Online gambling
Online gambling
ok, so i just used my credit card to deposit £250 onto a bingo/slots site...
its a new card and i was basicly thinking id have a gamble, probably lose, then owe the money.. im looking at getting a mortgage in a year or so, so need to maintain a line of credit etc..
i won, about a grand more than i deposited, the casino wants to pay it back to the card... which will take the credit card into a positive ( + ) balance......
what happens in this senario? im assuming the card company will reject the payment?
its a new card and i was basicly thinking id have a gamble, probably lose, then owe the money.. im looking at getting a mortgage in a year or so, so need to maintain a line of credit etc..
i won, about a grand more than i deposited, the casino wants to pay it back to the card... which will take the credit card into a positive ( + ) balance......
what happens in this senario? im assuming the card company will reject the payment?
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- Senior Member
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- Joined: Tue Aug 18, 2009 3:48 pm
- Location: United kingdom
If the goal is to improve your credit rating, don't use credit cards for online gambling. These types of transactions are classed as "cash advances" and are viewed negatively when assessing an individuals credit worthiness.
"If only there were evil people somewhere insidiously committing evil deeds, and it were necessary only to separate them from the rest of us and destroy them. But the line dividing good and evil cuts through the heart of every human being. And who is willing to destroy a piece of his own heart?"
Yeah, and if your applying for a mortgage, any online payments to bookies that appear on statements will be classed as a monthly expense - they assume you have a habit and will reduce the amount the bank will offer you. Any deposits aren't offset either, they only care about cash out. Happened to me last week, cunts.
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- Senior Member
- Posts: 2227
- Joined: Thu Sep 14, 2006 4:08 pm
Fuck. I just thought the account being active would put a good mark on credit report, didn't even consider them wanting to see the transaction history, in gunna have a hard time explaining why there's over 2k on a £500 card... Lol
I'll just buy everything on the card for the next few months and miss off the first page of the statement when I use it...
I'll just buy everything on the card for the next few months and miss off the first page of the statement when I use it...
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- Senior Member
- Posts: 2227
- Joined: Thu Sep 14, 2006 4:08 pm