GBank Credit Card Review
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
The Cashback Rewards can easily be applied to your bill and are available each purchase.
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.
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
- Apply at GBank's website.
- The landing page asks you to enter an Offer ID. This is not needed. Click "Skip This Step" in the bottom right.
- The next few pages are a standard credit card application.
- If accepted, you will receive an email from GBank stating your accepted.
- 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.
- Once KYC is completed, you will receive a digital card within a few days.
- 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.