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Looking at Casino Credit and Its Risks

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Most people feel safer using credit cards rather than cash on vacation because, if stolen, credit is easier to replace than cash. But you have to turn that strategy on its head on gambling vacations. If you want to play it safe when gambling, always use cash instead of credit.

The more credit you use (or perhaps abuse), the more you have to replace when you get home. For example, if you set a personal loss limit of $400 and blow your $400 in cash, stopping is easier because you’re out of money. But with a $2,000 credit line, after you burn through the first $400, you can still tap into more funds, which can ultimately lead to serious debt trouble.

This section explains the downside of relying on casino credit. But there are also some advantages to going this route, so we’ll talk about how to set it up and when to use that credit in a positive way.

Casino Gambling For Dummies

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