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GBank Credit Card Review

Category: Side Hustle
Updated: May 17, 2024
3 min read

Overview

GBank presents its Signature Visa card tailored specifically for online gaming enthusiasts. In collaboration with DarkHorse Odds, GBank offers enticing cash rewards, including 1% on gaming and sports app transactions and 2% on all other purchases. Situated in Las Vegas, Nevada, GBank crafted its Signature Card with a focus on catering to the gaming community.

Rewards

  • 1% cash rewards on gaming and sports app transactions
  • 2% on all other purchases

Card Details

The GBank Visa signature card often requires a credit score above 690. Upon approval, the initial credit limit typically ranges between $5,000 and $15,000. Additionally, you may have a daily spending limit of approximately $5,000, with both limits poised to increase as you establish a favorable payment history with GBank.

If a transaction is declined due to maximum limit you can determine your transaction limit by going to My Cards -> Card Activity. Then, under "Status," select "Declined." Here, you can see the maximum purchase amount.

Screenshot displaying GBank Maximum Purchase Amount

States That Allow Credit Card Deposits

Not all states allow using a credit card to deposit into sportsbooks. Below is a list of states that allow credit card deposits.

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Application Process

  1. Apply at GBank's website.
  2. The landing page asks you to enter an Offer ID. This is not needed. Click "Skip This Step" in the bottom right.
  3. The next few pages are a standard credit card application.
  4. If accepted, you will receive an email from GBank stating your accepted.
  5. You will also receive a text to complete a Know Your Customer verification "KYC." This involves taking a picture of your ID and a selfie, much like completing ID verification for many sportsbooks.
  6. Once KYC is completed, you will receive a digital card within a few days.
  7. You will receive a physical card in about 1-2 weeks.

GBank Signature Visa Card And Matched Betting

GBank is the only credit card that does not treat sportsbook deposits as a cash advance. The GBank card allows you to make deposits and then get cash rewards on the deposits. The GBank Visa Signature credit card is a popular choice among matched bettors since it offers a 1% return on sportsbook deposits as well as 2% on other purchases.  This can have a noticeable impact on your yearly matched betting profits.

Most, if not all, other credit cards treat sportsbook deposits as a cash advance, entailing initial fees and interest charges. These interest charges may exceed your regular credit APR and commence accruing instantly. Given this, GBank emerges as the go-to credit card for sportsbook deposits.

Even though GBank does not treat sportsbook deposits as a cash advance, to be safe and avoid any unwanted fees, it is recommended that you set your cash advance limit to $0 as a precautionary measure. Be sure to pay off your bill in full each month to avoid any interest from accruing.

Note: DarkHorse Odds has an affiliate relationship with GBank and may receive compensation if you use the GBank Signature Visa Card.

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