambling fuels gambling addiction - page 7. (Read 1461 times)

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

You would be surprised that if you connect your debit card you would get same result 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

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.  

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.

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.

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.

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  



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.