{"id":111018,"date":"2019-08-03T05:00:45","date_gmt":"2019-08-03T12:00:45","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=111018"},"modified":"2019-08-03T12:22:10","modified_gmt":"2019-08-03T19:22:10","slug":"apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/","title":{"rendered":"Apple Card Users Won’t Be Able to Buy Casino Chips, Bet The Ponies or Buy Bitcoin"},"content":{"rendered":"

Apple Inc.’s highly anticipated credit card, expected to be launched later this month, will not be usable at casinos to buy chips or at racetracks to make bets.<\/p>\n

\"\"
Apple CEO Tim Cook discusses Apple Card at an event earlier this year. (Image: Macworld)<\/figcaption><\/figure>\n

Goldman Sachs, the issuing bank of the Apple Card, released its cardholder agreement Friday, outlining several banned transactions that can be seen as alternatives to traditional cash advances.<\/p>\n

Cash Advance and Cash equivalents means any cash advance and other cash-like transaction, including purchases of cash Cash Advance and Cash Equivalents; equivalents such as travelers checks, foreign currency, or cryptocurrency; money orders; peer to peer transfers, wire transfers or similar cash-like transactions; lottery tickets, casino gaming chips (whether physical or digital), or race track wagers or similar betting transactions,\u201d according to the Goldman agreement.<\/p><\/blockquote>\n

Apple Card is designed as a cash-back credit card with different tiers. At the high end, cardholders get three percent back for purchases at Apple-owned properties and web sites, such as iTunes, Apple Music and the company’s retail stores.<\/p>\n

Users get two percent back for any purchases made using the card via Apple Wallet and one percent back for all other buys.<\/p>\n

Other Cards Do It, Too<\/b><\/h2>\n

It is not uncommon for credit issuers and payment network operators to ban purchases of certain goods and services they deem \u201cnaughty.\u201d American Express and Discover ban cardholders from buying casino chips. State law in Nevada, the largest casino gaming destination in the US, forbids purchases of chips on credit cards.<\/p>\n

\n

MasterCard and Visa, two of the world’s largest payment network operators, reportedly don’t allow the purchase of casinos chips with cards issued under their brands. For Apple Card users and anyone else wanting to plunk down plastic for chips, the way around these restrictions is simple and legal: taking cash advances on the card in the casino and using the cash to buy chips.<\/span><\/p>\n<\/div>\n

Several states, including California, do not allow lottery tickets to be purchased with credit cards, and American Express doesn’t allow its users to buy lottery items, including scratchers, with any of its cards in any state.<\/p>\n

Some gamblers may think that buying chips with a rewards credit card is a good way to rack up points and frequent flier miles, but they would be wrong. Many issuers of reward cards say in their cardholder agreements that cash-like transactions do not count toward accrual of points.<\/p>\n

For example, the popular Chase Sapphire Card does not let users earn points for buying \u201clottery tickets, casino gaming chips, race track wagers or similar betting transactions,\u201d according to its agreement.<\/strong><\/p>\n

Bitcoin Banned, Too<\/b><\/h2>\n

Goldman Sachs joins several other large banks, including JPMorgan Chase and Citigroup, in banning purchases of bitcoin and other digital currencies via credit cards.<\/p>\n

Purchases of digital coins and gambling-related fare don’t seem to jibe with the mission of Apple Card, which the company is framing as a \u201chealthy\u201d card.<\/p>\n

\u201cApple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money,\u201d said Apple when it announced the card earlier this year.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Apple Inc.’s highly anticipated credit card, expected to be launched later this month, will not be usable at casinos to buy chips or at racetracks to make bets. Goldman Sachs, the issuing bank of the Apple Card, released its cardholder agreement Friday, outlining several banned transactions that can be seen as alternatives to traditional cash […]<\/p>\n","protected":false},"author":46,"featured_media":111021,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,24066],"tags":[],"acf":[],"yoast_head":"\nApple Card Can't Buy Casino Chips, Lotto Tickets or Bitcoin<\/title>\n<meta name=\"description\" content=\"Apple Card can't be used to buy chips in a casino, bitcoin, lottery tickets or for bets at race tracks.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Card Can't Buy Casino Chips, Lotto Tickets or Bitcoin\" \/>\n<meta property=\"og:description\" content=\"Apple Card can't be used to buy chips in a casino, bitcoin, lottery tickets or for bets at race tracks.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-03T12:00:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-03T19:22:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/tc.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Todd Shriber\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@etfgodfather\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Todd Shriber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/\",\"url\":\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/\",\"name\":\"Apple Card Can't Buy Casino Chips, Lotto Tickets or Bitcoin\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/tc.jpg\",\"datePublished\":\"2019-08-03T12:00:45+00:00\",\"dateModified\":\"2019-08-03T19:22:10+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/f4cecf70a5032bc4e60eb73fc86d4a85\"},\"description\":\"Apple Card can't be used to buy chips in a casino, bitcoin, lottery tickets or for bets at race tracks.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/apple-card-cant-buy-casino-chips-lotto-tickets-or-bitcoin\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/tc.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2019\/08\/tc.jpg\",\"width\":1200,\"height\":800,\"caption\":\"Apple CEO Tim Cook discusses Apple Card at an event earlier this year. 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