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Nevada laws prohibit the purchase of gambling chips with a credit card, says Gary Thompson, spokesman for Caesars Entertainment Corp., which owns, operates or manages casinos in 13 states and seven countries.
Other states have their own regulations regarding gambling restrictions, says Brian Lehman, spokesman at the American Gaming Association. Discover and American Express ban the practice of buying casino chips with their cards, representatives from both companies said.
Visa and Master Card did not respond to requests for comment.
Aldworth also says banks won't extend basic banking services to marijuana dispensaries, meaning they can't take checks, either."This can cause real-life issues for patients desperately seeking medicinal marijuana," she says.
Buying gambling chips on a credit card is also a violation of the contracts that Caesars has with Visa and Master Card, says Thompson. However, credit cards do allow cash advances from ATMs that can, in turn, be used to buy gambling chips.
That's an even more expensive way to gamble because most credit cards charge interest on cash advances immediately after the advance is issued.
Credit card brands always brag about their cards' ability to expand your purchasing power and vie with each other for the greatest universal acceptance worldwide. It turns out there are some things credit cards won't buy.
Remember Master Card's priceless slogan: "There are some things money can't buy. So you leave home without it, to riff off of American Express' catchphrase.
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