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Casino Credit question - Unused line of credit

Discussion in 'Casino Gaming' started by SnakeDoctor, Mar 28, 2016.

  1. SnakeDoctor

    SnakeDoctor Tourist

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    I often take a line of credit out so that I don't need to carry around that amount of cash. No biggie, but I was wondering...this last trip, I stayed at V/P and had a line there. Some friends were down at PH, so I opened up a line there, but ended up never using the credit line there. I took markers out at V/P and won, so had cash that I just took with me to play at other properties. Is having that unused credit line count against me in anyway?
     
  2. makikiboy

    makikiboy VIP Whale

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    Probably not but it may be lowered, rescinded or cancelled if you don't use it for a while.

    Usually casinos expect you to use your marker to play at their casino so if your play doesn't coincide with your markers then they might question/lower your credit limit. I had that happen at the Boyd casinos, I found out the hard way that my limit was lowered. Probably didn't help that they had it on record that I was winning so they questioned why I needed to take out more markers (I usually took them out even if I was up).
     
  3. SnakeDoctor

    SnakeDoctor Tourist

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    Thanks. How long is the credit line good for anyway typically? 6 months or so?

    I wonder why they would lower your limit if you have a history of always paying back the balance if any. Now if your credit check came back bad, then I understand.
     
  4. shifter

    shifter Degenerate Gambler

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    Never. But they may put a hold on it after a while and may require a recheck of your bank after an obscenely long time.

    They will never reduce or eliminate it.
     
  5. shifter

    shifter Degenerate Gambler

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    That's why. Has nothing to do with non use. Has to do with beating them and still taking markers.
     
  6. bronx12

    bronx12 Low-Roller

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    After 18 months of inactivity it is closed at a caesars property.
     
  7. SnakeDoctor

    SnakeDoctor Tourist

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    Ah didn't know that. So if I return to a property where I have a line of credit, do you guys visit the cashier's cage to make sure you still have the credit, or do you just go straight to the tables and take out markers?
     
  8. boxofbirds

    boxofbirds High-Roller

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    If you're concerned I would just call the credit department of the casino before your visit. Otherwise I would go to the credit "office" wherever that happens to be. At Aria it was a mini cage in the host's office, and at Mirage it was at the main cage, but was it's own window to the far left. So it's probably different for each Casino.

    But if it's only been a couple months, it would be unusual for them to close it. If it's been over a year, maybe it would be more of a concern.
     
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  9. makikiboy

    makikiboy VIP Whale

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    Probably best to call or email to check on your credit. Not a good feeling to go up to the cage or to the tables only to find out your LOC (line of credit) is closed. Then you have to go through the paperwork to get it started again but it may take a day or a few days for them to run a credit check on you to establish your line of credit. I think they usually close your LOC if you don't use it for a year or two (at least a year of inactivity). At some casinos they will run annual (or every 2 or 3 years) checks on your account to make sure you are still solvent.



    Yup, the last few times I visited I actually did pretty well on the tables (or didn't lose that much). Throughout the years I made it a habit to take out markers (at the 3 boyd downtown casinos) even though I didn't need the money, just to show that I was active whenever I went to vegas. I probably got flagged because of it (my play and losses versus markers didn't match my marker amounts) so from my last trip in January my LOC was cut in half. I didn't find out about it until my vegas trip 2 weeks ago when I tried to take out a marker and found that I was over my limit. The casino manager actually came out and asked why I needed to take out another marker when it showed that I was actually UP for my trip. I explained that lots of times I just didn't give them my player's card, I told him that I didn't want to lose my rating when I just played $60 and did a "hit and run", playing only for a few minutes or when I lost the $60. He didn't like that and said that I should be giving my players card even then. He allowed the marker (probably my last over the limit) but I figure that they will either reduce or cancel my LOC or at least they will watch my play to losses ratio to make sure that I take out markers and show play in the amount of my markers and only play at their casino. (I better call and check to see my limit before I go on my next vegas trip).

    This is one time that I got busted by playing and winning but I will not make that mistake again. But then I was also using the markers for all my vegas expenses so guess I can't do that anymore.
     
  10. bedaniels

    bedaniels Low-Roller

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    I was at MGM last month and have a LOC there. Over the last several years I've been staying at MB instead of MGM and taking front money. My last trip I returned to MGM and deposited front money like at MB (forgot I had the LOC). When I took a marker at the MGM table they asked me if I wanted to use my LOC or my FM for the marker. I was surprised that old LOC was still active and available. Guess they can stay open for a long time.
     
  11. crapsguy5000

    crapsguy5000 Low-Roller

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    With me it has been after a year of inactivity you have to re-apply. Application process is usually quicker on re-applications
     
  12. smerrian

    smerrian Low-Roller

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    I always go to the credit department and check on my LOC as soon as I get to the casino. It's as second nature to me as counting the money in my bankroll. I want to know 1) Is it still active. If not, what do I have to do to get it re-activated. 2) What is the limit on it. 3) Which bank account do I have attached to it. Sometimes, after a long while or if my driver's license expired, I have to re-apply. No big deal as it's usually back on-line within an hour or two (unless the banks are closed at the time...then it could take until the next day). You will need to take a blank check of the account with you on your trip...just keep it in your wallet.
     
  13. Joe

    Joe VIP Whale

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    Very interesting. When we lived in Vegas, I kind of used my LOC at MSS as my ATM. If I needed cash, I just stopped in, took a $1 or $2,000 marker and some times didn't play at all. Got the cash and left. OK, maybe had a drink, said hello to Jose and maybe gambled $100, but my purpose was to get the cash.
     
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  14. makikiboy

    makikiboy VIP Whale

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    Yes, I've been doing the same thing for probably the last 12 years or longer with no problem (I actually took out markers at the Cal, MSS and Fremont to spread them out). I usually didn't bring up much cash with me so I would take out markers to pay for all of my vegas cash expenses. Lately I have been bringing up $1k in travelers checks (just in case my LOC expired or cancelled) and many times I have been able to pay off all my markers before leaving. The last couple of times I visited I actually was up for most of my trip but I still took out markers. My January trip I was at the CES most of the time so I didn't play very much (but still took out markers).

    Not sure why but my trip 2 weeks ago I found out (the hard way) that my LOC was reduced so I think I somehow got on their radar for some reason or other. When I tried to take out markers I was over my new limit so they called the casino manager to discuss the situation. I wanted to know why they lowered my limit but the manager gave me the third degree, why I was taking out markers when my play indicated that I was up (I was up), why I go to the cage to take out the marker instead of at the table and had to justify why I kept taking out higher markers when I was only playing half or a third of the amount I took out. I didn't want to tell him that I used it for all my vegas expenses so I just told him that I usually do a "hit and run" on the tables, I usually would play $60 or so and stay only a few minutes so I didn't want to give them my card or take out a marker at the table because I didn't want to be rated lower. He didn't like that, told me that I should give my card whenever I play.

    Not sure how I got on their radar, my LOC was only for $3k but it was cut in half. I hope they don't cut it any further, I will have to call to check on my LOC before I go on my next trip.

    So I figure that I was flagged and LOC reduced for one or more of the following reasons:

    - Boyd is tightening up the LOC and watching players to make sure their play reflects the marker amounts taken out. Some strip casinos do watch your makers versus play and frown on you using their makers to play at other casinos.

    - Because I was winning, when they rated my play (I had a good vacation this past September, monster roll and was on a winning streak at MSS) they saw that I still kept on taking out markers even though I was up. After my September trip they started to send me offers for free nights based on my play so maybe they were watching and found that I was taking out markers even though my play didn't reflect the need for it. My trip 2 weeks ago only confirmed that.

    - Because of decent sessions and Travelers checks I paid off all my markers the last few times I visited.

    This may be one instance where winning "big" (only a couple of grand - but big for me) actually hurt me, all these years I usually took out markers and had up and down sessions so I usually ended up getting the "bill" to pay off my marker after I got home but the past year I was able to pay off my markers before I left. And because of my "monster" roll in September I was rated high enough to get comp offers so they may have been on the watch to see if I deserved getting comps but they discovered the marker to play discrepancy.
     
  15. crapsguy5000

    crapsguy5000 Low-Roller

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    I have not experienced these things myself but I have talked to a lot of people who claim the same type of harassing encounters with casino employees. My last trip at Four Queens I had a few dealers and a pit boss admit to me that they have not dealt with markers all that much. Not many people using them any more with ATM's everywhere and a lot of banks willing to pay for ATM fees and all for their customers .Maybe they are slowly trying to get rid of providing markers. I hope not as they are convenient.
     
  16. Nittany1

    Nittany1 VIP Whale

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    I always call a few days before arrival to see if my line is active or needs to be reinstated.
     
  17. Chuck2009x

    Chuck2009x VIP Whale

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    You could call or ask a box man when you arrive. The only time I've ever run into it was at V/P when I hadn't stayed in just over 12 mos. I went to take a marker and the box sent me to the credit desk. I think I might have had to sign a new form, don't remember, but in any case, it only took 10 mins, and this was at night, so whatever they did wasn't very complicated. They told me their policy was 12 months.

    My trips are 5 months and 7 months apart, and I've never run into a problem anywhere when it's been less than 12.
     
  18. Drewm1972

    Drewm1972 Low-Roller

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    I have loc w MGM and I believe they check your bank info every six months or so and longest it comes out positive your LOC doesn't go away
     
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