10 Things You Can't Buy With Your Credit Card
By SiliconIndia
2. To enjoy a game in the casino
To enjoy a game in the casino one must carry cash as credit card companies prohibit the use of cards to buy gambling chips. It is seen as a joint effort of the card companies and the casinos to encourage responsible gaming practices and prevent people from falling prey to gambling addiction. Credit cards can however be used in cash advances from ATMs, but that is a costlier way of gambling since credit cards charge interest on cash advances immediately after its issue.
3. To buy vehicle
Life will be so much easier if credit cards can be used to buy cars. But that’s not the case. The credit card companies may encourage vehicle purchase if one’s spending limit is high enough, but the seller may not feel the same. Often the dealers don’t feel comfortable to accept credit cards as they have to pay a fee of 1.5 percent to 3 percent for every transaction. Credit cards do allow cash advance that can be used to buy car but the purchaser should be willing to an extra fee of up to 5 percent.
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