Gambling is a worldwide hobby and in the UK, punters have access to many payment methods, ranging from traditional credit and debit cards to eWallets, crypto and prepaid cards. Many sports fans prefer credit cards and while not so many UKGC-licensed casinos support the option, finding sites with credit card deposits and withdrawals shouldn’t be a problem.
In recent times, punters have been shifting to credit card betting sites presented at NonGamStopBets because of the potential advantages, ranging from instant transactions to bank protection.
The Main Benefits of Using Credit Cards
There’s no doubt that credit cards are essential and convenient to use, especially when making online purchases. However, UK punters can find some obstacles using credit cards. If you are looking for the perfect payment method to use in gambling sites, here’s a quick overview of the top benefits of using credit cards.
Instant Payment
Unlike bank transfers and some eWallets, credit cards offer instant payments, which is one of the main things players look for in casino banking methods. Making credit card deposits requires only a few minutes, although most online casinos probably offer instant deposits. You can quickly fund your casino account and start playing within minutes of signing up.
Credit card withdrawals are also pretty fast and can take anything from a few hours to three days, depending on the casino. Note that casinos have different withdrawal periods for each payment method and some include a pending period, which can take from 24 hours to 3 days. If the casino has no waiting time, you’ll receive your money on the same day you submit the withdrawal request.
Bank Protection
Security is another reason most punters prefer credit cards. Unlike eWallets and crypto, credit cards are issued by banks and come with guaranteed protection. They are among the most secure payment methods available for casino players and there’s no chance of losing money.
All credit cards include basic security features and unique account numbers. It is also easier to get help if there’s an issue with your credit card. If you lose it, you can easily block access and apply for a new card with a new number. Most punters choose credit cards because they know it is safe to use online and tied to a specific banking entity.
Stay in the Limit
All credit cards come with a spending limit, beyond which you cannot use the card until you repair the outstanding balance. While this may seem like a restriction, it has various benefits, especially for players with a gambling problem. If you don’t want to deposit beyond a specific amount, using credit cards offers you the chance to stay within the limit.
Once you exhaust the credit limit, you either need another credit card or payment method. Debit cards, eWallets, crypto, prepaid cards, bank transfers and other payment methods allow users to use up all their funds, with no limits. Credit cards have a specific limit as it is borrowed money, so you can get one specifically to manage your casino bankroll and avoid exceeding your deposit limits.
Cashback
Most credit cards have a loyalty reward program that involves offering cashback to credit card users who repay their loans on time. If you pay your credit card deficits before the deadlines, you’ll receive cashback that you can then spend online. This is good news for players as it is free money you can use to fund your casino bankroll.
However, not all credit cards include a cashback program. It is always important to review each offer before applying for a card. More importantly, you should spend your credit card limit and repay on time to avoid fines and guarantee your cashback. Also, some banks enrol users automatically to the cashback program, while others require registration.
Conclusion
There are several other benefits of using credit cards on casino sites. Credit cards are convenient, easy to use and versatile. You can use them to make multiple online payments without worrying regarding security issues. However, the credits come with interest, so it is vital to understand the terms before applying. The priority is to avoid cards with huge interest rates. Credit card limits also tend to increase if you pay on time, so you should find other ways to manage your casino bankroll and stay within the limit.
