Payment Methods: Focus on Credit Cards

Pretty much every online casino lists credit cards as a deposit method, however only a few actually work. Many online casino gamers prefer using credit cards to any other payment method as it is a tried and tested payment tool. Unfortunately in Canada, it has been difficult to use credit cards at online casinos. However, things have changed and the casinos have found ways to process credit cards without your company blocking it. The payment processor combined with depositing non-exact sums like $103.89 work at the best casinos. We have had success with this method at the casinos we list. If you are looking for info on Canadian land based casinos and credit card use, we go over it below.

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Credit cards have been around for over 60 years and are definitely one of the most popular methods of making online payments in general. One of the obvious advantages of using a credit card is that it allows players to spend funds that they don’t necessarily have, although the amount can never exceed the cardholder’s set limits. The disadvantage of spending more than you have is the possibility of going into debt.

Canada's Favourite Credit Card Casinos December 2019
1 Euro Palace Logo $600 Bonus Enjoy a $600 Welcome Bonus matched at 100% at this classic Microgaming casino
2 Jackpot City Logo $1600 Bonus Fantastic casino with over 400 slots games and a huge $1600 Welcome Bonus
3 Royal Vegas Logo $1200 Bonus $1200 Free new player Bonuses all matched at 100% and a rock-solid casino.
4 Casino.com Logo $400 Bonus New Exclusive 200% Bonus up to $400 with low 40x wagering + 200 Free Spins and preferred Canadian banking including Interac
5 LeoVegas Logo $1000 Bonus Leo Vegas is a great, award winning casino with a fabulous Welcome Bonus
6 Guts Logo $100 Bonus Canadian specific banking options help make this casino a hit for Canucks
7 Casinoland Logo $800 Bonus Up to $800 Welcome Bonus over 4 deposits and play over 250 of the top games available
8 Casino Cruise Logo $1000 Bonus Up to $1000 Welcome Bonus and a great selection of casino games. T&Cs Apply Casino Cruise Terms and Conditions apply
9 Bob Casino Logo $1500 Bonus 10 No Deposit Free Spins and Up to $625 awaits you at this new Bitcoin casino
10 Spin Casino Logo $1000 Bonus Spin Palace has re-branded to Spin Casino! Get $1000 Bonus on your first 3 deposits all at 100% match

Types of Cards

Visa:  Visa is the biggest and one of the most successful credit card companies in the world so they are a good choice when it comes to choosing a credit card or debit card. Visa is also the most popular choice among online gamblers and almost all online casino sites offer it as a payment method. Making a Visa deposit at a casino site is a very similar process to shopping online. It is important to note that certain online casinos will only accept credit cards and not debit cards.

MasterCard: MasterCard is Visa’s top competitor, with it being the second biggest credit card company worldwide. MasterCard is a safe and trusted brand that many players opt for. Most online casinos accept MasterCard as a payment method.

Diner’s Club:  Diner’s Club is an internationally recognized credit card brand, that’s major draw is their perks and benefits for members. Most online casinos accept Diner’s Club cards, with a few casinos even giving special benefits to cardholders.

Prepaid Cards: You can get prepaid debit or credit cards from a variety of credit card providers. They are very similar to usual bank cards except they are loaded with a predetermined amount of money. Most card accepting casinos should accept these prepaid cards too. An advantage to them is that payments can be done more discreetly and they can also be reloaded online.

Vanilla Prepaid Visa or Mastercard

Vanilla prepaid cards are an interesting alternative to the classic credit card but we do not recommend using them. Vanilla is available at 7Eleven stores and Walwarts across Canada as well as other convenience stores, gas stations and grocery stores, totalling 10,000 locations.

To use the card at a Vanilla online casino you simply need to purchase and activate your card then select Visa or Mastercard as a deposit option on the online casino website. Deposits should be instant. Withdrawals are not an option using Vanilla prepaid Visa and Mastercard.

The biggest reason not to use Vanilla prepaid is excessive fees. There are often fees charged by online casinos for using Visa and Mastercard and the activation fees from Vanilla are extremely high unless you choose a high dollar amount card. See the fees for each in the table below and I have included the percentage of the amount you are losing to activation.

AmountFeePercent
$25.00$3.9515.8%
$35.00$4.5012.9%
$50.00$4.959.9%
$75.00$5.507.3%
$100.00$5.956.0%
$150.00$6.504.3%
$200.00$6.953.5%
$250.00$7.503.0%
$500.00$7.951.6%

Advantages

Disadvantages

How We Rate Credit Cards

Credit Cards should truly deserve a high rating given they are available to use at every single casino but  here at Casino Canuck we frown on using them. The biggest drawback is that you will be paying fees slightly higher than other payment methods. It is also sometimes not possible to use some Canadian credit cards at online casinos. They are one of the first online payment methods to come about and are trusted within the industry. Almost all online casinos accept some form of credit card and they are easily accessible for most players worldwide.

Why use Credit Cards at online casinos?

The biggest reason as to why so many people use credit cards when online gambling is that they can charge funds into their account instead of real money. The fact that you can spend more than you have is a major advantage to serious players. It is also usually a relatively quick and easy process to extend your credit card limit if it looks as if you’re reaching it.

Because credit cards have been around for so long, the online payment has been close to perfected. This means that transaction times are usually quick, depending on what credit card you have, and funds are usually processed faster than in other methods. In some cases, funds can be processed almost instantly.

Making online purchases with a credit card is usually exceptionally safe, especially when using a well known credit card brand from a trusted bank. It is of course, up to the cardholder to make sure that they only play casino games on registered and accredited sites. There are security features in place that protect the cardholder’s financial and personal information that are constantly being improved and updated.

Drawbacks

There are obvious and major advantages to using credit cards online, but there are also some drawbacks. If cardholders aren’t careful they can over spend on their cards and go into credit card debt. If it gets really bad they could even end up blacklisted. It is important to gamble responsibly and adhere to the age old rue of never spending more than you’re prepared to lose.

Bitcoin

One way to get around using credit cards directly at the casino is to purchase bitcoins and then play at our top bitcoin casinos. There are a variety of bitcoin wallets and exchanges that allow credit cards to be used to purchase cryptocurrency such as Coinbase and CEx.io.

Making deposits with credit cards

Depositing money into an online casino account is very straightforward and is a very similar process that you may have experienced while shopping online.

Below is a step by step guide on what you can expect from depositing at casino sites:

Withdrawing with credit cards

Each online casino will have slightly different withdrawal processes which may differ even more depending on which bank you’re with. The below process is fairly typical and can be expected when making credit card withdrawals:

Where can I get a credit card?

Credit cards are fairly easy to access. If you have a good credit history, your bank should issue you one without any hassles. Debit cards are even easier to obtain and all you need is a small minimum amount in your bank account and to pay a small fee.

Land Based Casino Credit Cards

As we have gone over in our legal page, gambling is fully within the jurisdiction of provincial governments and is thus regulated differently depending in which province the casino is located. However, generally you cannot use a credit card in a casino for gambling related activities which includes buying chips or gaming gift certificates. Ontario was the last province to allow casinos to give credit to players. To see more information on specifics by region you can check out this article.

Bottom Line

Credit cards have a good reputation and are widely used. If you have no other options, like Instadebit or iDebit, we would give them two thumbs up when choosing which payment method to use for online gambling as long as you are OK with the slightly higher fees and you bank doesn't restrict online gaming payments.

More Casino Payment Methods

Last Updated: November 12, 2019