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With a cash advance, those fees plus the accrued interest charges on the cash advance can quickly add up.
“Lotteries often leave the decision up to the retailers,” says Tom Tulloch, director of administration for the North American Association of State and Provincial Lotteries.
“Often retailers are reluctant to accept credit cards for lottery purchases (because) their sales commission is reduced by the swipe fees they would have to pay on the transaction.” Even if you’re in the right state at the right retailer, American Express and Discover won’t be one of the cards you use to make that purchase.
These funds can then be used to buy chips or inserted into an electronic gaming device like a slot machine.
Keep in mind the high cost of a credit card cash advance.
“American Express’ policy does not allow the acceptance of the card for digital adult content,” says Leah Gerstner, a company spokeswoman.
This rule has been in place since 2000, even though it’s federally legal to use a credit card to purchase most online adult entertainment.
The average APR on such a transaction is 23.68 percent, according to a 2017 survey by Credit
That’s nearly eight percentage points higher than today’s average credit card APR.
Ryan Deberardinis / Eye Em/Getty Images You’ve probably heard this priceless slogan before: “There are some things money can’t buy.Tags: Adult Dating, affair dating, sex dating