Credit card cash machine at casino?

For just about anything you want to get off your chest about credit cards.
34 posts
User avatar
lobbythis
Centurion Member
Centurion Member
 
Posts: 637
Joined: Sun Sep 07, 2014 8:53 pm
Location: usa

Re: Credit card cash machine at casino?

Postby lobbythis » Mon May 11, 2015 5:16 pm

You said you saw them yourself, so why don't you just try it then?

It will either work or not work. Takes 5 seconds to find out but you ran home to your computer instead.


kdm31091
Centurion Member
Centurion Member
 
Posts: 1070
Joined: Sat Feb 21, 2015 3:35 pm
Location: Claymont, DE

Re: Credit card cash machine at casino?

Postby kdm31091 » Mon May 11, 2015 8:40 pm

There is no reason to ever take a cash advance to gamble with. If you don't have the money to gamble, don't gamble. Plain and simple. Using credit card money to gamble is a serious sign of gambling addiction.

I have to disagree with anyone saying it could be legitimate or okay to do this. It just isn't. It's a bad idea. Period.

Cash advances are IMO only for extreme emergencies where there's no alternative. I don't care if the APR is 30% or 8%. It's still an APR and still not intended for basic spending or gambling.

xtrashine
Green Member
Green Member
 
Posts: 3
Joined: Fri May 08, 2015 5:14 am

Re: Credit card cash machine at casino?

Postby xtrashine » Mon May 11, 2015 10:23 pm

lobbythis wrote:You said you saw them yourself, so why don't you just try it then?

It will either work or not work. Takes 5 seconds to find out but you ran home to your computer instead.


I've used the machine once before, but didnt max out my cash advance. It was months ago, obviously at that time I didnt know you can max out your credit line at these machines. I've heard it from a friend that you can, but he never tried it himself.

Nixon
Centurion Member
Centurion Member
 
Posts: 1155
Joined: Mon Nov 03, 2014 11:12 am
Location: Great Southwest

Re: Credit card cash machine at casino?

Postby Nixon » Tue May 12, 2015 12:50 am

kdm31091 wrote:There is no reason to ever take a cash advance to gamble with. If you don't have the money to gamble, don't gamble. Plain and simple. Using credit card money to gamble is a serious sign of gambling addiction.

I have to disagree with anyone saying it could be legitimate or okay to do this. It just isn't. It's a bad idea. Period.

Cash advances are IMO only for extreme emergencies where there's no alternative. I don't care if the APR is 30% or 8%. It's still an APR and still not intended for basic spending or gambling.


Yes there is.

Some of us SIMPLY do not carry debit cards.
Image

kdm31091
Centurion Member
Centurion Member
 
Posts: 1070
Joined: Sat Feb 21, 2015 3:35 pm
Location: Claymont, DE

Re: Credit card cash machine at casino?

Postby kdm31091 » Tue May 12, 2015 6:36 am

Nixon wrote:
kdm31091 wrote:There is no reason to ever take a cash advance to gamble with. If you don't have the money to gamble, don't gamble. Plain and simple. Using credit card money to gamble is a serious sign of gambling addiction.

I have to disagree with anyone saying it could be legitimate or okay to do this. It just isn't. It's a bad idea. Period.

Cash advances are IMO only for extreme emergencies where there's no alternative. I don't care if the APR is 30% or 8%. It's still an APR and still not intended for basic spending or gambling.


Yes there is.

Some of us SIMPLY do not carry debit cards.


If one has the money in the bank to pay off a CC after gambling, why in the world would they pay a cash advance APR -- like I said, don't care how "low" it is -- to access money?

Not carrying a debit card is not an excuse. Then you bring money with you to the casino. Take it out ahead of time. Not a big deal.

Vermonster
Centurion Member
Centurion Member
 
Posts: 725
Joined: Mon Oct 01, 2012 11:09 pm
Location: NJ

Re: Credit card cash machine at casino?

Postby Vermonster » Tue May 12, 2015 8:13 am

Out of curiosity, is there a way to prepay your cash advance? I know some creditors will let you pay money to increase your limit for a big purchase. Could you pay something like $1000 onto your card specifically for cash advance? That means you could use a credit card as a debit card and only take one card.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

User avatar
lobbythis
Centurion Member
Centurion Member
 
Posts: 637
Joined: Sun Sep 07, 2014 8:53 pm
Location: usa

Re: Credit card cash machine at casino?

Postby lobbythis » Tue May 12, 2015 3:27 pm

If you treat a CC like a debit card on a regular basis, your credit card companies must be laughing all the way to the bank.

I've never met anyone so paranoid about carrying cash or a debit card. What's even more funny is that you're willing to pull out big CASH advances, but bringing cash from home or a debit card is blasphemy. How does that make any sense? Only in the Church of MyFICO.

User avatar
CarefulBuilder14
Centurion Member
Centurion Member
 
Posts: 4205
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Re: Credit card cash machine at casino?

Postby CarefulBuilder14 » Tue May 12, 2015 5:34 pm

If someone wants to go to a casino and throw money away by gambling and taking cash advances, it doesn't bother me - at least not today.

I decided to stop to pick up a bottle of wine - a $10 Bordeaux that I'm amazed doesn't cost two or three times as much.* I knew what I wanted, and could have been in and out of the store in 45 seconds. I had to wait quite a while, though, since there was a big line of people wanting Mega Millions tickets. I wasn't very happy about that.

I'd rather people go to casinos to throw away their money, rather than create long lines. Also, lottery tickets pay out much less per dollar spent than many casino games do, so in that sense can be more of a "stupid tax".

*I don't tell the employees that, of course.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

Ctpicarello
 
Posts: 1
Joined: Tue May 12, 2015 5:25 pm

Re: Credit card cash machine at casino?

Postby Ctpicarello » Tue May 12, 2015 5:40 pm

I have not experienced that with my credit cards.

Nixon
Centurion Member
Centurion Member
 
Posts: 1155
Joined: Mon Nov 03, 2014 11:12 am
Location: Great Southwest

Re: Credit card cash machine at casino?

Postby Nixon » Tue May 12, 2015 7:16 pm

lobbythis wrote:If you treat a CC like a debit card on a regular basis, your credit card companies must be laughing all the way to the bank.

I've never met anyone so paranoid about carrying cash or a debit card. What's even more funny is that you're willing to pull out big CASH advances, but bringing cash from home or a debit card is blasphemy. How does that make any sense? Only in the Church of MyFICO.


The only debit I carry with any degree of regularity is my Discover Checking. There is a small sum in there, and I use this card only for sub $2 purchases. 10c minimum cashback per swipe/use. 20c currently. ;)

In short. I'm about the rewards. My Chase, NFCU, DATCU debit cards offer no such rewards, so I simply DO NOT carry them along with having that liability out there.
Image



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests