Neither of these would be visible in your credit file.

With a money transfer credit card, for example, you could send money from your credit card to your current account and then transfer from there to an account held with a betting site.Īlternatively, you might fund day-to-day purchases like groceries and transport with a credit card, freeing-up ready cash for gambling. However, despite the ban, there are ways for a credit card to be indirectly used to fund gambling. Historical credit card payments to casinos or betting sites won’t be identifiable as such in your credit report, and because it’s become illegal for gambling businesses to take credit card payments for bets, you can no longer fund gambling in this way. Some people use a separate account from their main current account to fund gambling payments, but this doesn’t guarantee discretion and you should still gamble responsibly if this is something you’re considering. Once again, prospective lenders may be absolutely fine with seeing the odd flutter in your transaction history, but they’re likely to be put off if you’re making frequent or disproportionately large transfers to betting sites, especially if you’re doing this instead of spending the money in other areas, such as credit repayments or utility bills. Similarly, a number of credit card or loan issuers will now request to see your current account transactions using open banking when considering an application you’ve made. However, while gambling transactions won’t be visible in your credit report, they’ll be visible in your bank statements, which mortgage lenders do like to go through when weighing up an application. It doesn’t exist to record or make judgements about how you spend the money you have. After all, your credit report is an assessment of your ability to comfortably pay back a loan. The act of gambling in itself isn’t enough to affect your credit report or credit score. You can see what lenders see by getting to know your own credit report. Your credit report doesn’t contain information on what you bought and where you bought it. Will gambling be visible on my credit file? However, gambling can still affect your ability to borrow money and can have an indirect impact on your credit score. Since 14 April 2020, you’re no longer able to use a credit card to gamble in the UK. Debit cards with low foreign transaction fees.

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