Leave the Credit Cards Home
I was aggravated that I had to wait in line while these lengthy transactions were taking place but at the same time I almost felt a little sorry for the people who were financing their gambling with their credit card.
One of the reasons that the country is in such bad financial shape is because people have over extended themselves by charging things that they cannot afford. Credit card debt is rampant and it is the major reason why many people are having financial difficulties.
The sad truth is that for the most part it could be avoided if people would curb their spending and avoid using credit cards for unnecessary purchases. Taking a cash advance on your credit card to gamble in the casino is a perfect example of an unnecessary purchase and it may cost them more than they realize. If you do not have the discipline to play within your budget, you might want to leave your credit cards home when you visit the casino.
Comments
As if this isn’t bad enough, many banks are dropping the credit limits and jacking up the interest fees with no notice to their customers. Charging their gambling outings may turn out to be even more costly than they realize at the time.
i used my credit card once to get cash to gamble. this was at least 20 years ago on vacation and found out there was a casino. i had planned to use my debit card for some cash but would not take it, so i went to the cage and got what i can remember was either $100 or $200 to gamble.
granted this was at least 20 years ago, but i remember when i got my statement they charged me i believe around $50 for that privelege, plus the casino charged me $24.99. talk about credit card shock, it taught me to never-never use credit card. even if i can find a ATM, unless the fees are reasonable, say $2.50 at most, will not even consider.
Amen, Been there and done that. I have learned to only take cash and if and when it’s gone. It’s a done deal.
Good advice that would have saved me the awful bankrupt position I placed myself in. In an effort to redeem some of my lost funds over the course of the whole day and night of the event-I maxed out most of my credit that was still available to me on these numerous credit cards,and the rest is history.