Best Credit Card US Betting Sites in 2021
With such a wide-spread use of credit cards across the globe, it’s no news we’ve all gotten used to them and can hardly imagine online world without it. The same goes for sports betting and gambling in general, serving as a great facilitator with a number of credit card betting sites in store.
Providing quick and easy access to funds, credit card holders can boost their sports betting bankroll in a matter of minutes. Still, there are downsides as well as different aspects one should explore before choosing a preferred MasterCard or VISA card to make deposits on best sports betting sites that accept credit card.
Credit Card: How it works!
Different credit card providers will provide different services in many aspects but the best thing about it stays the same. Credit cards allow you to quickly get your hands on those online sports wagers and enjoy online gambling. Being contested by US regulations for some time now, we see more lenient approach and positive changes almost every day. This has allowed a number of different spots for bettors to choose from. After picking your preferred website, which should be done with great attention and patience, moving on to the first deposit is really the easy part.
Top 5 betting sites with a credit card
There is a number of online betting sites that offer credit cards as prime payment methods in the United States, where VISA and MasterCard still dominate the market. You can check out some of them below and hopefully find something that suits your preferences!
Payment procedure with a credit card
If you have a credit card ready to go and you have picked one of the sportsbooks already, setting up an account and funding it should be a quick and easy process. Once you decide how much of a bankroll you need, just click the deposit button and follow these steps:
- Step 1: Select one of the deposit methods (i.e. VISA, MasterCard, American Express)
- Step 2: Select the amount you’ll deposit
- Step 3: Enter the required credit card details (i.e. name, address, card number, CSV)
- Step 4: Confirm and wait for the money to appear on your account
When it comes to online shopping, most Americans opt for a credit card like MasterCard or AMEX to make their payments. Credit cards are also usable for sports betting deposits, but it should be noted that they usually aren’t available as cashout methods, making them less than ideal for online betting. Players who want to make fast deposits and cashouts might want to consider an e-wallet as an alternative to credit cards.
Credit Card: You need this before your first payment
Using credit card on betting sites has become very common and as long as you stick with reputable sportsbooks, you should not worry. Still, it’s important to take all possible precautions and only bet money you can afford to lose. Find out all of the specifics of your credit card before using it, even if online sports betting and gambling resembles common online purchases.
Make sure to provide all the correct information when making your account and making the first deposit, as you will need to confirm it with documents before being able to withdraw. Learn more about all potential fees you might face, including interest rates your credit card provider charges. Find out if claiming a welcome bonus is possible with your preferred method. These can often cover for interest rates but should not be taken for granted.
If you are a first-time cardholder, make sure you find the best option for yourself and take the time to investigate. Making deposits afterward and taking advantage of the best odds will be an easier routine, that’s for sure.
Applying for new cards has also become a simplified process on most prominent sites and we discuss these in more specifics. You can visit the respective website and follow an intuitive process, only to be completed with required legal documents later.
Pros and Cons of a credit card
Advantages of a credit card
Possibly the biggest advantage credit card betting online can offer is the ease of access to money, just as one would have it when shopping. This practically means you can decide to wager on sports at any time of the day and fund your account within minutes. It certainly brings a great bit to the enjoyment of sportsbooks and online sports gambling in the first place.
Additionally, credit cards are widely accepted and making deposits is a seamless process regardless of the website you pick to bet with. Entering your information and credit card details is enough as long as you have an existing card. Even if you don’t, it’s easy to apply for one online.
The data you enter is as secure as can be. Security systems, data encryption, and the ability to cancel the card immediately in the odd case of a fraud or similar all serve to the purpose. Deposit limits are usually high too and there are usually no fees (or they are very low) for making a deposit. This will be best taken advantage of with a bigger bankroll you want to transfer to new sportsbooks. Still, you might pay fees when withdrawing money, which takes us to the downsides we have to consider.
Disadvantages of a credit card
Sports betting with credit cards is widespread and bettors can find a number of different sportsbooks offering it as one of the deposit methods. However, it’s fair to note that it’s more difficult to find sites offering a MasterCard, American Express or VISA credit card as withdrawal methods.
This means the process of getting money back into your bank account could be a more time-consuming job. You will be able to bet and enjoy all the thrills online gambling holds but might need another payment option to withdraw potential winnings.
That being said, sports betting credit cardholders will not be denied their money. It’s just a fact bank transfers take a lot longer, so make sure to check it out. If your cards are not listed among withdrawal options, you cannot count on your money hitting the account in a day or two.
- Credit cards are widespread and accepted worldwide
- They offer great security when it comes to funds and data
- The limits are high and fees are low
- Few sportsbooks offer credit cards as withdrawal options
Usual processing time & fees for payments with a credit card
As said, credit card deposits are credited almost instantly and there are rarely fees charged. Even if there is a fee with a sports betting site you choose, it will be very low. This differs among sportsbooks and we provide more details on our sportsbook review pages, which should be an important part of your research before making an account.
We also noted withdrawal through credit cards is not always available, even if you use it as a deposit method. This makes it important to check out withdrawal times and fees with any other method you might use for withdrawals.
When you do request a withdrawal via a credit card, the processing time usually ranges from two to five work days. This certainly makes for one of the fastest ways to get your money into sportsbook and back to your bank account. Withdrawal fees can vary from one sportsbook and credit card provider to another but they are usually on the low end, set anywhere between 2.5% and 5% of the amount in question. Additionally, you should have bank interest rates in mind to have a complete calculation in place when you are just starting to bet on sites.
Yes, there is a number of sports betting sites that allow you to make a deposit with a credit card, some of which we consider best gambling resorts online. Still, it’s important to note different sportsbooks accept different cards and you can learn more about this in our in-depth review pages.
While finding a site that offers credit card withdrawals is more of a hassle, you can still find websites that allow you to use the same method. Most of the best US betting sites do not, though, and you might need another withdrawal option to take out any potential winnings.
There are usually no fees for deposits with credit cards. This does not mean you are not charged anything, though, as you need to consider fees you’ll pay when withdrawing as well as the bank interest rates. These will differ with card providers (i.e. VISA, MasterCard, or American Express) as well as your credit score.
We suggest taking the time to find out all the necessary information regarding sportsbooks and make sure your preferences are satisfied, from banking methods, website, mobile app, to gambling opportunities, bonus, and odds. Great places to start are payment methods or a sportsbook review on our website.
Yes, there are top security systems in place with your bank as well as all the best sportsbooks around. Still, it is important to find betting sites with SSL encryption and always make sure that you see the padlock next to the address bar when entering sensitive data.
If you have a credit card ready to go, all you need to do is select one of the sportsbooks above, create an account and make a deposit. If you don’t, you can apply for one online with most of the providers and deliver all the necessary documents afterward.
The deposits with credit cards are almost instant on most sites that accept it. The withdrawal times, on the other hand, take between two and five work days. It’s important to check if the sportsbook allows credit card withdrawals even if you can deposit, as this is not always the case.