If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
That is definitely be frowned upon considering it's gambling and there's no certainties that you can win and save money on those bonuses. Let us say you collected a staggering bonus yet you're on a loss, that for sure will be a bad practice. Moreover, banks doesn't consider gambling for credit score.
Topic: Is this considered a safe practice - page 9. (Read 1527 times)
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
That is definitely be frowned upon considering it's gambling and there's no certainties that you can win and save money on those bonuses. Let us say you collected a staggering bonus yet you're on a loss, that for sure will be a bad practice. Moreover, banks doesn't consider gambling for credit score.You're right, there's no certainty in gambling to what you can receive as an outcome, gambling has that risk that it gives and can't guarantee you on a particular outcome as result, moreover why the stess on this when there are alternatives to making payments in gambling casinos, they almost supports more than two cryptocurrencies for making payments of which i think that alone is a good take on itself than vending on what will have a costly repercussions later in life.
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
That is definitely be frowned upon considering it's gambling and there's no certainties that you can win and save money on those bonuses. Let us say you collected a staggering bonus yet you're on a loss, that for sure will be a bad practice. Moreover, banks doesn't consider gambling for credit score.I don't look much on that anyway. I've practice not doing that because it will entice us to spend and gamble more, we're probably losing control of our funds and ruining our limitations. We'd rather be using our savings instead of credit card in gambling, a piece of advice (OP).
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
That is definitely be frowned upon considering it's gambling and there's no certainties that you can win and save money on those bonuses. Let us say you collected a staggering bonus yet you're on a loss, that for sure will be a bad practice. Moreover, banks doesn't consider gambling for credit score.
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.
If this is it, I don't see a problem with it. Since it's a virtual card and you load it up with your debit or credit card for any purpose. But the thing is it possible for the card provider you use to track the expenses that you've loaded up for gambling? Maybe they do, maybe they don't.The disadvantage of using One's personal debit or credit card is fraudulent or unauthorized charges which I dislike a lot.
It's not about that but, it's about your usage of those cards in gambling not about using someone's card for your gambling activities. But either of that, they're no good. 
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
I disagree with you. Paying with a credit card in reputed/new gambling sites is not a good idea since your credit score can get affected since banks don't view anything related to gambling favorably.This is why it's always better to use more anonymous payment methods like cryptocurrencies in any gambling site.
I agree with you that paying using a credit card is like sacrificing our personal data. It can be known by other people, namely the gambling party and also the bank, if they know that this user is using a credit card for gambling, he will definitely always be monitored and will definitely get a violation if he is in a foreign country. it prohibits gambling.
There are many ways to gamble anonymously without involving any data such as paying using crypto which can keep us anonymous from anyone.
There are many ways to gamble anonymously without involving any data such as paying using crypto which can keep us anonymous from anyone.
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future.
I disagree with you. Paying with a credit card in reputed/new gambling sites is not a good idea since your credit score can get affected since banks don't view anything related to gambling favorably.This is why it's always better to use more anonymous payment methods like cryptocurrencies in any gambling site.
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$. He also mentioned other like capital one
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
Using credit cards for gambling doesn't seems a great practice but when you have the money and intention of gambling as well then you can use the card to access the available perk and just repay the credit card bill even before the bill generation so it won't affect anything also will help you to obtain the available extra perk. But when you do it with the intention of making money then its wrong and imagine what if you didn't win bets and you don't have money to pay back the bill on time?What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
experience the worst if you are really that irresponsible with your spending or you would really be having that kind of uncontrolled manner. Getting some bonuses on using up your card wont really be that bad
but always stick with your budget because on the time that you would really go with those limit lines then this is where things becomes complicated and if you dont like for this thing to happen.
So better stop now and avoid on using up your CC. Im not saying that cc spending is bad but most likely people do really have that worst experience and nightmare on using up
these cards but not all the time.It would always vary on a certain individual.
Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
This depends on several factors but what must first be addressed is on the casino you added your credit card into.
Is the casino well-established and reputable enough for you to give your additional information? Relatively new gambling websites may offer large bonuses compared to other casinos but you sacrifice upon the security they offer given that they can run-away with your money.
If the gambling company is well-reputable, then spending that kind of amount to reach the bonuses may be a good idea to save money in the future. But this depends on your discipline in which it could result to a double-edged sword. It can either make or break your savings depending on how you would approach your gambling habits.
Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ from Freedom Flex after using over 600$. He also mentioned other like capital one
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
If you know for yourself that you can manage that and its just for one time swipe only just to take the bonus then yeah its still a safe practice to use your card. But make sure that you only swipe it once and never decide to do that again. Since if you repeat it for many times since you became more comfortable using it due to convenience it bring then maybe you are in great risk to get broke because for sure in long run you cannot notice that your debt became more bigger and bigger.What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
It was still a good thing if you are not in a point that you became an addict but it will still be damaging to our finances. I think there is also a risk on using bank accounts or credit cards. The casino might record your details and they can sell it or access your account but there might be exceptions for some highly trusted casinos.
Is it safe or dumb to use your Credit card for online gambling because of free bonus rewards on signup and initial 3 months purchase? Will you take such risks with your card for such rewards? A friend informed me that some casinos gives better reward if you have a credit card with high credit score at around 800, he mentioned how he make 200$ 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?
Using credit cards for gambling doesn't seems a great practice but when you have the money and intention of gambling as well then you can use the card to access the available perk and just repay the credit card bill even before the bill generation so it won't affect anything also will help you to obtain the available extra perk. But when you do it with the intention of making money then its wrong and imagine what if you didn't win bets and you don't have money to pay back the bill on time?What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
Not only identity theft but also one can become a victim of credit card phishing.
Personally, I wouldn't want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.
Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.
Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.
Same here, I even avoid using my debit card online as much as possible. I always try to minimize the linking of my cards to any site, because I am not comfortable to think the possible errors and mistakes I may make that can result to a financial losses in my side.
Quote
Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.
I think it is an SOP now to confirm the transaction with OTP. Without presenting the code sent by the bank, I believe the process won't be completed.
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?
Using credit cards for gambling doesn't seems a great practice but when you have the money and intention of gambling as well then you can use the card to access the available perk and just repay the credit card bill even before the bill generation so it won't affect anything also will help you to obtain the available extra perk. But when you do it with the intention of making money then its wrong and imagine what if you didn't win bets and you don't have money to pay back the bill on time? What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
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 want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.
Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.
You're right, aside the risk in revealing your privacy, they can also use your information to impersonate you, there are alot of scam related offenses ongoing out there, ibthis advanced digital technology, people are no more slerk with their personal informations not to talk of securing them with the online platforms that has a central server that stores all those informations for them, these same OTP lands onnyour mobile and email address and if one is compromised then you're under attack.
- Also, it's quite dangerous when using a debit card, it's a double blade pain when a hacker preys on you. If anyone does that, it's probably the rich people who are just throwing money away.
But for ordinary people in the middle, the situation is quite high, the risk can be really high, maybe later hackers will use our identity for bad activities that we have no knowledge of, and it turns out that it has been used for a big theft of money.
If you talk about debit card I might consider but for credit card, it's a no go way.
I wouldn't risk giving out my credit card details to a gambling site because I'm not sure if the information will be encrypted or not.
Although I haven't seen anyone complained about their credit card details being stolen after exposing it to a gambling site that do encrypt the information they receive from their customers. But I'm still not going to risk it.
Even if it's not about credit card information, it's not a good idea in general to give away any kind of personal details to a casino that operates online and doesn't have any reputation or trust within the community. Doing that can put your data and information under risk since you are basically providing them the right to use your information that you've provided.I wouldn't risk giving out my credit card details to a gambling site because I'm not sure if the information will be encrypted or not.
Although I haven't seen anyone complained about their credit card details being stolen after exposing it to a gambling site that do encrypt the information they receive from their customers. But I'm still not going to risk it.
On the other hand, if a casino is trusted and has a good reputation, I don't see why I wouldn't trust them with my data, though by data I don't mean all my bank details but I mean anything that cannot be used against me.
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?
What are the disadvantages of using a credit card on online casinos? Any? Would you dare do such to earn more money?
First and foremost thing is using credit card for online purchases is itself a risky thing since that opens up to frauds.
As far as using it for gambling then even that is risky because we never know if the casino site is really secure or not.
Besides that, the site can simply store your details without your consent and then sell the data to other companies.
Also, the site might become a victim of an attack and your details might get stolen which again put you at risk of fraud.
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 want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.
Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.
Many scam stories happen like this and it was to find out that someone does the confirmation on behalf of the original owner. Something we need to allow and must not try just to know if it really happens. It is not wise to do it and I don't think it was worth enough risking if that is only because of some bonuses.
If you are conservative and you really don't want to risk your private information, it's better not to try just because of small bonuses that
you may acquire once you link your information.
It's much better to stay safe unless you really trust the site, and you already done dealing with your research. If you know that the site is legit and you believe it's safe to share your personal information, maybe you can consider and continue to proceed.
Still depends on how you understand and how willing you are to take the risk.
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 want use credit card for payments online (incl. gambling platforms or even when shopping online). I prefer to use cash, e-cash, or cryptocurrency than connect my card to the platform, unless extremely needed.
Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.
You're right, aside the risk in revealing your privacy, they can also use your information to impersonate you, there are alot of scam related offenses ongoing out there, ibthis advanced digital technology, people are no more slerk with their personal informations not to talk of securing them with the online platforms that has a central server that stores all those informations for them, these same OTP lands onnyour mobile and email address and if one is compromised then you're under attack.
- Also, it's quite dangerous when using a debit card, it's a double blade pain when a hacker preys on you. If anyone does that, it's probably the rich people who are just throwing money away.
But for ordinary people in the middle, the situation is quite high, the risk can be really high, maybe later hackers will use our identity for bad activities that we have no knowledge of, and it turns out that it has been used for a big theft of money.
I think the process is the same with debit cards. When I'm using a debit card, the only information needed for an online transaction is the card number, validity date, and CV number. So if it's the same with online gambling sites, it's easy for your information to be used by others even without your permission. It's too risky.
If a scammer know your card number, validity date and CV number, it doesn't make him can able to hack or access your credit card because he don't get an access to use your debit or credit card. It's similar like your public address, anyone know you use this address, but they don't know your private key, they can input your public address, but it's just a watch only wallet. I think when you're use debit or credit card to a casino, you're dealing it with third party, not direct to the casino. Our identity is the most vulnerable when we do this. AFAIK, credit card transactions requires OTP or PIN codes to complete the transaction. *Please correct me if I'm wrong with this.
I think the process is the same with debit cards. When I'm using a debit card, the only information needed for an online transaction is the card number, validity date, and CV number. So if it's the same with online gambling sites, it's easy for your information to be used by others even without your permission. It's too risky.
Jump to: