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If you could put a credit card in a slot machine...

Discussion in 'Misc. Vegas Chat' started by sco5123, Jan 13, 2013.

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  1. sco5123

    sco5123 VIP Whale

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    How would your game/fun be impacted if you could play money on a debit or credit card by direct insertion into a slot machine?
     
  2. breanna61

    breanna61 Super Moderator

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    Oh......I hope they NEVER implement that; if they do, my credit cards will stay in the safe. Too dangerous when doing drinking thinking.:eek:
     
  3. oghuman

    oghuman High-Roller

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    There should be a law against that.
     
  4. sammowhammo

    sammowhammo VIP Whale

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    Debit - nope but credit card sure. That would work for me since we pay them off each month & use 2 cards for everything. I haven't paid for a SW plane ticket or a Hilton brand hotel room in years.

    It wouldn't impact my play but I would be happier at the end of the trip to accrue points.
     
  5. JDinTN

    JDinTN MIA

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    I believe there is a law against it right now. Or at least a regulatory restriction from the various state gaming commissions.
     
  6. dfalk

    dfalk VIP Whale

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    Wouldn't change the way I play at all. To me money is money, weather its cash or money on the debit card its all the same. Wouldn't even think about using a credit card since that is money I do not technically have.
     
  7. dmr

    dmr Registered Abuser

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    I think there must be a law against it! I'm sure the casino bosses have thought of it long ago and if they could do it, they would have long ago.

    As far as myself, no {f-bomb}ing way would I ever want to get in that habit!
     
  8. Kerjack

    Kerjack Tourist

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    No credit card for me, so play wouldn't be affected at all.
     
  9. captainron62

    captainron62 VIP Whale

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    It would just seem sort of dysfunctional to me using a credit card, cash seems kind of "play money" like. The money coming right out of my acct would bug me. I dont know why, it just would.
     
  10. Joe

    Joe VIP Whale

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    If it was legal I'd do it in a heartbeat on my credit card. It would be better than my line of credit, I'd earn points on my CC.

    I've had charge cards for 43 years now and never had a balance. Paid in full every month.:thumbsup:

    Once, many years ago, I did learn the hard way to never again take a credit card advance for cash at one of those ATM type machines. Young and dumb!:nono: The fees are outrageous!
     
    Christmas
  11. ken2v

    ken2v This Space For Rent

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    Gotta agree with those who say it's a no-brainer. Earning cash/points on a CC? Winner. Seriously, what's not to like (as long as the reward program isn't eliminated)?
     
  12. redzone

    redzone Low-Roller

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    We use our credit card for as much as we can. No interest accrues as long as you pay it off in full each month. You collect points and it paid for our trip over christmas.

    I know that if you take a cash withdrawal (which I believe it would be considered a cash withdrawal on a slot machine) the interest is payable from the moment you take it so never use your credit card for cash withdrawals.

    I would not be surprised to see machines accepting debit cards in the not to distant future though. I would open a new accountant for gambling with a limit per day and feel comfortable using it.
     
  13. smartone

    smartone VIP Whale

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    Ohhhh that would not be good... for the same reason my waist size isn't what it oughtta be, no willpower! ...and before someone says it, I know it's not really "rocket-science" to go to the cage or a machine and get $$$ on the card, but it indeed is an extra step and does provide some "buffer". Living here in Nevada, I see the "ugly" side of gaming often. People who just can't say no and always feel they're just one royal away from paying things back, etc. I know, I know... what happened to personal responsibility? But "that side" of gaming is real too...
     
    Last edited: Jan 14, 2013
  14. Buddha

    Buddha VIP Whale

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    I'm with Joe on this !! We charge everything. And, for many, many years, I have never paid a finance charge on my CC ... but have earned "thousands" of $$$ in reward points and cash-back. If I used my SWA card in a VP machine over a week's time, and charged a total of $6000 (note - I did not say LOSE $6000), I would earn $100 in SWA - RR points.

    However, you would have to be financially responsible in those casino transactions, and be a person who can safely control their emotions.
     
  15. Joe

    Joe VIP Whale

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    Thinking more about this...
    How long do you think it would take for the CC company to exclude casinos from their rewards program?:poke:

    TITO, deposit $1,000 into the machine and hit cash out. I could do that 20 times before I reached my limit. I have to believe the CC company would catch on to that within a month.
     
    Christmas
  16. Nevyn

    Nevyn VIP Whale

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    Well, there is the extra ease with which people can go way over their budget (at least walking to an ATM gives you time to think it over).

    And then there is the question of how it would be treated. My guess is that the CC company would treat it as a CASH ADVANCE and charge you fees for it, because there is no way the casino would give the card company 2% of whatever buy-in.

    And if they didn't charge you fees, reason #1 would be even worse. Don't underestimate the psychological impact of first time away from the machine to cool down as you head to the ATM, followed by the pain of racking up fees to take out more.

    As a table game player, this would not impact me (and even if you could swipe a card at tables, I think I'd still run a cash budget). But I think its a good thing you can't do this.
     
  17. ken2v

    ken2v This Space For Rent

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    As I clearly stated, IF the reward program was in place, which of course is doubtful. Then again, a casino might be very happy to kick back an extra 0.5% for the extra inputs.

    As for personal control, who cares? We could make the same good-sam argument that casinos shouldn't exist at all because too many people can't control themselves.
     
  18. Nevyn

    Nevyn VIP Whale

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    Sorry if the quoting made it seem like I was directing it right at you. Pointing out that it would likely be a cash advance was where I was going anyway.

    As for the casinos willing to kick back an extra 0.5%, that depends on how it works.

    If you make it just like putting a bill in the machine, then people can use it as an end run around cash advances. Buy in $100, get the tito, then use the money elsewhere. Could still be at the casino, but not guaranteed, and the casino pays the cc company 50 cents without any assured play.

    If you make it a separate transaction every time you need a new amount of credits to keep playing (which the CC companies would not like), do you require a PIN every time? If not, what happens to the "card left in the machine"?

    Well, I care (at least a little). As with anything it may seem silly or arbitrary to draw a line somewhere and say "that's too much", but we do it all the time. We love violent sport until someone doesn't recover and it gets "too real". We love everyone having a McMansion until the economy tanks.

    And its easy to ignore problem gamblers when they are simply a few cautionary tales.

    But when the problem gets too big or too visible, people start to care. Heck, even casinos may care. Sure, it would pad the bottom line for awhile. But the more people who get in deep, the more it could lead to taking a look at gambling laws. Its why casinos have "when the fun stops" brochures. Its why beer/alcohol companies do "enjoy responsibly" commercials.

    You can shear a sheep many times ...
     
  19. numeno

    numeno VIP Whale

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    Actually I think the CC companies would love this. While they get money from people paying interest, they also get a ton of money from transaction fees. So the casino is paying for your points. :)



    Also, it took a little longer than a money, but you used to be able to buy coins from the US Mint with a CC. You paid face value and free shipping but got the CC points.





    1) It will never happen on CCs because casinos simply aren't going to pay the fees to CC companies. That 2-3% has to come from somewhere, so they would tighten up the machines. Goodbye any VP more than 97% return.

    2) I'd leave my CCs at home. While I trust myself normally, I don't trust myself when extremely drunk. :) This is also the main reason why I will never learn a pin number on any CC of mine.
     
  20. Kickin

    Kickin Flea

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    Why is everyone assuming in the far-fetched situation you could use your credit cards that you would get points on it? If you took a cash advance you wouldn't get points so why would this be any different? The credit card companies aren't that dumb. What would stop people from just charging a large amount on a slot machine and then cashing it out to get the points?

    Even right now you technically can get a cash advance on your credit card and use it for gambling but its stupid to do because of the high fees and you still don't get points for it.

    In the hypothetical situation where the credit card companies were high on acid and treated it as a regular purchase that qualified for points then hell yeah I'd use it. I charge everything I can and never ever carry a balance so I rack up a ton of points.

    By the way, just as an aside there was a situation several years back where you could charge "cash" to your credit card and get points. It was talked about a lot on various forums like flyertalk. The US Mint was selling the Presidential Dollar Coins at face value with no shipping charge in order to boost their popularity. Treating them as "collectibles". They sold them in rolls of $25 and there was a stated limit to how many you could order but the system was screwy and let people order as many as they wanted. The purchases did get treated as normal purchases by the CC companies and you got the points. So people just bought tons of them since there was no fee and it was just buying cash at face value that you could deposit straight into the bank. I remember one guy posted about how he carted in cases and cases of those rolled dollar coins to his bank and they deposited them all. I tried it for a small amount, like $1000 just to see and it worked fine but people were doing it for tens of thousands at a time. Now that was a way to rack up some serious points with no risk and no fee if you wanted to. :)
     
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