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Does Gambling Affect Your Credit Rating?

There has been some uncertainty around this question, so we’re going to clear things up for you. In Ireland, gambling is highly regulated and there have always been concerns over whether gambling can have an impact on your credit rating. This ties into the barriers put in place by the Gambling Commission of Great Britain, such as the self-exclusion GamStop scheme. The UKGC put a lot of attention on responsible gaming and if you’re betting over your budget, chasing losses, and displaying irresponsible gaming, then your account will be flagged and the gambling transactions on your bank statement won’t be pleasing. If you’re betting on your overdraft, then it could hit your credit score. However, this is not because the transactions are gambling-related, this is simply because you are spending money that you don’t have.

If you start picking up depts and the bank notices your money is being sent to betting sites, then your account could be raised as a problem. Additionally, if you choose to bet at a non GamStop casino, then you have the option of making deposits with a credit card, which has a big impact on your credit rating if you do not pay the amount by the due date. Any money you use that has been borrowed will affect your credit rating.

So, the question is, does gambling impact your credit score? The simple answer is no, providing you gamble with money that is yours and you can afford it. However, if you’re gambling with money that has been borrowed and you can’t pay it off, then your credit score may take a hit.

How does gambling impact your credit rating?

The connection between online gambling and someone’s credit rating is blurry. It goes without saying that your betting activity can have a positive or negative effect on your finances. Moreover, it really comes down to how you deal with your credit, such as paying debts on time, not over borrowing, and showing responsibility with your money. But what is a credit check and why would it relate to your gambling activity?

What is a credit check?

A credit check is process that banks use to check how responsible you are with your finances. This will tell the banks if you are good at handling money and can be trusted with borrowing. If your credit check shows that you are late at paying back your debts, constantly borrowing, and using your overdraft, then the banks may not want to offer you a loan. These checks are carried out by a credit reference agency such as Experian, Equifax or TransUnion. These agencies are chosen by the bank / lender and will be consulted when you have applied to borrow money, such as a mortgage or credit card.

How does a credit check apply to gambling?

Although the bank will check your credit score or may see gambling activity within your transactions, it doesn’t mean you’ve failed your checks. It all deposits on your income versus your outgoings. If you have more coming into your bank account than going out, regardless of gambling transactions, it doesn’t matter how much you gamble with. If you’re betting on a reasonable budget based on your income and you repay any due payments, then you should be home free.

Gambling and credit score: Will I get a mortgage?

Many UK gamblers are concerned that gambling could have an impact on their chances of being accepted for a mortgage. But this is not as simple as it sounds, the impact will depend on a number of things. There are two separate questions to ask here, will gambling affect your credit rating? And will you get a mortgage? Of course, these two questions can be contacted. For example, if you’re a high budget player that wagers large amounts, then the bank will certainly notice your gambling spend in your credit check and it will reduce how much you are able to borrow for a mortgage. The banks will see you as high risk and either reject your application or give you strict terms. The best way to ensure you are accepted for a mortgage loan is to play responsibly with your money.

How can I ensure gambling does not affect my credit score?

When you place bets at an online casino, you are risking the money and the chances of you winning more than you bet is always against you. The casino always has the edge. You may have noticed that most slot games have a return to player percentage of around 96%, so in theory, if you wager £100, you will win back £96, of course, this percentage is worked out over a long period of time. There are some good rules to follow to avoid having your credit rating compromised by your betting activity. Here are some rules you should always follow when placing bets.

Can banks block gambling transactions?

The last thing you want is a bad credit score when you are trying to buy a home or take a personal loan out. If you have experienced problems with gambling, then you may have self-excluded from a casino site or signed up to Gamstop to restrict access to all UK online casinos. Moreover, some banking services allow you to block any gambling transactions, this option is available through your online banking services and is being offered by banks like Monzo and Revolut. These limitations are designed to keep you away from gambling sites, allowing you to maintain or rebuild your credit score. Let’s take a look at the helpful gambling banking services that you can take advantage of.

Does Monzo block gambling?

Monzo bank is one of the newest online banks and provides outstanding convenience to its players, it was one of (if not the first) bank to offer this as part of their app. The bank allows users to set up gambling blocks directly from the app. However, you will need to convince customer support to remove the block if you wish to do so.

Does Revolut block gambling?

The Revolut gambling block automatically blocks card payments to gambling merchants including land-based betting shops, online casinos, or sports betting apps. The block can be easily enabled so any card payment made to a gambling merchant will be declined.

Does Barclays bank block gambling?

You can block all gambling transactions through the web app. However, you will need to wait three days before turning off any gambling block.

Does Halifax bank block gambling?

Yes, Halifax provides several tools to block any gambling transaction. It offers a 7-day free trial for the Gamban application. You can also pick from the “Card Freeze” and “Freeze Gambling” tools available. What’s more, the bank also has a financial tracking you can see all the money that has been spent on gambling sites.

Does HSBC bank block gambling?

The HSBC Pay by Bank app allows you to set gambling restrictions, including a full transaction block and a 72 cool off period where you still need to wait three days once any blocks have been removed.

Does Natwest bank block gambling?

Natwest has a card locking feature for all gambling transactions. This will apply to your plastic and virtual cards, but there is a two day cool off time if you take any gambling restrictions off.

Does Starling bank block gambling?

Starling allows customers to stop online gambling payments through the mobile banking app.

Does Santander bank block gambling?

In case you have a Santander, you can choose to block certain transactions, such as gambling ones. Also, you have the option of staying on top of any gambling transactions thanks to the My Money Manager tool.

Does Lloyds bank block gambling?

Lloyd’s Bank also collaborates with Gamban, offering a free trial of the Gamban application. You can also take advantage of a Freeze-Unfreeze function, allowing you to seamlessly turn gambling transactions off.

Can you gamble with a credit card?

Most non-Gamstop online casinos will allow you to fund your casino play through credit cards. There are some benefits to using credit cards, such as collecting points, but there are some concerns, especially when it comes to your credit score. Although making gambling transactions does not have a direct impact on your score, having a credit card can result in you gambling with more than you can afford. If the minimum credit amount is not paid off by the due date, then this will mark your credit score and show that you are not paying your depths off in time. Credit cards are a great way to increase your credit rating, providing you pay off the card each month, but missing the payments has the opposite effect and will compromise your score. It is for these reasons that the Gambling Commission of Great Britain does not allow users to make a deposit with credit cards.

Do betting websites affect credit rating?

Online casinos and other gambling sites do not impact your rating themselves. It’s up to you how you spend your money. However, the money you gamble with can have a serious impact on your score, such as using credit cards or loans to gamble with. If your depths are not paid on time, then your score will be marked.

Do gambling transactions show on your credit score?

No, the gambling transactions will only show on your bank statement and not on your credit score.

Do betting accounts appear on credit checks?

This is a tricky one, betting activity will not show on your score. However, if you have a poor credit rating because you are not paying off a credit card, and there are lots of gambling transactions on the credit card, this can be checked and noticed by the credit card company.


So, to sum up, having gambling transactions on your bank statement will not have a detrimental effect on your credit score. However, the actions on how you use your finances will have an impact on your score. Once you have a poor credit score it can take years to rebuild it, we strongly recommend you follow the rules we set out above. You should always be concerned about your credit score and act accordingly. Simply put, the number one rule is to only gamble with money you can afford to lose, and it never hurts to take profits.