What is Casino Credit?
Generally speaking, a casino credit is a line of credit, or a loan, that can be used by
players at the casino to play table games or slot machines. Unlike a credit card,
casino credit is paid back over a period of time. If you are a regular player at a
particular casino, the credit line can be increased to a higher level. However, if you
are a new player at a particular casino Singapore sports betting, you will probably only receive a small line of
credit. This is because casinos want to know that you will have the ability to draw
funds from the account.
The Casino Credit has no fees and no interest. It’s also a great way to eliminate the
need to carry large amounts of cash online betting Singapore. You may even have access to a chip at the
table that can be exchanged for real money.
It’s a simple process. You can either visit the credit office at the casino, or you can
download an application from the casino’s website. You can then submit your
information to the office in person, by mail, or by fax. The application will require
your usual pedigree details, as well as your checking account number and name.
The application should be returned to the credit office at least a week before your
planned trip to the casino.
It’s not a surprise to learn that the smallest possible Casino Credit line will vary from
one casino to the next. The amount of the line will be based on the average amount
of cash in your checking account, your credit history, and any other assets you have.
If you are lucky enough to win a lot of money, you will likely draw more chips from
your credit line. But, if you are a poor knucklehead, the line might be reduced or
altogether eliminated. If you don’t repay your markers on time, your credit line will
be sucked dry.
In general, you will be asked to sign a form authorizing the casino to pull your
consumer report and to verify that you have a checking account. You will then be
asked to bring a copy of a check you wish to use. Some casinos will not allow you to
use a post-dated check. This is because most casinos do not offer interest free
loans. In fact, the casino is held to the same federal reporting standards as banks. If
you fail to make a deposit or if you don’t pay off the marker, you will lose your credit
line and your gaming privileges.
The smallest possible Casino Credit line will likely be a mere $500. However, you
could get a million-dollar credit line at some destination resorts. You might even be
able to apply for a credit line before you even arrive at the casino! The application
will be reviewed in as little as 72 hours, depending on the size of your credit file and
the whims of the credit department.…