Have you ever taken money off of a credit card to use at a casino? When and why did you do it?

Question

Have you ever taken money off of a credit card to use at a casino? When and why did you do it?

Answer 1

And pay the higher interest rate?  Anyone that does that is an idiot.

Answer 2

no, only been to a casino 3 times in my life. if i went more often i probalby would

Answer 3

I've done it before. I'm not proud of it, but it's my own money and credit. So I can do what I want. Sometimes, you hit a bad streak that wipes out your gambling funds for the day, but it's only 6:00 PM. What else are you gonna do for six hours while you wait for your limit to reset at midnight?!

Answer 4

If you're talking about taking a cash advance at a casino, DON'T DO IT!  The fees are very steep, and you'll likely end up in more credit card debt.  However, credit cards are the only source for depositing for many users for online gambling sites, and there is a good explanation at http://dagus-statistics.com/funding.htm where you'll find tips on using a card, and using them responsibly.  Hope this helps.

Answer 5

I did once, and the only reason I did it was because I was hammered out of my brain and decided that it was time to implement my can't-lose craps strategy.  Guess what?  That money was gone within an hour.  I ended up having a good roll the next night when I was sober, and was able to cover the fees and withdrawal when I got home, but I was lucky.  Oh, this was in 1998, I was 21 and on spring break from college in Vegas.  I can't even remember where I was, but it was somewhere on the strip.  I learned something when I sobered up.

Don't take more than you can afford to lose OR your cards with you.  

For God's sakes, drink or gamble, but not at the same time.  Otherwise you might as well just take your money and burn it.  Them drinks are free for a reason.

Cash advances usually carry a minimum 24.9% APR.  You're better off going to a loan shark.