Is this considered a safe practice - page 14.

CarnagexD

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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 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.

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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?

I don't think it's a good practice. Everyone already shared their opinion and it seems like the majority of the people think the same as me. I always prefer crypto casinos. Crypto casinos also offer bonuses on deposits. Using your card information at a random casino is not a safe thing to do.

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Will you take such risks with your card for such rewards?

No. I won't take such risks just for some bonuses.

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What are the disadvantages of using a credit card on online casinos?

Not only from online casinos but also from any website there is a chance to your information gets stolen. I remember I had a virtual credit card and I used to use it to buy game credits. I don't remember on which site I used it. But, a few weeks later I figured out my information was stolen and someone used my visa card to buy something from online. So, you never know which site saving your card information.

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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

A casino usually gives some perks to the user that uses credit cards because this user has a high tendency of playing more once they lose since credit is very easy to spend rather than a manual deposit using crypto or fiat from a bank account. Those lucrative perks are just a cherry for a casino once the players are playing in the long term since they know that they have the advantage in the long term. Does your friend is still playing? Make sure to know when to stop before he buried himself in a bunch of credit card debt.

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?

The only disadvantage of using a credit card is you might be a victim of online theft especially if you connect your credit card to on unsecured website or your computer have malware that gives hacker access to your credit card details. That's the worst nightmare of credit card user especially if you have a huge credit limit.

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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 need to understand that this is what people had been using even before the reign of cryptocurrency. No we all have seen that there is a better way we can do this without exposing our credentials to the public or a casino. Those that are gambling on a fiat casinos would have no option that to keep dropping there credit card details in order to gun there accounts.

I would not advise anyone to use there credit card details to to find there online casino account because using crypto is the best way to bet online without any issue or knowing who you are or where you come from. Everything is anonymous with cryptocurrency to an extend that is why it is the best option.

Jody.Drummer

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Actually in this case I think it will be a double edged sword given the conditions indeed in this case it would be a decent enough bonus but on the other hand using it I personally prefer not to be there. Moreover, I haven't come across such a site for now and maybe it's something new because with the conditions they seem to be targeting a lot of visitors.
The problem in this case is whether it will really be guaranteed especially for the new site conditions.
I personally still like anonymity and when giving this credit card indirectly apart from disturbing my anonymity, on the other hand I also become a little worried about what will happen later with the credit card that I entered only for bonuses which I really didn't really expect.

tbct_mt2

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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?

It is like you should never connect your Bitcoin wallet to the Internet more than what you need. The best is airgap wallet, keep it offline.

Similar for Credit card, if you want to be safer, don't use it on strange platform or on many platforms. If you carelessly use your Credit card, if you get caught by scammers, you will lose your money and even don't know why and where you make your mistake.

You can use your Debit card to reduce risk.

YOSHIE

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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?

Online gambling, users bet using a credit card with the deposit method, is currently the easiest way and is often done by many bettors, especially in sports betting.

Of course, apart from the advantages of using a credit card in gambling, credit cards are also prone to losses or negative things that could happen.
Example:

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First, there is a fee that must be incurred by the gamblers. Credit cards allow gamblers to bet large amounts, but the fees charged by credit cards are also quite high. Fees charged by credit cards can drain gamblers' money.

Secondly, there is also a risk of fraud to be aware of. Credit cards allow gamblers to bet large amounts, but it also allows scammers to take advantage of gamblers. therefore, gamblers must be careful when betting using a credit card.

Thirdly, there is also the risk of identity theft to be aware of. Credit cards allow gamblers to bet large amounts, but it also allows thieves to steal gamblers' personal information. therefore, gamblers must be careful when using a credit card.

Conclusion:
From the quote above, it can be concluded that gambling using a credit card can be profitable and can be a loss, for this you need to be careful and pay attention to things that can cause big losses, as in the quote above, but for me, given the high risk, of course I don't dare to gamble with a credit card.

gantez

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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?

Not taking the dump decision because of bonus rewards.

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

Will you take such risks with your card for such rewards?

No

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

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$.

How is the casino reputation? Maybe you provide the name to see if you are not making mistake . If your investment profit is too good you have to be careful in doing it.

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?

Some disadvantage is that the security risk is high, it can lead you to keep playing when there is no limit and that is a way to risk your money and addiction. The charge on fees or interest is high

bangjoe

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Quote from: un_rank on May 16, 2023, 07:42:24 AM

I will rather use a crypto casino which does not undermine my privacy and still offers certain bonuses on deposits.

Trusting your credit card puts you at risk of losing your details if their logs are hacked, the deposits can also be set automatically and fuel addiction. If you are not playing on a crypto casino, fund your gambling account directly without revealing your private financial information.

- Jay -

I think so too, I prefer to use cryptocurrency gambling that makes me feel safer and have regulation without worry.
Yes, of course, but about without data, the average crypto gambling also now has KYC requirements, with the sense that personal data must be included in the platform, it can be done but has a certain limit for withdrawal.
What I am afraid of the use of this credit card is that it is easy to fall into addiction that causes the end of the month bills to be very swollen, and what might be worse is an account hacking, and people who have hacked it will be easy to use it if it is connected to the gambling platform.

bitbollo

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There Is a reason of we use btc or crypto coins to bet Roll Eyes

And mostly It reduces to zero any issue related credit card used ...but If the gambling site is well-known/official/licensed and has a good reputation... I don't see any risk worthy of note other than the usual ones related to provide this kind of data.
Really important, read always the terms of use (TOS) carefully and check bank account statement regurarly to avoid "unknown"

charges.

tusandii

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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?

If any casino gives its customers the option to use a credit card to be able to get a free bonus gift when signing up, then it is the gambler's choice whether they are willing to do this just to get the bonus.
Personally, I prefer another way that doesn't need to include things I personally think about finances.
Because I myself don't like it when other parties know anything about anything related to finance.

As for the downsides of using a credit card at an online casino, I don't know about it because it's also the first time I've heard of a casino requiring a credit card, but I think it's a privacy policy that it shouldn't be used just for registering at an online casino.
Whatever the prize, I will never do it because I am more concerned with the long term of my credit card, so that one day if there is a problem our credit card is not blocked.

Peanutswar

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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?

For the pros, you can use your card for an easier way to deposit of money to the gambling casino. The cons are they can now have your details related to the bank card of fact some of the cards required your name and other information to you so if the casino is not reliable this becomes bad news even though it is still its your data privacy you must need to become aware of your data and there are a lot of miners of it today in the new era of internet and could possible sell your credentials. Better to use your other card for only extra money if you have and suitable if debit than credit to prevent excessive gambling.

Mauser

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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?

So far I haven't heard that credit cards are getting better bonuses than all the other methods to deposit money at a casino. And what role does the credit score plays in there? You always have to deposit the money up front before gambling, so our credit shouldn't really be a concern for the casino. Personally I rarely use my credit card and would prefer to not use it, but if the bonus is higher with it I would use. It's not like there is any risk involved with our credit card. All the major credit card companies have insurance against fraud, in case a third party would get access to our credit card details. Still casinos shouldn't discriminate against one type of payment, and should offer the same bonuses if you use crypto or fiat money.

aioc

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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?

Money on credit cards is not money you own, its money that you are borrowing, and the first rule of responsible gambling is to only play with money that can you can afford to lose or just excess money from your basic needs, there's a big risk playing with your credit card and besides not all credit issuer allow using their card on gambling platform, they don't encourage gambling because they know the repercussion of supporting gamblers using their card.

Plaguedeath

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Quote from: Victorybit1 on May 16, 2023, 08:37:53 AM

The disadvantage of using One's personal debit or credit card is fraudulent or unauthorized charges which I dislike a lot.

You need to ask the casino if there's will be an additional charge for using debit or credit card to gamble, this will make you know and calculate before choose debit or credit card to gamble. If they've said there's no charge, but it actually has charge of some amount from your money, you can report it and advice people to not gamble on that's casino.

piebeyb

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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?

why look for something complicated when there are cryptocurrencies that are much easier than credit cards, moreover a lot of credit card hacking it seems that very few people use it because in my opinion it is not safe to use a credit card in a casino let alone shopping online linking a credit card on a site.

Honestly for me it's not safe, it's better to just use crypto because it can be more anonymous and also transactions are faster. after all, credit cards are not a safe practice to use on an online site including casinos, but everything returns to the user, I don't recommend using a credit card Grin

Victorybit1

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I use virtual cards for anything online. What I do is fund the virtual card with the amount I will use for any purpose. I don't directly link my card.

The disadvantage of using One's personal debit or credit card is fraudulent or unauthorized charges which I dislike a lot.

acroman08

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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

it depends, I mean if the person has the money to gamble and is only using the credit card to get that bonus, I'd say it is fine, but generally, I think it is still a dumb idea since you are using money to gamble you don't own and I am pretty sure a lot of people who have a gambling problem and can't afford to gamble any of his/her money would be tempted by this bonus.

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

What are the disadvantages of using a credit card on online casinos?

the worst thing I can think of is digging yourself into a ton of debt for gambling money you don't own and can't afford to lose because of credit cards.

CryptSafe

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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?

From the looks, OP seems moved by the enticing rewards from the casino promising such bonus for using credit card on their casino but OP should also ask some questions too as to know the existence of such casino before taking part in such activities.
Just like the other poster had said, it is very stressful though to do a transaction from your card and you ask to confirm and they tell you It is not yet confirmed but from your end is is already shown that the casino already received your funds. That experience is very frustrating to have.

Another challenges I think should be put into consideration is possible card details leak. If such happens in the cause of using your credit card on your casino, I believe the hackers would spare nothing and would go along way to undo you to the fullest.

There are some scenarios better avoided than allowed to happen when one weighs both options left at hand. To be on the safe side, avoid using you credit card for such transactions.

Helena Yu

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Why you can say it's not a safe practice? if the gambler have a good self control and want to maximize the bonus, it's fine to use credit card for gambling. Usually it's because of not many people not want to use credit card, that's why they're promote high bonus for credit card usage in order to attract gambler to use it.

Quote from: Doan9269 on May 16, 2023, 08:02:34 AM

Why should they make a request of such at the first place when most of the casinow now are crypto casinos that supports the use of cryptocurrency for stakes.

It's depends on each own interest to choose online fiat casino or crypto casino, there's nothing wrong about it.

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