Just take a look at your wallet. Tell me, how much cash are you carrying? Have you realized that most of us do not prefer carrying much cash around – for the sake of convenience and security reasons? We people have become quite the cashless people. Credit cards have more or less become the way of our lives.
Online shopping has been made easy and fast through credit as well as debit cards. Visa and MasterCard are the most used credit cards and Solo and Maestro are the popular debit cards used in the UK.
Credit Vs Debit Cards in a Casino
Now, we know that these cards can be used online; but what about online casinos? Can you use a credit card at a casino?
- Credit as well as debit cards can be used for depositing funds immediately in online casinos. It in fact provides the security needed by you.
- Also as far as withdrawing or depositing is concerned, this becomes the fastest payment mode. However, some casinos do levy a fee for withdrawal of funds. Also for withdrawal the time of processing might differ anywhere from one to five days. Then again this would depend on your bank.
- Credit and debit cards more or less have the same usages; but the one major difference is – that when you sue a debit card you are technically withdrawing money directly from your account. In other words you only spend how much you have.
- When it comes to credit cards, the usage of your funds is built up and then needs to be paid off when due either in total or in installments with interest. But sometimes this can go out of hand. So always better to be careful while using a credit card.
- The one major advantage of the usage of a credit card would be that major cards give you rewards or what you call benefits. They call it loyalty points- for example air miles. These can be then used to purchase tickets or holidays, sometimes even products on the banks lists.
- Debit cards do not offer any kind of loyalty points. Some might consider this a disadvantage.
- Debit cards are generally preferred by the judicious as it lets you keep a tab on your spending. You can check you balance easily. Of course, credit card statements can be checked easily to. But for some it may not be as easily accessible.