Leverage Your Credit Card With Gambling

[jjgold]

If you have good credit why use your money??

Use $500 but of course pay back end of month so no interest, if your good you should spin that to $750 or more and you did not use your capital

 

[canuckg]

And payday loans

 

[jjgold]

Only if you have a grace period on the interest
If you pay the interest useless

 

[flyingillini]

KRS-ONE said it best, By all means necessary

 

[edawg]

Always a great idea to gamble on credit especially when eventually it will cost you 30%+ not to mention the vig on every bet one makes.

 

[flyingillini]

Only if you have a grace period on the interest
If you pay the interest useless

Go in debt until you die, never pay back the system. Screw them until death.

 

[Tanko]

If you have good credit why use your money??

Use $500 but of course pay back end of month so no interest, if your good you should spin that to $750 or more and you did not use your capital

Solid advice JJ....

 

[Reload]

Comes in very handy. Don’t worry about interest or fees. If you’re not maxed out, then you’re not trying hard enough with gambling.

 

[jamesy2422]

Max out Credit and Pay only the Minimum. Then chase losses with the next card you have.

 

[BobbyFK]

As JJ alluded to this is only a good strategy if you can pay off the credit cards. Not to mention you get some rewards as well. It’s a win-win.

 

[jamesy2422]

As JJ alluded to this is only a good strategy if you can pay off the credit cards. Not to mention you get some rewards as well. It’s a win-win.

good point. if you deposit with a cc, get the 1.5 to 2% cash back on the deposit.

in theory this is good. i did try it and sometimes i pay and other times i am behind a month or two. being honest.

 

[Tanko]

Max out Credit and Pay only the Minimum. Then chase losses with the next card you have.

Don't forget the CC shuffle. Move balances from one card to the next to maximize use of the low interest rate offers.

 

[BobbyFK]

Don't forget the CC shuffle. Move balances from one card to the next to maximize use of the low interest rate offers.

Sharp. I often get 0% balance transfer offers, but the 2-3% fees to transfer can hurt

 

[maltedhopsfrenzy]

If you have good credit why use your money??

Use $500 but of course pay back end of month so no interest, if your good you should spin that to $750 or more and you did not use your capital

Haven’t had a credit card in 25-30 years…..

 

[Tanko]

Sharp. I often get 0% balance transfer offers, but the 2-3% fees to transfer can hurt

I was joking.

Dear god. I hope you know this entire thread is sarcasm Bobby.
Using a CC for gambling is not smart.......

 

[jamesy2422]

Haven’t had a credit card in 25-30 years…..

i respect that. i have been using one of mine too much. one of my resolutions is to get it way down.

 

[Reload]

My favorite time of using the credit card for gambling was having it on file with W-U in their preferred customer program. Could call up W-U anytime and send transfers to the books. They would go down as purchases so I was able to rack up thousands of frequent flier miles each month.

This was back in the early 2000’s. I was eventually banned for life by WU in 2006. Fun while it lasted and at least I got some Costa Rica flights paid for with the routine.

 

[BobbyFK]

I was joking.

Dear god. I hope you know this entire thread is sarcasm Bobby.
Using a CC for gambling is not smart.......

I’m just saying in general balance transfers can be worthwhile, but the fees can hurt. The same as spending money just to get credit card rewards.

 

[Tanko]

I’m just saying in general balance transfers can be worthwhile, but the fees can hurt. The same as spending money just to get credit card rewards.

TBH I did not know there was a fee for those zero balance transfers. I’ve never done one.

 

[europro]

If you have good credit why use your money??

Use $500 but of course pay back end of month so no interest, if your good you should spin that to $750 or more and you did not use your capital

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