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Title: Credit Card betting.... Post by: stribling on November 02, 2011, 08:42:11 PM I have been betting with my credit card recently... I had 160 to pay of my credit card.. I have won 200+. What will happen when I withdraw more then i have to pay off? This is with bet365.
Thanks Title: Re: Credit Card betting.... Post by: Marky147 on November 02, 2011, 08:45:39 PM You'll be in credit on the card generally
Title: Re: Credit Card betting.... Post by: doubleup on November 02, 2011, 08:48:38 PM depends... some credit cards dont accept anymore than debited. So presumably they will have another withdrawal option eg bank transfer. As you have won, you can look foward to b365 restricting your account to £2 win only in 20 runner handicaps.
Title: Re: Credit Card betting.... Post by: paulhouk03 on November 02, 2011, 09:01:41 PM dont bet with ur credit card ends in tears when u tilt
Title: Re: Credit Card betting.... Post by: stribling on November 02, 2011, 09:14:11 PM dont bet with ur credit card ends in tears when u tilt Solid advice! I'll do it and see what happens.... Ive given Bet365 enough that this shouldn't be a mark on there system. Title: Re: Credit Card betting.... Post by: Waz1892 on November 02, 2011, 09:42:46 PM I have been betting with my credit card recently... I had 160 to pay of my credit card.. I have won 200+. What will happen when I withdraw more then i have to pay off? This is with bet365. Thanks Often wondered this too. How do you know which CC will " allow you " to withdraw back on the card more than you owe? I assume this would be the same if you say have a balance of £500 and won £300, your next statement would show you owing £200! Does any deposit count as a cash transfer- thus a larger interest rate? Title: Re: Credit Card betting.... Post by: doubleup on November 02, 2011, 09:53:45 PM Often wondered this too. How do you know which CC will " allow you " to withdraw back on the card more than you owe? I assume this would be the same if you say have a balance of £500 and won £300, your next statement would show you owing £200! Does any deposit count as a cash transfer- thus a larger interest rate? most ccs now charge gambling deposits like cash advances, also in the case of withdrawing 300 on to a debt of 500, some cards won't record that as a minimum monthly payment! So you might get penalties. Title: Re: Credit Card betting.... Post by: stribling on November 02, 2011, 10:01:47 PM When my money goes back onto the credit card from a bet withdrawel, on my statement it says "Thank you, Payment received" So i've been taking that as a bill payment.
Title: Re: Credit Card betting.... Post by: doubleup on November 02, 2011, 10:14:48 PM When my money goes back onto the credit card from a bet withdrawel, on my statement it says "Thank you, Payment received" So i've been taking that as a bill payment. Well I can only speak from personal experience with capital one and they charged me. I complained and they eventually refunded it, but I'd paid off the enire sum outstanding and shredded the card (so Ive had a £10 surplus on the card for about 8 years and every month they send me a statement lol) Title: Re: Credit Card betting.... Post by: MahoganyVic on November 02, 2011, 10:23:32 PM Barclaycard and mastercard just treat it as bank transfers. Free of charge and if withdraw more than depositted you just go in debit on the card
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