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Can Credit Card Offers Make You a Millionaire?
Nowadays more and more goods and services can be paid off with credit cards. Credit card offers are good for almost everything! But still there some items that can't be purchased with their help.
In some cases lottery tickets are among these purchases. Many people are simply dreaming about hitting the Power Ball or buying a winning scratch in ticket.
Lottery players often wonder if they can purchase a lottery ticket with a credit card. Can their credit card help them to realize the dream of becoming a millionaire?
In some states like Texas, Wisconsin and Pennsylvania selling tickets on a credit card is prohibited by law.
Some people think that the situation with buying lottery tickets with credit cards is similar to paying with plastics for gambling or in online casinos. People can't control themselves. Some say that lottery players wager more than they can afford to spend.
People who are against paying for lottery tickets with credit cards think that in the century we are living in everyone is happy to get "free" money, that's why playing lottery is becoming an obsession. They say credit card offers are made to help, not to break.
In states like that debit cards can be used to purchase the lotto tickets. The functions of debit cards are very similar to cash or checks, that's why sometimes they are accepted by retailers for lottery tickets purchases. You can't spend more than you have with a debit card!
But taking into account that debit cards and credit cards look very much alike, some retailer do not accept plastics of any kind to avoid all possible problems.
In some states purchasing lottery tickets with credit cards is allowed. There retailers have to pay interchange fees for tickets purchased with credit cards.
Some credit card companies like Visa and MasterCard also charge processing fees for this kind of purchases.
Even if in your state it is legal to buy a lottery ticket with a credit card and even if you have the best credit card that doesn't mean the problems will never arise.
In 2005 there was an unbelievable situation that took place in White City, Oregon. Christina Goodenow bought a winning lottery ticket with a stolen credit card. This credit card belonged to her ex- boyfriend's mother, who was dead for more than two years at that time.
Ms. Goodenow won a million dollars, but was sentenced to jail for one month for using the credit card that didn't belong to her.
Now she claims that the wining ticket was purchased with cash.
So, in some states credit card deals can help you to win a fortune, but you have to be very careful! Buying lottery tickets with your credit card, remember to use it wisely. With a help of your credit card not only you can win million dollars, but also you can loose them!
Stephany
08:03 AM, October 04, 2007
I think it must be banned to buy lottery tickets with a credit card. Credit cards encourage us to spend more money and lottery obsessed people can't control themselves. Credit cards must make our life easier but don't ruin it.
ARTICLES about Credit Cards | >> View all Articles
American Express Travel
October 24, 2008
American Express continues to please its loyal customers with exclusive card offers for frequent travel rewards. Its latest product, co-branded with Delta Airlines, comes with a catchy "Delta Reserve Credit Card" name and aims at wealthy and creditworthy customers looking for incomparable travel experience. It cannot be referred to as a cheapest deal among the rewards type, but the price for the outstanding benefits and additional programs is more than acceptable.
The $450 annual fee and a competitive APR on purchases and balance transfers are charged for the exclusive access to the 24-hour Concierge Service, SkyMiles account rewards program and extended credit line. If you think you can find something better online, take a minute to read further and ascertain that American Express has not been overtopped.
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Pre Approved Credit
October 07, 2008
If you hold a valid FICO score with at least one national credit reporting agency, you are very likely to receive a pre approved bank card offer in the mail. But among the 3% of recipients completing and returning the application, only some 1.5% if not less actually get approved. Why is that and what are you required of to qualify for that enticing card offer sent by a major bank?
Most people think if they've been pre approved, there will be no hassle going through the formality of the application process. Now they don't have to spend hours searching and comparing products online to find the only right variant. Hardly anyone knows how the bank chooses a potential customer and what eligibility requirements it will use to finally approve or reject your application.
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Credit Cards at College
September 26, 2008
Though a standard unsecured student credit card is available to high schoolers nowadays, it is at college that young people make their first financial decision independently from parents. The first responsibility comes with the need to choose the right plastic from a great spectrum of equally attractive offers.
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