Charge for using Nationwide credit card in Las Vegas

Scots_Girl

... or anywhere else that Nationwide recognises as allowing gambling?

Nationwide are amending their credit card rules from 17 October.

The new terms and conditions state that gambling transactions will be treated as cash advances, and that transactions recognised as made where gambling is carried out will be treated as gambling whether or not the transaction is for gambling purposes.

So, if Nationwide recognise the name of a hotel in Las Vegas as one that has a casino, they could treat payments for rooms, meals, and other purchases as a cash advance - with both charges and interest being payable as a result. :eek:

The charge is going to be 2.5% of the cash advance (minimum £2.50), so once you add on the interest its going to be cheaper to use a card with a 2.75% overseas loading on purchases - unless of course the other cards start using the same definition and treat the purchase as an overseas cash advance!!!

M4RKM

i really think that online gambling is what this is for...

if you pay for a hotel, it is a hotel purchase. I don't think you can buy chips with a credit card TBH

dzug

Scots_Girl wrote: »

... or anywhere else that Nationwide recognises as allowing gambling?

Nationwide are amending their credit card rules from 17 October.

The new terms and conditions state that gambling transactions will be treated as cash advances, and that transactions recognised as made where gambling is carried out will be treated as gambling whether or not the transaction is for gambling purposes.

So, if Nationwide recognise the name of a hotel in Las Vegas as one that has a casino, they could treat payments for rooms, meals, and other purchases as a cash advance - with both charges and interest being payable as a result. :eek:

The charge is going to be 2.5% of the cash advance (minimum £2.50), so once you add on the interest its going to be cheaper to use a card with a 2.75% overseas loading on purchases - unless of course the other cards start using the same definition and treat the purchase as an overseas cash advance!!!

I believe most of the other cards, if not all, have used the definition Nationwide are changing to for some time. It's been an oversight by Nationwide not to. There are legal reasons in the UK to make it if not mandatory, highly desirable from NW's point of view.

Whether cards make the charge or not depends on the merchant category code programmed into the EPOS. Different machines at the same outlet can have different category codes - so the casino part of the hotel COULD be treated differently from the rooms part. It won't be the name of the hotel that sparks the charge, but what the EPOS your card goes through is categorised as. (What ACTUALLY happens in las Vegas I've no idea)

To give an example nearer home, one of my cards gives 1% off fuel - which is implemented as 1% off any purchase in a petrol station. So if I buy groceries with my petrol in Morrisons petrol station, I get 1% off the whole bill. If I buy them in the supermarket on the same site, I don't.

rbulph

dzug wrote: »

There are legal reasons in the UK to make it if not mandatory, highly desirable from NW's point of view.

What are the legal reasons you refer to? I understood that gambling debts were unenforceable, but didn't the government legislate to change that?