Overview of Credit Card Casinos in the United States
The history of credit cards can be traced back to ancient Mesopotamia. While they obviously didn’t have the same ultra-secure and chip-embedded ones we have today, they did use clay tablets to record transactions between merchants. These tablets were essentially a contract to buy now and play later.
Charge cards evolved throughout the 1950s with American Express and Visa offering their own versions. However, these ones didn’t limit customers to using them at restaurants and hotels. Instead, these Visa and Amex users could use their cards to pay for almost any goods or services.
Mastercard Casinos
Highlights
- Banking Type - Card Payment
- Deposit Time - Instant
- Withdrawal Time - Up to 5 days
- Fees - Up to 3% for withdrawal
Credit Card Summary
Credit cards are among the most popular ways to pay. This is especially true of online payments such as funding an online casino account. Those who want to deposit money into their betting accounts can simply use a major credit card like American Express, Visa, Mastercard, and, in some cases, even Diners Card. You can read our expert reviews to find the perfect site.
How Do Credit Card Payments Work?
Even though credit cards have changed over the years, the idea is still the same now as it was nearly 5,000 years ago in the ancient world. Buy now, pay later. Because so many Americans have at least one and they are so easy to use, they are perhaps the most popular way to deposit and withdraw at our favorite crypto casinos. Let’s examine how they work.
Apply for Credit Card
If you want to enjoy the convenience of a credit card, you’ll have to apply for one first. This can be easily done by visiting your bank or financial institution. Alternatively, you can apply for one over the internet.
You will be asked to provide some personal details along with financial information such as how much money you make. If you are approved, you will receive it and be given a spending limit which is largely based on your financial capabilities.
Use Your Credit Card to Deposit Funds at Your Online Casino
Once you receive your card and it’s been activated, you can then use it to add money to your internet casino account. Of course, you need to first find a reputable online casino that is licensed and regulated. We suggest you start by checking out our in-depth casino reviews to help you find the best online casino for you. You will find that the vast majority of online casinos accept major charge cards.
Once you have opened your casino account, head to the banking section and find the “Deposit” link. This will trigger the deposit form on which you can enter the amount you wish to deposit and then select the credit card you want to use. After providing your details, you simply need to confirm and submit the transaction. In most cases, these deposits are instantly credited to your casino account which means you can start playing right away.
As a side note, these types of deposits almost always qualify for welcome bonuses. Don’t forget to claim your welcome bonus right here.
Withdraw Your Winnings
Credit cards don’t just enable you to make payments. In the case of online casinos, you can also use them to collect your winnings. The process is pretty much the same as depositing. Instead of hitting a “Deposit” link, you select the “Withdrawal” link. You can then enter the amount of the withdrawal and select the card you want to use.
After submitting the withdrawal request, the online gambling site will process your withdrawal and send the money to your credit card account. You can usually expect to have access to your winnings within 3 to 5 business days.
Pay your Credit Card Bill
Some of them require users to pay their entire bill at the end of the month. However, most types allow you to make a minimum payment and pay the balance gradually. In both cases, you want to be sure to pay your bill on time. If you don’t, the card company will cancel it which will affect your credit score for years to come.
Top 5 Credit Card Casinos Online in The United States
The sheer amount of casinos offering Mastercard payments can be overwhelming. Therefore, we have picked out the 5 best casinos that offer this payment method in The United States.
Are Credit Cards Safe for Online Gambling?
Credit cards are among the safest and most secure ways to make payments online. Some of the most basic security features of a typical charge card include a magnetic stripe, hologram, and a Cardholder Verification Value known as a CVV. They also contain a microcomputer chip that cannot be counterfeited. These chips store and process data each time you perform a transaction.
Another great feature that most credit card companies like Visa offer is a zero liability policy. In other words, even if someone fraudulently uses your card, you won’t be responsible for those charges.
Despite the secure nature of credit cards, users must take common-sense steps to protect themselves. For instance, only use them at online gambling sites that display security certificates and use the latest encryption technology.
Also, be sure to look for a PCI DSS certificate. This ensures that the site adheres to the payment industry’s data security standards. In other words, you and your data are given the highest level of protection.
Pros and Cons of Credit Cards
Pros:
- Deposits are instant and secure
- Almost all online casinos support them
- You can use them to deposit and withdraw
- Millions of Americans already have one
- Credit card deposits normally qualify for bonuses and promotions
Cons:
- Deposits can be subject to extra charges like cash advance fees
- Credit card withdrawals can take up to a week to reach you
- Some regions such as the United Kingdom no longer allow this form of payments at online casinos
Why Should I Use a Credit Card at an Online Casino?
The main argument for using this payment method at some highest rated online casino is the unparalleled convenience. It was recently estimated that between 75% and 80% of American adults have at least one credit card while the average adult has two to three of them.
On top of that, almost all online gambling sites accept credit cards. This saves American online casino enthusiasts from having to find an alternative payment option. They already have one.
Conclusion
Seeing how most Americans have at least one credit card, and most online casinos accept them, it’s easy to see why they are the most popular payment solution at online casinos. The sheer convenience and reliability are too great to ignore. If you have a credit card and would like to play online casino games, we urge you to have a look at our expert reviews to help you find the ideal credit card casino.
FAQ
Can you gamble online with a credit card in the United States?
Yes. The overwhelming majority of legal US online casinos that accept credit card payments.
Can I withdraw my winnings using a credit card?
Provided you used your credit card to deposit funds, the vast majority of American online casinos allow credit card withdrawals.
What are the alternatives to credit cards at American online casinos?
American online gambling sites support a wide range of payment options such as online banking, eChecks, eWallets, and vouchers. Like credit cards, these options have their own pros and cons.
