The Best Credit Card Casino Sites

Stack of Credit Cards

There is no question that the internet has changed the way we live our lives, but maybe the most important change was the ability to make purchases on our computers. A whole new level of convenience was introduced, and while there was a lot of trepidation about giving payment information to companies through the internet, payment processing companies quickly found security protocols that put most people at ease.

Credit card companies reaped huge benefits from this, as there was no way to use cash over the internet to make purchases. In the early days of online payments, the credit card companies had a true monopoly, and while many new types of processors have entered the market, credit cards still have their seat at the table.



Credit Cards and Casinos

The online gambling industry was one of the first to accept payments via computers, so it is no surprise that credit cards played a huge role in the growth of the business in the early days. Without being able to use credit cards to accept payments, it is safe to say that we wouldn’t have seen the size of the industry that we saw in the early 2000s.

Credit cards have had a tough run over the years, especially in countries like the United States. As a way to curtail an offshore industry growing by leaps and bounds, the US government passed the Unlawful Internet Gaming Enforcement Act in 2006, making it illegal for American banks to process online gaming transactions. This was a big blow to banks and credit card companies, who had been charging clients up to 14% in fees for these gambling transactions. However, the industry continues to use credit cards, even in jurisdictions where it is prohibited. Now, with the introduction of regulated sports betting in the United States, it will be interesting to see what happens to UIGEA.

Just like the rest of the online payment industry, there have been many challengers to the credit card method of payment. While some have stuck around, many of the third-party suppliers still require people to fund those accounts with credit cards before the digital cash can be used for purchases.

Pros and Cons of Using Credit Cards for Casinos

With so many choices for people when it comes to making deposits and withdrawals at online casino sites these days, it is important to outline the benefits and disadvantages of using credit cards.

  • Convenience
  • Speed
  • Familiarity
  • Security
  • Bonuses

  • Approval Rates
  • Fees
  • Interest Charges
  • Payout Maximums
  • Bonuses

Pros:

Convenience

The fact of the matter is that many of you already have a credit card in your wallet, which means there are no hoops to jump through creating another payment account. Simply pull out your wallet, pick a card, and enter your information, and (hopefully) your transaction will be approved, and you will be ready to play your favorite games.

Speed

Not having to create a third-party account and waiting through a verification process means that when you use your credit card, you are likely to have your transaction approved instantly. Of course, there are still some issues which may delay your deposit, but for the most part, credit card transactions are approved on the spot.

Familiarity

If you have shopped online before, then you already know the process for using a credit card to make your purchases. That familiarity makes players feel more comfortable using a credit card than other payments, as the steps are basically the same as purchasing any other product.

Security

The fact that you are using a card associated with your bank gives you an extra layer of security when it comes to fraud. You are most likely going to receive communication from your card issuer when you first make a purchase at an online casino, and while this may seem like a pain, it is a way that the companies ensure that it is you using the card and that the information has not been compromised.

Bonuses

Most sites offer bonuses to players who make deposits with credit cards, and in fact, some sites block other payment methods from being able to collect these offers. You should do your research to maximize the bonuses you can receive for using certain types of credit cards.

Cons:

Approval Rates

Given all the issues that banks have faced with chargebacks and other associated problems with fraud, it should come as no surprise that many credit card online casino transactions are declined. This can be for many reasons that have nothing to do with your account standing or balance, but more because of the way that the transactions are coded in the system.

Fees

We already mentioned how much operators are charged for credit card transactions, and many casinos will pass those fees through to players to cover, especially on the withdrawal side of the ledger. With some legwork, you can find sites that don’t pass through these fees.

Interest Charges

Your credit card is extending you credit in the hopes that you won’t pay the balance in time, resulting in interest charges. When it comes to payments to online casinos, some cards consider that a cash advance and not a purchase, which may mean higher interest and more frequent charges.

Payout Maximums

Most online casinos, based on how they process transactions, will have a limit on how much you can be paid to your credit card. In most cases, it is the amount that you have charged to the card. Anything above that needs to be processed via another method, which may result in double the fees charged.

Bonuses

Yes, bonuses can be both a pro and a con for credit card users. Some sites give higher bonuses and more offers to people who use alternative methods, so if you have found a site you really like and this is the case, then you may want to consider a different payment option.

What Makes a Great Credit Card Casino Site?

There are thousands of online casino sites available to play these days, so finding the right one for your style of play is critical when determining your overall enjoyment. We outlined some of our favorite and most recommended sites that offer credit card payments earlier on this page. These sites all accept credit cards, but more importantly, they are leaders in the categories that we have listed here.

Game Selection

The type of games that a casino site offers is very important. There are many very different casino software suppliers in the market, and the top sites are those that pick and choose from the vendors to create lobbies with the best set of content. We look for sites that also offer the widest variety of slots and table games, as some sites can omit games we think are essential to overall player enjoyment.

Bonuses and VIP Programs

We have touched on this already in this article, but the promotions being offered by a site can often make the difference between a player trying the site once or staying a loyal player. We look for sites that offer the highest bonuses, but also those that have redemption rates that make it possible to actually earn some of these large figures. A great VIP program can go a long way in improving the bottom line of a casino player – we want to see sites that offer loyalty points in a tiered system that also rewards players with even more perks.

Mobile Compatibility

These days, you are more likely than ever to play your casino games via your phone or tablet. We review the mobile offering from every casino we look at to determine which are the most optimized for play on multiple devices. This includes reviewing any native apps a casino may offer to its Android or iOS users.

Security and Reliability

Finally, we want you to choose sites that are the most secure when it comes to protecting your funds and the integrity of the games. You should be looking for sites that are licensed in jurisdictions like Malta or the United Kingdom, both of which are very protective of casino players. In the absence of those licenses, you should at the very least be looking for sites that use software that is independently audited for integrity, so you know the games you are playing are set to play with the right math.

The Future of Credit Card Usage

With the introduction of multiple pre-paid and third-party payment platforms, credit cards are being slowly pushed to the side when it comes to making deposits and withdrawals at online casinos. Today, the advent of cryptocurrency challenges the credit card companies even more.

However, there is no need to write a eulogy for the credit card just yet. The majority of transactions continue to come from direct credit cards, and even these crypto wallets need to be funded somehow…and guess who is there to help? You got it…credit card companies. While we see the need for modernization in the credit card processing world, and perhaps a drop in fees, we do not see this payment method going away anytime soon.