InsightsFrenzy.com | Discover Insightful Content

5 Items Your Credit Card Will Not Let You Purchase

Credit cards have shown the ability to increase your buying power. However, it turns out that there are certain inappropriate things that you cannot purchase with your credit card. While all credit card companies want you to use their card to help you with purchases, they will not approve of a few purchases. These transactions are treated as quite risky transactions and cannot be allowed by the credit card companies.

Here are five items that your credit card will not let you buy.

Marijuana
It doesn’t matter if you are buying it for medical purpose or for recreation, this transaction can only be made in cash. Credit card companies do not allow cardholders to purchase marijuana. Federal laws have banned the sale of marijuana for recreational or medical purposes. Marijuana companies cannot take checks either; you only need to pay by cash.

Online pornography
Your American Express Card will not allow you to buy online pornography although it is federally legal. There is an unacceptably high level of consumer dispute in the digital adult content industry. It raises the administrative costs for a credit company to deal with these disputes. This is why card companies do not allow you to buy online pornography.

Gambling chips
If you are in need of chips for a poker game, you need to buy them with cash. There is a prohibition in Nevada on the purchase of gambling chips with a credit card. American Express and Discover prohibit the practice of purchasing casino chips with their credit cards.

You Might Also Like: All You Need To Know About Credit Card Fraud

Lottery tickets
If you are looking to win millions, you cannot use your Discover or American Express credit card to get a chance. Both the credit card companies do not allow cardholders from purchasing lottery tickets since it is considered as a high-risk activity. Besides the companies, there are some states that prohibit the purchase of tickets with credit cards. Even retailers are hesitant to accept credit cards for purchases of lottery tickets as their sales commission is decreased due to the swipe fees they have to pay on the transaction.

WikiLeaks donations
After the information gathering website WikiLeaks leaked hundreds of classified diplomatic cables to the public in 2010, MasterCard and Visa blocked donations to the site. MasterCard does not allow its consumers to be engaged directly or indirectly in illegal activity.

If you believe that your credit card will let you buy anything you want, you are wrong. You will not be able to make purchases through your credit card for these five naughty things. Not many credit card companies appreciate any investment into the five listed items. Even federal laws do not allow an investment in these items. When it comes to these five purchases, credit card companies choose to stay away. If you intend to make a purchase of any of these listed items, you will only have to make it through the use of cash. Keep in mind these five items you cannot purchase with the credit card.

Keep yourself updated with the latest on Credit Cards . Like us on Facebook and follow us on Twitter for more on Investments.

Disclaimer:

The content provided on our blog site traverses numerous categories, offering readers valuable and practical information. Readers can use the editorial team’s research and data to gain more insights into their topics of interest. However, they are requested not to treat the articles as conclusive. The website team cannot be held responsible for differences in data or inaccuracies found across other platforms. Please also note that the site might also miss out on various schemes and offers available that the readers may find more beneficial than the ones we cover.

Popular Articles

6 best gas reward credit cards you need to know

Gas has been a major budget category for many households. Most of the citizens in our country rely on gas-powered cars to get around. Hence, we are always searching for ways to get money on gas.

Tips to Get Great Deals Using Kohl’s Coupons

Users may typically look for ways to save on bills associated with clothes, toys, cosmetics, and more. One of the top places to do this is by shopping at Kohl’s.

All about cashback card

All about cashback card Cash back credit cards give you a certain percentage of what you have paid for while purchasing goods using cashback card. This means that you can receive a certain percentage of the transaction on the total amount spent.

Top 10 gas credit cards

It is a constant struggle of the people in our country to spend less and save up as much as they can. Most of us use private cars to commute to office and back.

10 best gas credit cards you must know about

It is a constant struggle of the people in our country to spend less and save up as much as they can. Most of us use private cars to commute to office and back.

How To Choose The Best Credit Cards For Balance Transfers

How to choose the best credit cards for balance transfers? It is a well-known fact that one of the best ways to manage debt on credit cards is by transferring the balance.