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Credit Card Options For Online Gambling in Canada
Visa and MasterCard often require a two-step verification process for online payments, which adds an additional level of security. Also for security purposes, you may be redirected to your credit cards’ website to process the transaction there. And, in the unlikely event that some cyber criminal is able to crack you credit cards, your Visa or MasterCard insurance should ensure that you don’t suffer any long-term losses.
CA Credit Card Gambling Online
Most Canadian online casinos these days allow you to make deposits and withdrawals via a range of different channels, including EFT, third-party transfers, and good old-fashioned credit cards.
There are numerous benefits associated with each of the different options – which is why the casinos provide them – but here we focus on the perks of credit card casino payments and withdrawals as well as how to make them.
For one thing, there’s a pretty good chance that you already own a credit card. Secondly, credit cards are one of the speediest transaction channels available. You may also be surprised to learn that using Visa or MasterCard credit cards for online payments is actually one of the safer ways to go about it.
The two big names when it comes to credit card gambling, both in Canada and abroad, are Visa and MasterCard. In fact, chances are, if you already have a credit card, it’s either a Visa or a MasterCard.
But many Canadians are understandably wary of entering their credit card details online for fear that their money will be stolen. Fortunately, Visa and MasterCard are up to date with every electronic banking development – both legal and otherwise – and put multiple measures in place to protect you from theft and fraud. Think about it – they have decades of experience in this kind of thing.
And, in the unlikely event that some cyber criminal is able to crack you credit cards, your Visa or MasterCard insurance should ensure that you don’t suffer any long-term losses.
However, it’s still not a good idea to use credit cards – or any other payment method, for that matter – at just any old site. As in all industries, there are some dodgy internet casinos out there.
Use the list of recommended online casinos provided here at GamblingCA.net to find all the best Canadian casinos that accept credit cards and are also 100% legal, with the paperwork to prove it.
Using Your Credit Cards For Online Gambling
Paying and withdrawing funds via credit cards is also one of the simplest ways to transact with online casinos. It’s pretty much the same as doing online shopping – except that there’s a chance that you’ll get your money and a nice welcome gambling bonus and maybe even a whole lot more back later!
Simply select the “cashier” tab, which usually appears at the top of GamblingCA.net-recommended credit card gambling sites, then select “make a deposit” and follow the prompts to make your credit card casino payment.
Visa and MasterCard often require a two-step verification process for online payments, which adds an additional level of security. Also for security purposes, you may be redirected to your credit cards’ website to process the transaction there.
Make it Snappy with Credit Card Casino Payments
Credit card casino payments are one of the speediest options available to you when transacting with an online casino. Payments tend to go through instantly, whilst withdrawals might take a bit longer but are still quicker than with most other methods.
Mastercard Online Gambling Deposits in Canada
Established in 1966, MasterCard is an American multinational charge card cooperative owned by over 25,000 financial institutions. These companies issue all the MasterCard credit cards, allowing people from all over the world to process payments between their own bank and the banks used by consumers, merchants or credit unions. It should come as no surprise that many gambling enthusiasts prefer to fund their online casino, sports betting and poker accounts using MasterCard credit and debit cards.
In our guide to online gambling with MasterCard, we’ll cover:
- The best Canadian sites accepting MasterCard deposits
- The Pros and Cons of using MasterCard for online gambling
- How to deposit at an online casino using MasterCard and how you’ll be billed
- How to withdraw from an online casino using MasterCard
- MasterCard safety and security
- Other deposit methods to consider for online gambling
Best Online Casinos Accepting Mastercard
If you want to gamble online using your MasterCard, you’ll want a safe, secure site that processes MasterCard deposits and withdrawals quickly. Here are our favourite online casinos that accept MasterCard:
Pros and Cons of Using MasterCard for Online Gambling
Like anything else, depositing at an online casino using MasterCard has its pros and its cons. As a general practice, our recommended method of depositing is always Bitcoin, as it’s fast, secure, and comes with larger bonuses.
With that said, MasterCard (and credit cards in general) tend to be the default method for most Canadian-facing online casinos given their popularity and high acceptance rates. It’s worth noting that each online casino has different minimum deposit & withdrawal requirements for each payment method, so as always, we’d recommend reading the fine print.
MasterCard Pros
- Simple to use
- Is a worldwide-known deposit option
- Shouldn’t be any processing fees
- Safe and secure
MasterCard Cons
- MasterCard is not accepted sometimes
- Likely not able to withdraw
- Bonuses are smaller than other deposit methods, such as Bitcoin
How to Deposit at an Online Casino with MasterCard
Choose a Casino that Accepts MasterCard
We’d recommend any of the above casinos to Canadian players looking to deposit with MasterCard, or check out our casino reviews to find additional options. Once you’ve chosen a casino, register your account for free.
Visit the Deposit Page and Select MasterCard
Once you’ve registered your account, visit the casino’s deposit page. The page will vary depending on which casino you’ve chosen, but can usually be found in the main navigation, or on your account page. Once on the deposit page, select MasterCard as your chosen method.
Confirm the Deposit Details
Exactly like shopping online, you’ll be asked to confirm your information – card number, security code, etc. Enter this information and your deposit amount, and your funds will hit your account as soon as the payment is processed, typically within a few moments. Note that MasterCard cardholders are often prompted to enter a unique code (sent via text or email) to confirm their payment.
MasterCard Billing at Online Casinos
Making a MasterCard deposit is very simple and convenient – all you have to do is pick MasterCard in the cashier menu, input the aforementioned credit card details, add your billing address and wait for the money to be credited to your on-site account. In most cases, the transaction will be processed instantly, allowing you to join the action without any unnecessary delays.
This means that while MasterCard payments aren’t exactly on par with e-wallet deposit in terms of speed, they’re significantly faster than the traditional bank wire transfers or Western Union/MoneyGram cash transfers.
The transaction is going to show on your credit card statement, but keep in mind that most poker rooms and casinos use the name of their parent companies to avoid sounding like gambling sites.
How to Withdraw from an Online Casino Using MasterCard
Please note that while MasterCard payments have certain limitations. For example, most sites don’t offer MasterCard withdrawals, which means that you might be forced to cash out using a different banking method. In many cases, this means choosing between a bank wire transfer and check by courier. Both of these withdrawal methods are rather slow and might even end up being somewhat expensive, so you should definitely check all the available banking options before you decide to deposit your hard-earned money via credit card.
However, if you can make withdrawals, here are the typical steps you can expect to encounter when withdrawing from an online casino using a MasterCard card:
Request a Withdrawal
Navigate to the casino’s withdrawal page, choose your amount, and select MasterCard as your intended option.
Confirm Your Information
If you want to withdraw using MasterCard, the online casino will need to confirm your identity, and that you’re the holder of the card in question. They’ll ask you for confirmation, often a piece of mail or a recent statement (with sensitive information redacted.)
Process Withdrawal and Receive Funds
While the exact time frame depends on which casino you’ve signed up with, typically the withdrawal is processed within 1-2 business days, and the funds are received 3-5 business days after that.
To confirm time frames at your online casino of choice, check their withdrawal page, or feel free to reach out to the casino’s customer support team, who can walk you through the process.
Using MasterCard for Online Gambling: Safety and Security
MasterCard payments are one of the few methods available to Canadian gambling enthusiasts, but unfortunately, they aren’t really all that reliable. First of all, your card has to be cleared for international transactions – if you have a domestic-only card, your payment is guaranteed to be refused.
Furthermore, MasterCard credit cards tend to have lower acceptance rate than their Visa counterparts, which means that your transaction is quite likely to be refused even if you’re using a proper type of card. While trying to send money to a gambling site isn’t illegal and doesn’t involve having to cover any fees, there’s simply no denying the fact that multiple failures to complete the transaction can get very frustrating. On a brighter note, if your card doesn’t get refused, odds are high that all the subsequent payments are also going to go through. Consequently, trying to make a MasterCard payment often requires you to assume a trial and error approach.
More Online Gambling Deposit Methods
If you’ve decided that MasterCard isn’t for you, or don’t have a MasterCard, here are some of our other favourite deposit methods:
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Canada’s best credit cards 2021
Find credit cards that offer you more cash back and more rewards, based on the way you spend.
Finding the right credit card could save you hundreds, if not thousands, of dollars a year. Whether you’re looking for lower fees, more rewards or simply valuable perks like travel medical insurance or rental car savings, every dollar counts. If you use your credit card wisely, pay off your balance monthly and find the right rewards program for you, and you are sure to come out ahead. There’s a slew of credit card options out there, and it can be challenging to find the best deal—but this list of best credit cards in Canada is here to help. We’ve highlighted the best in 13 different categories so that you can zero in on the ones that fit your spending habits, and offer features you truly value. Remember, this “best credit cards” ranking is the starting point; the final decision is yours to make.
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The best credit cards in Canada 2021
‡ On the first $500 spent per month
Best rewards cards for everyday spending
American Express Cobalt Card*
The points you earn can be redeemed for travel at a rate of 1,000 points for $10 for any flight on any airline with no blackout dates, or they can be used toward the American Express Fixed Points Travel Program, which lets you unlock even better value on round-trip flights. If you prefer to use your rewards for accommodations, you can transfer your points to one of the American Express Hotel partners, including Marriott Bonvoy.
- Annual fee: $120 ($10 monthly)
- Earn rate: 5 points per $1 spent on dining out and groceries; 2 points per $1 spent on travel; 1 point per $1 spent on all other purchases
- Welcome offer: Up to 30,000 points a year, plus earn $15,000 when you spend $3,000 on the card in your first 3 months (if you apply before May 5, 2021)
- Income requirement: $12,000
- Additional benefits: Travel insurance; American Express Invites
Also consider: Scotiabank Gold American Express*
The Scotiabank Gold American Express has been a longtime favourite for Canadians, especially those who travel. The first thing you’ll notice about this card is the Scotia Rewards earn rate is a very healthy 5 points per $1 on groceries, dining and entertainment. Gas gets 3 points per $1, as do spends in two other categories: Public transit and eligible streaming services. All other purchases earn you 1 point per $1 spent. Since 5,000 Scotia Rewards points works out to $50 in travel, the up-to-40,000-point welcome bonus is worth up to $400 in rewards and it gives you a big head-start on saving for your next big trip. This card also doesn’t charge a foreign transaction fee—it’s one of the very few Canadian cards to offer this perk. Consider it a 2.5% bonus (the amount usually charged) on all foreign currency transactions, including online purchases.
Best cash back cards
For flat rate: American Express SimplyCash Preferred*
- Annual fee: $99
- Welcome offer: 10% cash back for the first 4 months (up to $400 cash back)
- Earn rate: 2% cash back on everything you buy
Income requirement: None specified - Additional benefits: Travel insurance; car rental theft and damage coverage; American Express Invites program for shows, shopping sales and dining perks
For bonus categories: CIBC Dividend Visa Infinite
On top of its standard 1% earn rate, the CIBC Dividend Visa Infinite card earns accelerated cash back rates in a diverse range of five common spending categories. It earns 4% cash back on both groceries and gas (no other cash back card earns more in those two essential categories), and you can earn twice the cash back on dining (including deliveries), daily transit (includes transit passes to rideshares like Uber), and 2% on recurring bills (think smartphone and cable bills). And it’s a standout compared to other cash back cards, as you can redeem whenever you like, as opposed to just once a year. Cash back redemption is done in increments of $25.
- Annual fee: $120 (rebated for first year)
- Welcome bonus: 10% cash back for all purchases for first four statement periods (or first $2,000 in purchases)
- Earn rate: 4% cash back on groceries and groceries; 2% on gas, recurring bills, and daily transit; 1% on everything else
- Income requirement : $60,000 or $100 as a household
- Additional benefits: Mobile device insurance; emergency travel insurance; concierge service; Visa Infinite Dining and Wine Country program
Best Visa travel points cards
For flat rate: TD First Class Travel Visa Infinite Card*
Some people want to earn points when they travel, as well as on an ongoing basis. If this sounds like you, then the TD First Class Travel Visa Infinite Card is our top choice. You can rack up TD Rewards points throughout the year and then easily make a redemption through Expedia for TD. With this card, you’ll get 3 points per $1 spent on all your everyday purchases and 9 points per $1 spent when you make online purchases through Expedia for TD. That means you’re earning a 1.5% and 4.5% return respectively in travel points. Expedia For TD is just like the regular Expedia platform, so you’ll have no problem finding ways to redeem your points.
With the annual fee of $120 rebated for the first year and a welcome bonus of up to 60,000 points—which has a travel value of up to $300—this is one of the best travel credit card offers available right now.
- Annual fee: $120 (rebated first year)
- Welcome offer: Earn up to 60,000 TD Rewards points ($300 travel value) when you spend at least $1,500 within the first 90 days. Ends May 30, 2021.
- Earn rate: 9 points per $1 spent on travel online with Expedia for TD; 6 points per $1 spent on travel via phone order with Expedia for TD; 3 points per $1 spent on all other purchases
- Income requirement: $60,000
- Additional benefits: Travel insurance; Priority Pass membership discount; rental car coverage; discounts at Avis and Budget
For dining and transit: BMO Eclipse Visa Infinite Card*
- Annual fee: $120 (first year waived)
- Welcome offer: Up to 40,000 points ($285 travel value). 25,000 bonus points after you spend $3,000 in the first 3 months plus 15,000 points on your first anniversary
- Earn rate: 5 BMO Rewards points per $1 on food purchases, including groceries, restaurants and delivery, as well as gas and transit purchases including taxis and rideshares; 1 point per $1 on everything else
Income requirement: $60,000 personal or $100,000 household - Additional benefits: Travel insurance; up to $1,000 in new mobile device coverage; Visa Infinite privileges
Best no fee cash back card
Tangerine Money-Back Credit Card*
If you meet the $60,000 annual income requirement, you’ll automatically be considered for the Tangerine World Mastercard, which comes with additional perks such as mobile device and rental car insurance.
- Annual fee: $0
- Welcome offer: New cardholders can transfer balances from higher fee cards, and pay a low rate of 1.95% for six months (subject to a fee of 1% of the value of your balance transfer).
- Earn rate: 2% cash back on up to 3 bonus categories of your choice; 0.5% on all other purchases
- Income requirement: $12,000
- Additional benefits: Purchase assurance and extended warranty
Best no-fee card for travel rewards
MBNA Rewards Platinum Plus Mastercard*
- Annual fee: $0
- Welcome offer: 5,000 bonus MBNA Rewards Points when you sign up for e-statements, plus 5,000 points after you spend $500 with your first 90 days; 4 points per $1 on bonus categories for your first 90 days
- Earn rate: 2 points for every $1 spent on gas, groceries and restaurants (up to $5,000 annual spend); 1 point per $1 spent on all other purchases
- Additional benefits: Purchase assurance and extended warranty
Best Aeroplan card
TD Aeroplan Visa Infinite*
If you tend to fly Air Canada when you can, then the TD Aeroplan Visa Infinite could be the credit card for you. This Visa gives you, and up to eight guests flying on the same itinerary, free checked bags on your Air Canada flights. And when booking, as an Aeroplan credit card holder, you get preferred pricing (using fewer points with Air Canada), too.
Right now, you can take advantage of the welcome bonus of 10,000 Aeroplan points. But that’s not all: Receive an Air Canada Buddy Pass when you charge $1,000 to your card within 90 days of opening your card account. While 10,000 points may not get you a flight anywhere (especially anytime soon), the Buddy Pass balances the welcome offer out with a really good value. As the primary cardholder, when you use your card to book a full-fare round-trip economy ticket within North America on Air Canada, the Buddy Pass gets you a guest ticket on the same itinerary for $0 for the base fare. You just pay the taxes and fees. Since the new Aeroplan considers Hawaii and Mexico part of North America, and there are no blackout dates, you could easily save hundreds of dollars using the Buddy Pass.
We bet you want to know about the newly revamped Aeroplan plan, too: The earn rate for the card is 1.5 Aeroplan points per $1 spent on gas and groceries. And 1 Aeroplan point per $1 spent on all other purchases. This is a respectable earn rate, since groceries and gas are typically what people spend the most of their money on. You also get great travel insurance, mobile device insurance, purchase security, extended warranty and an annual $100 Nexus rebate.
- Annual fee: $139 (waived the first year)
- Welcome bonus: 10,000 Aeroplan points and an Air Canada Buddy Pass
- Earn rate: 1.5 Aeroplan points per $1 spent on gas and groceries, 1 Aeroplan point per $1 spent on everything else
- Our favourite features: Free checked bags and Buddy Pass with Air Canada
- Additional benefits: Travel insurance, mobile device insurance, $100 Nexus rebate
Canadian Banks That Allow Online Gambling
Not all Canadian banks will process deposits directly to international online casinos. While we can’t cover every independent bank and credit union here we can help players understand the ins and outs of casino banking with the ‘big five’ financial institutions in the country and reveal some simple ways to get your money into and your winnings back out of online casinos using any Canadian bank account.
Online gambling has been a provincial or territorial matter since 2009 so there are no laws at the federal level that restrict players from visiting or playing at offshore casinos. None of the provinces or territories have created any laws to prevent citizens from depositing and playing internationally either. However, one of the big banks will only process payments to and from Provincial Lottery Corp casinos – that bank is the Bank of Nova Scotia (Scotiabank).
Due to a U.S. law, the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA) major banks such as Chase, with headquarters in America, are not able to process any gambling funds for international online gambling.
However, the bottom line is that if you want to gamble online, the most effective way is to use an instant banking method instead of using a bank provided credit card. This method will work with any bank you are with and allows you to effectively play at any online casino without having any worry of deposits or withdrawals being declined. Alternatively, using an e-wallet like ecoPayz is also a great alternative but will require you to set up a third party account and isn’t as widely accepted.
Nevertheless, let’s take a look at which of the major Canadian financial institutions allow online gambling transactions and alternative options available to fund your account.
The Banks of Canada
Bank of Nova Scotia (Scotiabank)
Scotiabank will only process transactions to online gambling sites operated by a Crown Corporation such as
For more information on Scotia payment options click here.
Bank of Montreal (BMO)
BMO is happy to process offshore gambling transactions and treats them as “cash-like transactions” the same as
For more information on BMO payment options click here.
Canadian Imperial Bank of Commerce (CIBC)
CIBC reserves the right to not process gambling transactions, as seen in their credit card agreement 3.i which states
Royal Bank of Canada (RBC)
For more information on RBC payment options click here.
Toronto-Dominion Bank (TD Bank)
TD Bank has been blocking many credit card deposits at online casinos since 2013 but still allows several other methods of funding. We’ll look at ways to fund your online casino account using this and other major Canadian banks in the following section;
For more information on TD Bank payment options click here.
Other Ways to Fund Casinos with a Bank Account
So we can see that the fact only Scotiabank expressly prohibits the use of their Visa gift cards at any online casino not owned or operated by Provincial or Territorial agencies (.PDF), does not mean that you will always be able to deposit directly from your bank account with a Visa or MasterCard if you bank with one of the other major institutions. TD Bank, RBC, and others occasionally reject credit or debit card deposits or withdrawals.
One of the most direct methods of funding your casino account from a Canadian bank is to use an eCheck/ACH facility. With this method you would enter information found on one of your paper checks and the funds will be deposited immediately.
In order to deposit or withdraw bank funds consistently an intermediary account or eWallet is the usually the best bet. All commonly used methods are listed as follows:
Instant Banking
- Interac
- Instadebit
- iDebit
- Bank Wires
Electronic Wallets
Prepaid Cards
Instant Banking
Interac e-Transfers
If you already shop online you are probably familiar with using Interac to make purchases. The highly secure funds-transfer method also works for casino deposits and withdrawals and many find it to be the preferred method for online gambling.
Most Canadian online casinos recognize that many customers prefer to use Interac as sensitive financial information is not revealed in the process. It’s growth in popularity is making many online casinos recognize it as a must have payment option.
Instadebit
Much like Interac, Instadebit is another instant payment method used to transfer funds from your bank account to a casino or other online merchant. You can also cash out your winnings via Instadebit.
Since the facility works as an intermediary, your bank will not know that you are transacting with an online casino, so even Scotiabank and small credit union customers can use this method at any online casino that offers it.
iDebit
Offers instant deposits as well as withdrawals from any Canadian bank account. Players don’t need a credit card to use these services and your bank will not be aware of your transaction partner. Your funds remain at your financial institution until you transfer them. Deposits are transacted instantly but withdrawals may take a few days to process.
UseMyBank
While most players around the world can only use this method for deposits, Canadians who are approved for Pre-Authorized Debits (PAD) can also use it to withdraw funds from an online casino.
If you see the UseMyBank logo in the casino’s banking section, simply click, enter your banking information, and deposit. The funds will be available instantly and there are no user fees.
Bank Wires
This is rarely an attractive option for Canadian players to deposit with. Banks may refuse the transaction which can take over a week to be processed. If you have deposited with a pre-paid card or another method that does not allow withdrawals back to it, direct bank transfer is a way to collect your winnings securely.
Electronic Wallets
E-wallets are a popular alternative to instant banking because transactions to and from a casino are processed extremely fast. However, the biggest difference is that it requires you to set up a 3rd party account and transactions made to get your money out will often incur fees. Neteller used to be a very popular e-wallet used to fund your account, however, it is no longer available for Canadians to use at online casinos but there is EcoPayz, MuchBetter, Webmoney and Jeton which are great alternatives.
These wallets must first be funded, so they are more like a PayPal account that you need to keep topped off. Once your account has money in it, you can use those funds to deposit. Casinos will also payout to wallets, and these payments can be instant. You will then need to transfer the money again in order to spend it anywhere that does not accept eWallet transactions.
Prepaid Cards
Another alternative is to use a prepaid card, for example, you could buy a Vanilla Prepaid card from any 7-11. You can use these type of cards to deposit funds at any casino, however, be aware that you won’t be able to withdraw back into it. In this case, you would only be able to withdraw any winnings by requesting for a cheque to be sent to your address.
Conclusion
Some banks allow online gambling transactions and some don’t. But the most effective way of all is to simply use any of the instant banking options instead (we recommend interac), since it will work in conjunction with any bank and avoids any possible hassle of a transaction being declined. Alternatively, you could use an E-wallet, however they aren’t as widely accepted and will often charge fees when you choose to transfer or withdraw funds. A prepaid card is also another alternative, however, withdrawals will have to be sent via cheque.
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If waiting stresses you out, consider one of these credit card options. In some cases, you can be approved on the spot and even start purchasing with your card right away.
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The approval process for a new credit card can feel punishing, especially if you have to wait several days for confirmation before your personal card is printed and mailed to your home. Luckily, many credit cards now have instant approval, making the application process much quicker and much less stressful. After filling out an application with details on your personal background, the card provider’s website runs its checks and lets you know if your application has been approved or rejected within minutes.
If you’re approved with the information you’ve provided, your application is expedited for credit checks, card printing and mailing. And you can expect to receive a welcome package containing your card in five to seven business days.
As a safeguard against fraud, at times an application may go under manual review, in which case the file gets forwarded for verification, sometimes taking an additional two to three business days before a final decision is made.
As banking processes become increasingly digital, more credit card applications are moving online, and more issuers are offering cards with applications that can be quickly approved. And here are the best instant approval credit cards you can apply for right now.
Best instant approval credit cards in Canada:
- Canadian Tire Triangle Mastercard — Use instantly after approval
- PC Financial Mastercard — Best no fee rewards card
- American Express Cobalt — Best overall rewards credit card
- American Express SimplyCash Preferred; CIBC Dividend Visa Infinite — Best cash back cards
- BMO Preferred Rate Mastercard — Best low-interest credit card
- Refresh Financial Secured Visa — Approval with no credit check required
- Capital One Low Rate Guaranteed Mastercard — Guaranteed approval
What is an instant approval credit card?
Instant approval credit cards are cards with an expedited approval process through a streamlined—practically instant—application and approval process that will help save you time and stress. Rather than applying and waiting for the final decision to come through, the issuer will let you know immediately whether you’ve been approved or if there needs to be a manual review.
Canadian Tire’s Triangle Mastercard allows newly approved cardholders to make purchases on their card via Apple Pay or Google Pay before they receive their physical credit card in the mail.
What do you need to get instantly approved for a credit card?
- You must be a permanent resident or Canadian citizen (although some cards offer a longer application if you’re not a permanent resident of Canada)
- You must be the age of majority (18 or 19 and older, depending on the province you reside in)
- You must not have a history of bankruptcy, if you’re applying for an unsecured credit card (that’s most rewards and low interest credit card options)
- A good credit score will increase your chances of being approved, whether you are applying for a secured or unsecured card
Instant approval applications require accurate information to match any previous background information they may already have on file (if you have another card from the same provider or bank with the institution already), social insurance number, employment and income information, and other optional information. The more information you provide, the more effectively the instant approval process can verify if you’re indeed who you are and assess your application on the spot.
If you’re approved instantly, the system will expedite your application for proper credit checks, though you may still be contacted for further confirmation of other details. Shortly after, your card will be printed and mailed to the address you’ve indicated. All cards will require a credit check or score pull, with the exception of applications where you already have an established history with the institution, or when the credit card you’ve applied for is secured, meaning you would have provided a security deposit.
Best instant approval credit cards in Canada
Instant approval is available through a growing range of credit card providers, in a number of different categories. We’ve rounded up the best to help you choose the right instant approval credit card for your needs.
Card you can use instantly after approval
Canadian Tire Triangle Mastercard*
- Annual fee: $0
- Rewards at partner locations: 4% in Canadian Tire Money on purchases at Canadian Tire and partner stores and $0.05 back at Gas+ and participating Husky stations
- Rewards on everything else: 1.5% on the first $12,000 spent on groceries per calendar year (excluding Costco and Walmart); 0.5% on everything else
- Income requirement: None
- Additional benefits: Personalized offers and exclusive bonuses; member-only events; extended warranty
- Purchase interest rate: 19.99%
Best no fee rewards card
PC Financial Mastercard*
PC Financial offers one of the strongest no-fee rewards credit cards for everyday essentials. Given the wide range of stores under the President’s Choice/Loblaw Inc. umbrella—including Loblaws, No Frills, Fortinos, Real Canadian Superstore, Shoppers Drug Mart and Joe Fresh—this Mastercard is great for frequent shoppers favouring premium earn rates from grocery and pharmacy, as well as gas fill-ups at Esso and Mobil stations. You can earn at least 25 points per $1 at Shoppers Drug Mart, 30 points per $10 at Esso and Mobil gas stations, and 10 PC Optimum points per $1 everywhere else. And redeeming points is dead simple: 10,000 points for a $10 store credit (equivalent 10 points for 1% in rewards) at PC-affiliated stores. Enriched by the PC Optimum program, you can take advantage of weekly points offers to earn more.
Within minutes of submitting your application online, you should receive an approval decision. And, as it’s a store card, eligibility is often more lenient than traditional bank credit cards. PC Financial also reviews your income as consideration for the PC Financial World Mastercard ($60,000 personal or $100,000 household) and World Elite Mastercard ($80,000 personal or $150,000 household) credit cards. (Each gives bonus points for everyday purchases at PC affiliated retailers.)
- Annual fee: $0
- Earn rates: At least 25 points per $1 at Shoppers Drug Mart; 30 points per $1 at Esso and Mobil gas stations; and 10 points per $1 everywhere else
- Income requirement: None
- Additional benefits: Works with PC Optimum program’s weekly offers; fraud detection with data encryption; proactive monitoring
- Purchase interest rate: 20.97%
Best rewards credit card
American Express Cobalt Card*
Points are collected under American Express’s Membership Rewards Select program, so you cannot transfer points to Aeroplan or partner airline programs like you can with other Amex cards, but you may redeem for travel directly on the American Express Travel portal under Fixed and Flexible points redemption schedules. Additionally, you may transfer points to select hotel programs like Marriott Bonvoy or Hilton Honors, or even redeem points for cash back on your statement.
Best cash back credit card
American Express SimplyCash Preferred*
At a below-average annual fee of $99, this American Express card offers an edge over Visa or Mastercard cards in the similar rank as it has no specific income requirements. (Competitor cards often require a minimum annual income requirement of $60,000 or $80,000.) There’s no earn or redemption chart to figure out, as you are automatically redeemed 2% cash back annually (on your September statement).
Finally, there’s a generous 10% cash back for your first three months of card membership (up to $400), and it’s free to add additional authorized cardholders. If you shop at retailers that primarily accept American Express cards, this is a worthwhile contender.
- Annual fee: $99
- Welcome bonus: 10% cash back for the first three months, up to $400 cash back
- Earn rates: 2% on everything, redeemed as cash back annually on September statements
- Income requirement: None
- Additional benefits: American Express Front of the Line access; car rental theft and damage insurance; comprehensive travel insurance benefits
- Purchase interest rate: 19.99%
Also consider: CIBC Dividend Visa Infinite
- Annual fee: $120
- Welcome bonus: first year annual fee rebated; 10% cash back for all purchases up to $2,000 in the first 4 months
- Earn rate: 4% back on groceries and gas; 2% back on dining, recurring bills and daily transit; 1% on all other purchases
- Additional perks: Emergency medical and accident coverage; car rental collision and damage coverage; mobile device insurance; purchase security and mobile device insurance
- Income required: $60,000 or $100,000 as a household
Best low interest credit card
BMO Preferred Rate Mastercard*
For those looking to minimize debt, this $20-a-year Preferred Rate Mastercard from Bank of Montreal is our pick for the best low interest credit card. The annual fee is refunded in the first year, and a lower-than-average interest rate of 12.99% on purchases means you can minimize interest on balances and new purchases. Plus, get a 3.99% introductory interest rate on balance transfers for nine months (note that you’ll be charged a 1% fee on the amount you transfer to the new card).
- Annual fee: $20 (refunded in the first year)
- Interest rate: 12.99% for purchases and cash advances
- Welcome offer: 3.99% introductory interest rate on balance transfers for 9 months with a 1% transfer fee
- Additional perks: Purchase protection and extended warranty
- Income required: None specified
Approval with no credit check card
Refresh Secured Visa*
- Annual fee: $12.95, plus a monthly maintenance fee of $3
- Interest rate: 17.99%
- Additional perks: Earn $100 cash each time you refer a friend or family member, with no limits on number of referrals
- Income required: None specified
Guaranteed approval card
Capital One Low Rate Guaranteed Mastercard
- Annual fee: $79
- Interest rate: 14.9% on purchases and balance transfers
- Additional perks: Price protection service; purchase assurance; extended warranty; common carrier travel accident insurance; car rental collision/loss damage waiver; baggage delay and travel assistance
- Income required: None specified
The difference between instant approval and guaranteed approval
Applying online has made credit card approvals more immediate, but that doesn’t mean an approval is guaranteed. Cards with “instant approval” often have defined eligibility requirements. Instant approval means your application is adjudicated upon in minutes through the institution’s algorithmic technology and defined parameters. For example, Visa Infinite cards typically have a minimum income requirement of $60,000. Failing to meet that will result in a quick denial. Comparatively, “guaranteed approval” is a subset of credit card types also known as “secured” credit cards. These cards work well for those looking to build up a low credit score , whether that’s because they don’t have one or are repairing a bad credit history.
To obtain a secured credit card, you make a deposit to secure the limit on the card, which is why it’s called “secured.” This is done in case you default on payments. Unsecured cards, on the other hand, are approved on the merit of a wide combination of factors, including but not limited to credit score, a relationship with the financial institution and payment history. And that is why guaranteed approvals are typically easy to be approved for and are associated with secured credit cards.
Tips for applying for an instant approval credit card
If you’re applying for an instant approval credit card, the below tips can increase your chances of success:
- Know your credit score: Depending on the card you’re applying for, where your credit score sits will help determine if you get instantly approved. If you have a fair credit score (600 to 649), along with other factors like payment history and relationship with the issuer, consider retail and store credit cards . For scores 650 and up, look into applying for a reward-based card , like a cash back credit card . If your score is 700 and higher, you have options for more premium cards like Visa Platinum/Infinite or Mastercard World/World Elite cards. However, if your score is below 600, you should consider a secured card with a deposit requirement.
- Strategize your card applications: Each time you apply for a card, the issuer may perform a hard credit pull, which can temporarily and negatively impact your score. These reviews determine your credit history and eligibility, but too many applications at once are flagged as “risky.” Space out your applications for a more favourable credit score and history.
- Review the card’s minimum income requirements before applying: Income requirements are often set by the credit card networks (think Visa and Mastercard ). For example, Visa Infinite cards require a minimum annual income of $60,000, while the Visa Infinite Privilege requires a minimum of $150,000 for an individual or $200,000 for a household. Failure to meet the income requirements will result in an immediate denial.
- Review present credit card debts: If you already owe money on one or more credit cards—either over 30% of your total credit limit or more than 40% of your income—banks will be less likely to approve your application. Address your debt first by paying a significant portion back to help your odds for approval when applying for a new card.
- Report all of your income: This includes everything from your regular pay cheque, your side hustles and part-time jobs. Never lie about your income, but do use all of your income to your advantage. Additionally, if you are part of a household (i.e. you live with a partner), some financial institutions will let you report a total household income instead.
- Regularly review your credit file: It’s a good idea to pull your full credit report to see what’s factored in your score. These reports are a major basis on how an issuer reviews your eligibility, so if anything doesn’t look right, if there’s an inaccuracy, you may want to address it before applying for a new card.
MORE ON CANADA’S BEST CREDIT CARDS:
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Online Gambling Sites that Accept Credit Card Payments
When it comes to gambling online for real money, choosing your deposit method is very important. The best online casinos offer quality gaming and banking options. What should you use to deposit funds into your account? For newcomers to the online betting world, it is good to know what type of payments are available. One of the most secure ways to get started is with credit cards.
Online gambling payments with credit cards add funds quickly to your account so you can begin to play slots and table games for real money. It is entirely safe to use this option for your online gaming needs!
The Best Credit Cards for Gambling Sites
In general, the three most common credit cards for online gambling payments are Visa, MasterCard, and American Express. Getting to know each option can help you decide which card suits your gaming needs best.
Visa is one of the most popular banking methods used in online casinos. With a solid reputation as a safe provider, players can use Visa debit, credit, or prepaid cards to make a deposit.
The card you use is encrypted and keeps all your private details safe. Casino sites use high encryption as well, so you have double the protection.
The benefits of using a Visa card include quick transactions, high deposit amounts, low fees, and the ability to set your spending limits.
MasterCard
As one of the best-known credit card companies worldwide, MasterCard makes it easy for players to make an online gambling deposit.
It is quick and secure, leaving you with a great option to fund your online casino account. The process of depositing with MasterCard is simple, and you can instantly begin playing your favorite games.
The company has been a trusted provider of banking options since 1966.
American Express
American Express is also a good credit card option for deposits at online casinos. This card is not as readily available as Visa or MasterCard, so always check with the online gaming site first.
With AMEX, you need to take an extra step before you can use this card to fund your account. Amex cards need to be activated for international payments with the issuing bank.
Top Online Casinos that Accept Credit Card Payments
There are many benefits to making an online gambling payment with a credit card. First, you know the transaction is secure. Betting sites have low limits for this type of deposit option, so you don’t have to add a ton of cash to your account.
Check out below our recommended casino sites for credit card payments.
| RANK | ONLINE CASINO | BONUS | CREDIT CARDS | PLAY NOW! |
|---|---|---|---|---|
| #1 | El Royale | Bonus: 250% up to $12,500 | Credit Cards: Visa, Mastercard | Play Now! |
| #2 | Red Dog | Bonus: 225% up to $12,250 | Credit Cards: Visa, Mastercard | Play Now! |
| #3 | BetOnline | Bonus: 100% up to $3,000 | Credit Cards: Visa, Mastercard, Amex | Play Now! |
| #4 | Wild Casino | Bonus: $5,000 Welcome Bonus | Credit Cards: Visa, Mastercard | Play Now! |
El Royale
At El Royale, players can use both Visa and MasterCard as a deposit method. Quickly deposit from $30 to $1,000 with either franchise. El Royale does not charge players fee when using credit cards for deposits. However, check with your issuer to ensure there are no third-party fees.
Once you make the payment, you have access to a long list of casino games like video poker, plenty of slots, table games, and live dealers.
If you are new to the casino, take advantage of El Royale’s generous sign-up promotions, it’s a massive welcome bonus package worth up to $12,500 !
Red Dog
At Red Dog, players also have access to MasterCard and Visa for depositing. The minimum amount is $30, while the max reaches $1,000.
Red Dog does not charge fees for players to use credit cards as deposit methods. Once you use either card, cash is instantly added to your account so you can begin playing.
Red Dog Casino is a new option on the market, offering a fantastic selection of casino games. Choose from categories like Popular, Slots, Table, and more when visiting this site, and enjoy a $12,250 Welcome Bonus!
BetOnline
At BetOnline, players can access all three popular credit card options. Visa, MasterCard, and American Express are accepted here with a minimum deposit of $50 required.
For the maximum amount, players can add as much as $2,500 to their account. Deposits are instant once one of these credit cards are used to add funds. BetOnline is one of the more well-known online casinos that cater to players in the US.
The site offers quality slot games, including the best of Betsoft Gaming. They also offer two live dealer casino sections along with table games, specialty options, and a $3,000 Welcome Bonus!
Wild Casino
At Wild Casino, players have access to Visa and MasterCard for depositing. The minimum amount required for the deposit is $50, and the maximum deposit amount is $2,500.
Once you deposit, funds are instantly available and can be used on all gaming options, including slots and table games.
Wild Casino offers an instant casino with a ton of content, perfect for newbies and veteran gamblers. New players can also take advantage of a $5,000 Welcome Bonus!
Why Using a Credit Card is a Great Choice at Online Casinos
Ease of Use
Quick Deposit Times
Accepted Everywhere
Security
Make Your Online Gambling Payment with Credit Cards
Using credit cards is a simple way to add funds to your casino account. You also have an added security level for your gaming when using this preferred payment option.
Visit any of our recommended real money online casinos today to get started. Each casino is reputable and offers a secure gaming environment. Sign-up and take advantage of quality welcome deals!
What Canadian Banks allow Online Gambling?
Learn what Canadian banks allow online gambling, and the available methods of deposit and withdrawal.
Online gambling can be a sore subject in Canada. Players love it, and several provinces encourage their citizens to participate at their respective, self-regulated iGaming websites. At the same time, those governments disdain the the use of international online casinos. It’s not illegal, but it sure cuts into provincial cash flow.
Since internet gambling isn’t illegal, you might assume that all Canadian banks allow online gambling. However, that’s not the case. Most banks that are headquartered within the boundaries of the nation have no qualms with facilitating online gambling deposits. Those based below the 49 th parallel, governed by our American neighbors to the south… not so much.
The problem stems from a US legislative document known as the Unlawful Internet Gambling Enforcement Act. Enacted in late 2006, the UIGEA made it illegal for US banks to knowingly facilitate monetary transfers for international (illegal) online gambling websites.
As a result, US-based credit card companies like Chase put a stop to it. Even if you live in Canada, you won’t be able to use a Chase-branded Visa card to deposit at an online casino. The transaction will be declined, leaving you searching for an alternative deposit method.
What Canadian Banks Allow Online Gambling?
To answer this question, we must first look at Canadian financial institutions with base operations located here in the True North. It’s okay if the card issuer has additional offices in the US, so long as the headquarters are on Canadian soil.
There are five major financial institutions that make the list. They are known as the ‘Big Five Banks of Canada‘, and include:
- Bank of Montreal (BMO)
- Bank of Nova Scotia (Scotiabank)
- Canadian Imperial Bank of Commerce (CIBC)
- Royal Bank of Canada (RBC)
- Toronto-Dominion Bank (TD)
However, only four of the Big Five Canadian Banks allow online gambling at international websites.
Scotiabank Says ‘No’ to Online Gambling Abroad
The Bank of Nova Scotia, aka Scotiabank, is perfectly happy to facilitate online gambling payments, so long as the deposit is going to one of Canada’s provincially regulated iGaming websites.
Therefore, players in British Columbia and Manitoba are limited to to PlayNow.com, citizens of Ontario to PlayOLG.com, and members of Quebec to EspaceJeux.com.
According to the terms laid out in the company’s ‘Day-to-Day Banking‘ guide:
“We reserve the right to prevent use of your account without notifying you in advance if we suspect illegal, unauthorized or fraudulent use of the account, including transactions relating to illegal internet gambling.”
Scotiabank gift cards won’t make the cut either. Under the Visa Gift Card Cardholder Agreement, the company states:
“Only online gambling transactions conducted at gaming sites owned and operated by Provincial/Territorial Governments/agencies can be authorized. All other online gambling transactions will be declined.”
Apparently Scotiabank considers internet gambling at offshore casino websites to be illegal—despite there being no laws on the books to back it up. Using a Scotiabank bank account, or Scotiabank-branded credit card or gift card, to facilitate payments to known international online casinos will be met with rejection.
4 Big Five Canadian Banks Allow Online Gambling
That leaves us with BMO, CIBC, RBC and TD Bank. It may seem like a small number of Canadian banks allow online gambling, but in the greater scheme of things, these banks serve the vast majority of Canadian residents.
The Royal Bank of Canada (RBC) is the largest banking institution in the nation, with branches in 50 countries. It has more than 16 million customers, and is perfectly happy to facilitate online gambling transactions to both homegrown and offshore gambling websites.
The Canadian Imperial Bank of Commerce (CIBC) ranks second largest. With operations in Canada, Asia, Europe and the Caribbean, this bank provides services to around 11 million customers, and values those who enjoy wagering with offshore operators.
Next up is TD Bank, a national commercial bank serving personal and small business accounts from 1,100 offices across Canada. TD welcomes over 10 million customers, and doesn’t care whether they deposit at international online gambling websites.
Bank of Montreal (BMO) rounds out the list. It is the oldest financial institution in the country, dating back to its meager beginnings in 1817. BMO has 900+ branches across Canada, and more than 7 million customers in its ledger.
Accepted Canadian Bank Payment Methods
If you hold an account with any of the above listed Canadian banks that allow online gambling transactions, you have a few options for making payments.
Each of these banks can issue Visa credit cards to their account holders. These Visa cards are accepted forms of payment at just about every online casino in existence. Feel free to use them for deposits. Likewise, Visa debit cards are available to all account holders. They can also be used at most online gambling sites.
eCheck / ACH deposits are the equivalent of writing a paper cheque, but without the paper and pen. They work by entering the bank’s name, transit number and institution number, along with your bank account number (all found on your paper cheques). Again, the payments are instant, but can’t be used for withdrawals.
Direct bank transfers are another popular form of deposit, and can also be used to facilitate withdrawals. A bank transfer deposit can be completed in just a few seconds. However, bank wire withdrawals can take anywhere from 4 to 14 business days to complete.
#1 Canadian-Friendly Casino for 2021
Royal Vegas is our editorial pick for safe Canadian gaming. Currently offering a good range of Canadian deposit options, everything from prepaid gift cards, to eCheck, instadebit and visa/mastercard. That, and a world-class gaming experience, with countless table games, strong variety, and even live dealers. The brand has been in the business for a decade long.
So, let's define, what was the most valuable conclusion of this review: We review the best online credit card casino sites. Enjoy credit card casino gambling at Canada's leading online casinos at Credit Card Options For Online Gambling in Canada
Contents of the article
- CA Credit Card Gambling Online
- Using Your Credit Cards For Online...
- Make it Snappy with Credit Card Casino...
- Mastercard Online Gambling Deposits in...
- Best Online Casinos Accepting Mastercard
- Pros and Cons of Using MasterCard for...
- How to Deposit at an Online Casino with...
- Choose a Casino that Accepts MasterCard
- Visit the Deposit Page and Select...
- Confirm the Deposit Details
- MasterCard Billing at Online Casinos
- How to Withdraw from an Online Casino...
- Using MasterCard for Online Gambling:...
- More Online Gambling Deposit Methods
- This browser is not supported. Please...
- Canada’s best credit cards 2021
- The best credit cards in Canada 2021
- Best rewards cards for everyday spending
- Best cash back cards
- Best Visa travel points...
- Best no fee cash back card
- Best no-fee card for travel rewards
- Best Aeroplan card
- Canadian Banks That Allow Online...
- The Banks of Canada
- Bank of Nova Scotia...
- Bank of Montreal (BMO)
- Canadian Imperial Bank of...
- Royal Bank of Canada...
- Toronto-Dominion Bank (TD...
- Other Ways to Fund Casinos with a Bank...
- Instant Banking
- Electronic Wallets
- Prepaid Cards
- Conclusion
- This browser is not supported. Please...
- Best instant approval credit...
- What is an instant approval...
- What do you need to get...
- Best instant approval credit...
- Card you can use instantly...
- Best no fee rewards...
- Best rewards credit...
- Best cash back credit...
- Best low interest credit...
- Approval with no credit check...
- Guaranteed approval...
- The difference between instant approval...
- Tips for applying for an instant...
- Online Gambling Sites that Accept...
- The Best Credit Cards for Gambling Sites
- Top Online Casinos that Accept Credit...
- Why Using a Credit Card is a Great...
- Make Your Online Gambling Payment with...
- What Canadian Banks allow Online...
- What Canadian Banks Allow Online...
- Scotiabank Says ‘No’ to Online Gambling...
- 4 Big Five Canadian Banks Allow Online...
- Accepted Canadian Bank Payment Methods
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