Is this considered a safe practice - page 13.

bitterguy28

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

you know what? because credit card users are the best target for becoming addicted and can play unlimited amount not like those who use fiat to deposit and play because they are limited in their money to use.
try not to deal in gambling with Credit cards if you don't want to be a loser all your life . gambling mate needs to be treated with self control and if you have none of that then best do not gamble at all .

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

Personally, I wouldn't take that risk. Nowadays, we have plenty of crypto casinos available, so why expose your personal information by using a credit card? Instead of focusing on the bonuses or other incentives, it's crucial to consider the potential risks associated with sharing your credit card details.

romero121

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Usage of credit card is good when we know well about the interest and the timelines. Next thing whether it is credit card or debit card just use it and never have the information saved on the platform for future usage. These days every platform request whether to save the information for future usage.

Importantly when you prefer using credit card for gambling activities be sure of your limit. Initially you use just to claim the bonus. At some point you might get triggered to spend into gambling. Here we don't have the assurance of win, if won it is your good luck. In an unlucky day the loss needs to be settled with the interest within the timeline. This gonna be highly riskier, so know well and use it.

livingfree

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

Simple, your credit company will detect on how are you spending your money. I wouldn't dare to use my credit card to any casino unless I'm on that situation of life that I badly want to gamble and I've got no other source of money but CC is what I've got left.

I'm not sure how these companies will react if they will review your history and activities but it's possible that they'll have a bad impression to you and they may adjust your limit into a lower amount. Well, that's just me and that's what I think how they will react after reviewing someone who uses his CC for gambling.

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I would not consider it to be a safe practice, that is why I usually like Bitcoin gambling over FIAT gambling. However, it is a matter of a personal decision.

If you think that the benefit/risk ratio is acceptable, I would say that you can go for it, however, you also need to remember than using a credit card to gamble can have consequences on your credit score if you allow yourself to get carried away by the thrill and the casino games.

Credit and gambling is a bad mixture, after all. So be careful. Tongue

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

That $200 on which your friend had mentioned, pretty sure it does have that nasty terms and conditions before he could be able to pull that amount on. We know that gambling businesses are business which they

arent that dumb on giving free money on anyone on just simply registering or depositing via their credit cards plus asking out for some specific credit score basing on the bonus that they could get?
This is somewhat my first time on hearing it out but to assume on what are their intents or motives is that if someone does have that high credit score are to those people who are really that good
on their finances because you cant reach up those numbers if you arent that good in regarding with those cards you do have.

Assuming that once these people would become that addicted then spending tons is possible and thats a revenue for them. Not really that shocking if business would really be having
that kind of offering on something that could potentially bring out profits even more if things turns out to be going on what they have been intending on the first place.

Cling18

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You are firstly endangering your personal data. I don't believe using a credit card as a payment option on online casinos is always secure. Your personal information could be compromised, thus it is best to utilize another payment method if you can.
Regardless of whatever bonuses or promotions you may be receiving, borrowing money to gambling is not a good idea. You should get rid of it because there is a high likelihood that you may succumb to temptation or be constantly drawn to gambling. Use only the money that you can afford to lose when you gamble.

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

If you don't value your privacy then you can make use of your credit cards for gambling sites deposit. Also if you have already passed the KYC verification of a gambling sites then you don't have anything more to hide since they can get all the information they need from there.

Some casino give attractive bonuses to this means of deposit so they can verify the information of their customers to avoid failing regulations. There's so much underage gambling going that gambling sites are looking for means to avoid enabling it on their sites.

I value my privacy that's why I only gamble with cryptocurency related casinos. I can deposit my funds and withdraw using cryptocurency without exposing my identity to the sites. Some of them require KYC while others don't and that's how I choose.

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card at online casinos? Any? Would you dare do such to earn more money?

Under normal circumstances, your credit cards cant approve any payment unless it has approval from the bank through Through an OTP code that will be generated and sent to your phone number or from your hardware token device.
But then I have heard some ugly stories where the user's credit balance getting wiped because of the linking of their credit card to a casino, so I prefer to use the direct crypto deposit method without connecting my bank or any other traditional payment processing.

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I've not used a credit card but from what I've heard, they can use your credit card details to get more from you. That would make cards not worth using but you will only realize this once it happened already where you have bought things you have no idea when you bought them. Certainly not a safe practice all because of the $200 especially when a casino is not known for its reputation.

CryptoHeadlineNews

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$.

A casino will never advertise a stuff they can never benefit
from, and that's why for a gambler to use his credit cards on several casinos for the sole aim of free sign up bonus offer is very risky, because in must scenario not all those free bonus has an requirements that can be easily meant for withdrawal. Secondly, due to the rate of deposit error that could be encountered while using credit card, I think it will be far more better if funds are deposited directly from Bitcoin wallet rather than through credit cards. While thirdly, gamblers should stick to using only reputable casinos for safety reasons, so as to avoid getting scammed.

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

I do not recommend using credit cards to be in a casino and play, because quickly if your country becomes very intense in KYC requirements they will detect that you are a casino player, and if it is a crypto casino they will know in your government that you handle crypto , they will have you signed, unless you use other platforms that are only fiat, but I do not recommend it, it is preferable to buy crypto and manage everything with crypto, but without the use of a credit card, try not to put the data on it to governments, I am telling you this because I come from a country where they want to be in control of everything, and I am in another country where I take great care of my back, especially when it comes to money.

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Quote from: coolcoinz on May 16, 2023, 02:40:10 PM

It's important to understand why they are willing to give you a bonus. Nothing is ever for free and nobody will give you money just like that.
There's this good old saying: if you don't know what the product is, you are the product.

So, the important part is, how much are you willing to risk and sell for the bonus. Do you have a lot of money on the account associated with the card? Do you often use it? How important is the bonus for yo? For me it's completely unimportant because I have money and I don't use a credit card at all, so for me to sell my data anywhere, they'd have to pay me a lot of money. If you can get $200 and you consider that to be a lot of money, by all means, go for it.

it boils down to your priority here, your data privacy over few hundred bucks. we don't know their ulterior motives why they are doing such promotion. but the more your personal details are exposed to unknown actors in cyberspace, the more you are vulnerable to privacy attacks. so i won't consider this as safe. if you have the option to be anonymous and not use your credit card, better go for it. better cover such angle rather than regret later on.

coolcoinz

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It's important to understand why they are willing to give you a bonus. Nothing is ever for free and nobody will give you money just like that.
There's this good old saying: if you don't know what the product is, you are the product.

So, the important part is, how much are you willing to risk and sell for the bonus. Do you have a lot of money on the account associated with the card? Do you often use it? How important is the bonus for yo? For me it's completely unimportant because I have money and I don't use a credit card at all, so for me to sell my data anywhere, they'd have to pay me a lot of money. If you can get $200 and you consider that to be a lot of money, by all means, go for it.

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

It's an absolute dumb idea to use a credit card in a casino. I also advise people not to buy bitcoin using credit card. These are risky businesses and you already have a very stable source of income which is higher than your credit card debt, it's not at all advisable to use credit card. It easy to get addicted in gambling and then your debt will start getting out of control. So never use your credit card for gambling or investing into cryptocurrency. Your financial risk just doubles up.

Ideally if you want to gamble, put a strict limit and maintain that if you really want to stay out of trouble.

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Quote from: Slow death on May 16, 2023, 06:45:04 AM

well, from what I could understand your intention is to use a credit card in a new casino, honestly the danger in doing that is very great, the casino can claim that the deposit did not arrive in their account, you will have a big headache to go to the bank and ask for a bank statement to be able to give it to the casino and if the casino is not a long-term scam, you will have the misfortune of creating an account in a short-term scam casino they will disappear as soon as you make the deposit, they will not answer you if you contact them. that's why in my opinion it's better that you avoid using new casinos, choose the old casinos that already have a great reputation for years

another problem is that if you use your credit card in a reputable casino and over time you win a lot of money then when you withdraw all the money or even make withdrawals in parts you can be called at your bank to have to respond what is the origin of the money and if your country has strict laws about gambling then the bank can close your bank account and you will also have problems in any other bank in your country that you are going to open an account and you are using your card in casino. in my opinion it is not worth taking that risk of using bank cards in casinos.

Agreed. Although that risk generally goes down the more you play with reputable casinos and the more you play with a casino that you trust. So to crack the code, just play with a gambling site that you trust and stick with it. Or maybe OP can ask for his friend's casino of choice seeing as he's earning something from it, and he's also with a trustworthy casino to boot!

I'd also agree with the taxation issues that may ensue from using your credit card. But the biggest risk of all for me when you use credit cards for gambling is the fact that you're likely to lose self-control. Normally you'd go on a budget when you gamble but since you have a credit card, you'd put it over and over and over again to your tab. Eventually if left unpaid this will cause you huge detriments, and of course gambling addiction. I won't be the guy to lecture OP on how he shouldn't use a credit card for gambling, seeing as he's probably made his mind the moment he made this post, but then again if it's worth something I really wouldn't suggest using your CC.

Mate2237

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Not all are good. If the online casino accept credit cards as one the payment method then you can use it because before they requested the credit card as one of their payment method, they would secure the card for you and I know that nothing will happen to your card. But whereby they is no option to use in the site (which the original site) and you see another artificial site and imputed your card details there and your funds got lost, you don't have to blame them. Always follow the instructions of the casino company to have fair landing. And one thing I will tell you is that don't always follow bonus or reward in casinos because it might land you in a very bad way. In some time play your games and logout.

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Quote from: Eternad on May 16, 2023, 12:33:02 PM

I believe the main point of this thread is to check the negative impact of using credit card since he wants to get the benefits by using it on a casino. I don’t see any info regarding having an edge when using credit rather than the bonus which his friends told.

This thread purposed is just an inquiry for possible negative outcome when using credit card. I doubt OP will stop using credit card when reading some warning here since he have a friend that keeps encouraging him to use it. Cheesy

Some casinos that offer enticing bonuses use it as a trap to attract gamblers. I am not comfortable using my credit card for online transactions especially if it is not a reputable one. I will never do such if the casino is a new one because they can be fraudulent. You can deposit funds and they disappear the next minute.

This kind of casino can also be designed to steal or have access to the data or pin of the card. But another way of minimizing the loss is to have a special account solely opened for this kind of deposit. I will ensure that the funds in the account will be very minimal. These bonuses can also lead to gambling addiction because gamblers might be moved to gamble more because of these bonuses.

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Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

I'd rather not and choose other platforms which won't require me to do so. It is safe than to be sorry right? Bonuses are good but if it would endanger my savings then that's a big no for me. Only engage if you really trust that gambling platform or if it has a good reputation in this industry. But as I've said it would be better to move to other platform and to act safely especially in this industry where anonymous transactions really occur. Ddisadvantage is somehow giving personal information such as bank details even if that is just your card number so just to avoid worse things to happen, just be patient until you found another platform which would more go inline with your demands.

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Quote from: CarnagexD on May 16, 2023, 11:48:50 AM

Quote from: Crypt0Gore on May 16, 2023, 05:15:36 AM

Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one

What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?

I don't thing that using credit cards or putting an expected amount will gie you greater edge of winning. I think that is your point. When your friend used credit card and credit almost 800$, then he win more, you want that thing happening for you too. That's foolish. If using credit card will give you greater security,perks, discounts, and you can manage your money and gambling better, then use it. Otherwise if it is just an intuition for something, then don't.

I believe the main point of this thread is to check the negative impact of using credit card since he wants to get the benefits by using it on a casino. I don’t see any info regarding having an edge when using credit rather than the bonus which his friends told.

This thread purposed is just an inquiry for possible negative outcome when using credit card. I doubt OP will stop using credit card when reading some warning here since he have a friend that keeps encouraging him to use it. Cheesy

Topic: Is this considered a safe practice - page 13. (Read 1527 times)