There are many different and secure options to deposit funds into your sports betting account. One deposit option you have is to use a credit card. Most online sportsbooks in the US accept Visa and Mastercard. However, there are some states where regulators have banned credit cards as a payment method.
This review will give you a step-by-step guide to depositing with a credit card, as well as other safe, reliable, and quick deposit methods at your disposal.
Top Credit Card Betting Sportsbooks
Almost every legal online sportsbook accepts major credit cards as a deposit method. However, based on state regulations, this option may not always be available to you. States like Tennessee have banned credit cards as a payment method for online sports betting as an enhanced Responsible Gaming tool.
If you are in a state that doesn’t allow credit card deposits, you have many other secure deposit methods at your fingertips, like PayPal, Venmo, ACH bank transfer, and Play+ cards.
Feel free to explore the best PayPal betting sites and the best Venmo betting sites for more information.
Since almost every operator accepts major credit cards, simply choosing the best betting sites want to use is all you need to do to find the best credit card betting site.
1. Caesars Sportsbook
The Caesars Sportsbook app is one of the top betting apps in the US. It offers a large range of markets and some of the fairest odds in the business. It’s also known for its app speed, with a smooth interface and rarely any glitches. As you bet on the app, you can earn Caesars Rewards, which can be redeemed at Caesars properties for discounted or free rooms, meals, and shows. While their customer service team could be easier to connect with, it’s still one of the best apps to wager on.
2. BetMGM Sportsbook
BetMGM also ranks high as one of the top betting apps in the US. It offers all of the major sports for wagering. There are bonus bets for new users using a sports betting promo code. And there are a plethora of live betting markets to choose from, especially when it comes to betting on golf. While the app’s speed lags a little bit more than its competitors, the ability to earn MGM Rewards while wagering, frequent bonus bet opportunities, and market variety help make up for that.
3. Bet365 Sportsbook
Bet365 Sportsbook has made a huge name for itself overseas, and now the app is expanding quickly in the US. One of the best features of Bet365 is its offering of niche sports betting markets. You can easily find snooker and cricket on the front page of this app. Its best feature can also be a slight downfall. Bet365 prominently offers markets most major US sportsbooks don’t, but it also means finding popular US sports on the platform can take a little more time than you’re used to. Nothing a few extra seconds can’t resolve. The app also frequently offers early payouts to customers whose team earns a considerable lead early on in a sporting event, which is a fun promotion.
4. BetRivers Sportsbook
One of the best features of BetRivers Sportsbook is how easy it is to access customer support on the app. The support icon on the home page means users are just seconds away from contacting an agent for help if they need it. The app’s welcome offer is great for new users not looking to wager large sums of cash right out of the gate. While its iRush Rewards program isn’t integrated into a suite of hotels and resorts like BetMGM and Caesars, users still have the chance to earn great prizes and experiences through wagering.
5. FanDuel Sportsbook
FanDuel created a big name for itself in the daily fantasy sports space before launching its sports betting business, making it one of the most recognized brands out there. The app boasts a huge range of betting markets and a super fast interface for customers to quickly get wagers in.
6. DraftKings Sportsbook
Like FanDuel, DraftKings also started in the fantasy sports industry before launching its sports betting platform. It is one of the market leaders in the industry and a safe credit card betting site.
Details About Using Credit Cards On Sports Betting Apps
While most legal online sportsbooks accept credit cards as a payment method, there are some restrictions you should know about before choosing this method. The credit card you decide to use matters.
Visa and Mastercard are the credit cards most commonly accepted at online sportsbooks. If you have American Express or Discover, you may need to choose a different deposit method, depending on your sportsbook of choice.
For customers with only American Express or Discover, it will be easier to deposit on a legal online sportsbook using PayPal or a Play+ prepaid card, which are both widely accepted for online sports betting. Here are the best PayPal betting sites in the US.
Other options to fund your account include using Venmo. Here are the best Venmo betting sites in the country.
Another factor to keep in mind is state regulations. Some states have banned the use of credit cards for online sports betting in order to increase responsible gaming protocols. For example, you cannot use credit cards for online wagering in Tennessee.
Sportsbooks That Accept Credit Cards
Below are a list of the top online sportsbooks and which credit cards they accept as a deposit method. The below sportsbooks allow sports betting deposits with credit cards and debit cards from the following brands:
- BetMGM: Visa, Mastercard, Discover, American Express
- Caesars: Visa, Mastercard, Discover
- FanDuel: Visa and Mastercard
- Bet365: Visa and Mastercard
- BetRivers: Visa, Mastercard, Discover
- PointsBet: Visa and Mastercard
- DraftKings: Visa, Mastercard, Discover
States That Prohibit Credit Cards For Sports Betting
As mentioned before, some states have prohibited credit cards for the use of online sports betting in order to boost responsible gaming efforts. Below is a list of states that ban credit card use in their sports betting regulations.
- New Hampshire
- Rhode Island
It is important to note that the restrictions on credit card deposits will impact you if you cross state lines. For example, if you deposit $100 into your DraftKings account in Illinois with a credit card but then travel to Tennessee and open the DraftKings app, you will not be able to wager with that $100 until you are in a state that allows credit card deposits.
You will receive a popup in the cashier that indicates there is $100 in your account, but it is not cleared for wagering because it was deposited with a credit card. Once you are back in a state that allows credit card deposits, you will be able to wager with those funds in your account.
Potenital Problems Using Credit Cards As A Deposit Method
- Higher Decline Rates: Although online sports betting is legal in many states and most regulated sportsbooks accept credit cards, there is a higher decline rate with these transactions. Even if you have more than enough available credit to make your desired deposit, your bank’s anti-gambling policy could result in the transaction being declined, which can be a frustrating experience for the user. This is why many online sports bettors prefer PayPal, bank transfer, or Play+ to using credit cards.
- Time Consuming: Transferring money from your credit card to your online sports betting account is sometimes slower than other methods because you have to input your credit card details for each transaction. You cannot simply approve the deposit with a single confirmation on your payment app like with PayPal or Venmo.
- Interest Rates: Any credit card deposit for online sports betting becomes subject to your credit card’s interest rates on the next billing cycle. Credit cards typically carry high interest rates, so any deposit not paid in full on the next billing cycle will have that high interest rate applied to it.
- Fees: While online sports betting platforms do not charge a fee for using your credit card to deposit funds, your bank might. You should also check with your bank to ensure they don’t treat a credit card deposit as a cash advance. If they do, you will likely be charged a fee from your bank for that transaction.
How To Deposit Online Using A Credit Card
- Log In To Your Sports Betting Account
To make a sports betting deposit using a credit card, log in to your betting account and choose the cashier in the upper right hand corner. This will take you to your current account balance and allow you to add a payment method and deposit funds.
- Choose A Deposit Method
Once you are in the cashier, it will list all of the available deposit methods you can use to fund your sports betting account, including PayPal, ACH bank transfer, and credit cards. Choose the credit card option. Read the disclaimers carefully! The sportsbook will warn you thay your bank may charge you a cash advance fee for using this option. It also will warn you that your transaction may be declined by your bank.
- Add Credit Card Information
Once you choose credit card as your deposit option, you will need to add your credit card details into the sports betting cashier, including your name, credit card number, expiration date, and security code. Some sportsbooks may ask you to upload a photo of your credit card as well as your ID.
- Complete The Deposit and Wager
After you’ve added in your credit card details and the deposit amount, you are ready to wager on sports betting odds. Please not that there is a chance your credit card will deny this transaction and you will have to choose another deposit method.
Ways you can bet with a credit card
For the sportsbooks listed above that do allow you to bet with a credit card, you will be allowed to bet on everything on the sites menu. This includes prop bets like “Will Patrick Mahomes threw for more than 300 yards?” or “Will Aaron Judge hit a home run?”
Credit card betting FAQs
Your credit card deposit was likely declined because your bank has an anti-gambling policy and blocked the deposit.
If your credit card deposit gets declined, first you’ll want to contact the sportsbook’s customer service line to ensure it’s not an issue with the operator. The operator will likely confirm that your bank is declining the deposit. After contacting customer service, you may want to choose a different deposit method with a higher chance of approval, like PayPal or bank transfer. If you don’t want to use a different method, the last option is to contact your bank to see why they are blocking the transaction.
Online sportsbooks do not charge fees for using a credit card, but your bank might. Some banks consider credit card deposits a cash advance, which comes with a range of fees that vary by bank.
Using a credit card to wager online is legal in all regulated, live sports betting jurisdictions besides Iowa, Massachusetts, New Hampshire, Rhode Island, and Tennessee.
Some online sportsbooks will allow you to withdraw funds back to your credit card, but the withdrawal cannot exceed the original deposit amount. If it does, the remainder of the balance will have to be sent via bank transfer, e-check, PayPal or a different approved method.
If approved by your bank, most credit card deposits will be in your account almost immediately after the transaction goes through.
Withdrawal times for credit cards vary by sportsbook. Some online betting apps allow you to select an expedited withdrawal options for approved debit cards, but this isn’t available everywhere.
The most commonly accepted credit cards are Visa and Mastercard. While some sportsbooks accept American Express and Discover, most do not.