Is this allowed?

Russe11

Or just do the more obvious thing of spending on the CC and clearing the overdraft with the money you would of otherwise used.

silo24

Could this not also be used as a form of Money laundering?

Surprised they allow it....but I suppose if both cards are registered to the same address it could work.

kriss_boy

Most bookies also force you to withdraw your money onto the card you deposited it. So its unlikely you'll get the money put back into your current account.

Plus as people have already said, I also do not know a single bookie that isnt considered as a cash advance by CC companies.

loony2012

kriss_boy wrote: »

Most bookies also force you to withdraw your money onto the card you deposited it. So its unlikely you'll get the money put back into your current account.

Plus as people have already said, I also do not know a single bookie that isnt considered as a cash advance by CC companies.

Gosh so the bookies keep your money when card is out of date and not able to be used? No exactly. I have put money in and took out on different.
But it was considered a Cash advance as you say

Reesy1981

make the deposit to ladbrokes, stick it all on black, and then pay off card and od with youre winnings! just pray that the ball doesnt land on red or green!