How to Get Casino Credit
Casino credit is a small line of money that a casino lends you for gaming purposes.
Unlike a personal credit card online casino Singapore, which has a limit on how much you can spend, casino
credit is typically unlimited as long as the money stays in your account, and casinos
don’t report your balance to the major credit bureaus.
Depending on how much you want to borrow, casinos will ask you for your average
amount of cash in your checking account (with the exception of high rollers 96Ace Singapore, who
may be asked to provide more) and your credit history as determined by your FICO
or Vantage scores or, if you’ve already established a record of casino credit, by a
company called Central Credit. You’ll also be required to sign a credit application,
and you’ll have the option of providing a copy of your driver’s license or passport for
identification purposes.
Once you’re approved for casino credit, it’s easy to use. You’ll need to present your
ID and the casino’s credit card or voucher in order to get chips at a table or funds at
slot machines. If you want to draw more than your credit line allows, just return to
the casino credit cage and pay off the marker.
Markers are a great way to play in Las Vegas, but they’re only good for the casino
from which you get them. That’s because casinos aren’t in the business of helping
you gamble at other casinos, and they will be irritated if you take your markers to
another property. This practice is referred to as “walking with a marker.”
One of the main reasons for this policy is that casinos don’t want to have to deal
with issuing, monitoring and collecting casino credit debt. They’d rather have you
pay off the marker as soon as possible and then allow you to gamble again. If you
don’t pay it back quickly, the casino will submit your marker to your bank for
collection (it’s a legal IOU, like a check that’s not immediately deposited).
You can usually establish a credit line with a few minutes of paperwork at a casino,
but getting access to more than $500 requires more than filling out a form and
showing your ID. The credit manager will review your application and the information
you provided and either approve or decline your request. The process can be sped
up if you apply online before your trip. If you do so, expect the credit manager to call
you if your application is declined. This will give you the chance to explain the
circumstances and perhaps have your application reconsidered.