Credit card casino deposits are expensive

There are many ways in which to make a deposit into your online casino account as the online casinos try to make it easier and easier but many Irish casino players are still using the deposit method that they opted for when signing up and that is often a credit card. Credit card casino deposits are probably the worst method that you can choose as the costs are higher plus the card issuer, which might be your bank, is aware of your activities. This latter point might be important to some but not others. It is not the online casinos that are making the charge for using a credit card as is sometimes the case with others when buying online but it is the credit card issuer themselves. There are in fact two sets of charges associated with credit card casino deposits the first of which is simply because it is gambling. Credit card companies have in the smaller print a charge for using the credit card for online casino payments or any other form of gambling. The second charge is due to the fact that when you make a casino deposit with a credit card you expect the money to be in your account immediately and indeed it will be but there is a downside to this. Because the cash is in your account immediately it is considered as a cash transaction in the same way as it would be if you used your credit card to make a cash withdrawal from an ATM which in turn means that you will start paying interest on the money from the day you made the transaction until you pay off the credit card bill. Even for those who are very good and pay off their credit card every month this can still result in considerable charges due to the very high interest rates on credit cards. In general therefore do not use a credit card to make deposits into your online casino account if you have a choice.