Having credit at the casino and having a credit card of your own are two different things. A casino credit is a pre-paid card that can only be used at the casino and should be treated as such. The casino will give you a large sum of cash , which you will then use to pay for your gambling expenses .
As with any pre-paid card, there are fees associated with the card. First, there is usually a fee for opening the account. There are also monthly fees , for using the card, and additional monthly costs, for maintaining a balance on the card .
While a casino credit is a good choice for cash-strapped gamblers that can’t afford to use their credit cards at the casino, there are also some drawbacks to having a free casino credit. For starters , the interest rates on casino credit can be very high . To make matters worse, these cards are rarely if ever protected by any consumer protection laws.
So before you apply for a casino credit , you should understand how it works. First, here’s some information about what a casino credit is .
What Is a Casino Credit ?
A casino credit is a form of pre-paid card that can only be used at the casino . The casino will give you a certain amount of money to use while gambling. You pay by depositing the cash onto the card and you use the card to pay for everything at the casino. You can’t buy anything with the money on the card , but you can use it to pay for all of your gambling expenses.
What Does a Casino Credit Look Like ?
The first obvious difference between a credit card and a casino credit is that a credit card can be used anywhere that accepts credit cards . A casino credit can only be used at the casino. These cards are typically offered as a pre-loaded debit card. The casino will load the money onto the card and you can keep the card with you while gambling. You can also leave the money on the card in case you win big and don’t want to carry any more cash.
How Do I Apply for a Casino Credit ?
Before you apply for any poker bankrolls online , you should first read the fine print and understand all of the terms and conditions .
Gaming Regulations
No matter what state you are in , if you are planning on using a credit card or your checking account to fund your gaming activities, you will need to make sure to do so legally . Some states have very strict regulations when it comes to using your credit card to fund your gambling activities and other states don’t put the same restrictions on casinos and gambling.
Banking Regulations
Many banks have very specific rules when it comes to offering credit to online gaming sites. Some banks won’t allow you to deposit money into your account using a bank card that is issued by an offshore bank .
You should check with your bank before you apply for a poker bankroll online to ensure that you will be able to use your card to fund your gaming activities .
Credit Card Security
A lot has changed when it comes to credit card security over the last few years. Credit card issuers are very careful about who they do business with and how your information is used. In addition , credit card companies are smart about who they issue credit to and this factor also plays a big part in their approval process .
How Long Does It Take to Get a Casino Credit ?
Once you have checked with the casino and your bank with regards to their credit card policies you will be ready to apply for a poker bankroll online . The process itself usually takes just a day or two and you should be able to get your casino credit in just a few days.
How Much Does a Casino Credit Cost ?
The cost will vary depending on the casino and the rate that you are offered . Typically, the casino will give you several payments of $500-$1 ,000 dollars which you can use to fund your gambling expenses while at the casino. This is the amount you should take into consideration when you calculate how much you will need to deposit into your account in order to fund your gambling activities.
There are never any fees for using your casino credit. There are no interest rates and no fees for maintaining your funds on the card .
What Are the Benefits of a Casino Credit ?
A casino credit has several benefits over a regular credit card or a bank account that is funded by a debit card .
- It’s easier to use
- You can deposit funds into your casino account at any time .
- The money is pre-authorized so it won’t bounce .
- The amount deposited into your casino account is untouchable by the casino.
- There are no interest or late fees .
- There is no minimum balance required
- There are no fees associated with depositing funds .
- No credit check necessary
How to Use Your Casino Credit
Once you have your casino credit , you can deposit money into your account at any slot machine or blackjack table. Keep in mind that your casino credit will only work at the one casino that issued the card to you. You will need to tell the casino cashier that you are using a casino credit.
You may also be able to use your credit at the video poker machines. You will need to insert your card into the card reader and use your PIN number to authorize the transaction . Then you can use your credit to play video poker.
If you win big and don’t want to carry any more cash , you can leave the money on your casino credit until you leave. The casino won’t charge you any fees for leaving your money on your casino credit, but you may be charged a fee if you leave it there longer than 30 days.
