As part of their customer service, many land-based casinos offer credit privileges or cash advances to the players. While casinos offer cash advances in a bid to increase customer loyalty, the players also benefit, especially, when they do not carry extra cash. Typically, the credit facility involves a credit marker, enabling players to withdraw money for poker or other games in the casino.
Overview of cash advances in land-based casinos
Customer loyalty is very important for not just land-based casinos, but also for online or live casinos. Online casinos offer loyalty rewards and additional bonuses in the form of a deposit bonus, welcome packs, free spins, etc. The brick and mortar casinos, on the other hand, offer cash advances to the players.
Most of the casinos offer cash advances to not only retain the existing players but to also attract new customers. In fact, certain casinos in Las Vegas have also enabled the players to use the cash advance facility even when the players do not have sufficient balance in their bank accounts.
Cash advances at a casino
Let’s consider the casinos in LA. Whenever a player runs out of cash to gamble in the casino, they can make use of the casino ATM for cash advances. All they need to do is, acquire a “slip” from the ATM by making use of either their credit or debit card. When the players show this “slip” to the cage cashier, they either receive a cash advance, or equivalent casino chips, which they can use for poker or other games in the casino.
Casino debit and credit card cash advance
Your credit or debit card is the key to obtain the “slip” from the casino’s ATM. In instances when players do not carry sufficient cash or do not have the required bank balance, they can make use of their credit cards. Nevertheless, the cash advance fee and the rate of interest are quite hefty when you use credit cards.
How does cash advance work?
A cash advance is a short-term loan you may acquire using your credit card. In other words, you borrow money against your credit card’s credit line, which you need to pay within the specified timeframe. The fee involved is also hefty along with heavy interest rates, which varies from one bank to another.
Cash advances offer by Las Vegas casino
The less expensive alternative to credit card cash advance involves setting up a line of credit or check-cashing privilege at the Las Vegas casinos. Another alternative is a money transfer from your bank, which requires you to have the required balance in your bank account. Please note, the money transfer fee and casino charges still apply.
Surprisingly, players prefer to frequent casinos that have a cash advance facility. It is for this reason, most of the casinos in Las Vegas not only have ATMs, but they make sure to upgrade them for seamless cash advance services.
In a bid to retain existing customers and to attract new players, casinos offer cash advance against the player’s credit or debit card. In fact, players prefer to visit casinos with a cash advance facility as they may not always carry additional cash.