One question might be: does whoever grants the LOC make any credit inquiries on you, and can that potentially impact your credit score?
The ATM option can be fee-free if you establish an account at a no-branch bank. Typically these banks will reimburse any ATM charges you incur.
Or, depending on the casino, and your tier level with them, they may allow direct debits from your checking account and waive any of the usual fees.
Either, or both, of these options can give you access to fee-free cash directly at the casino without going through the process of establishing an LOC.
Certainly the game is rigged. Don't let that stop you; if you don't bet, you can't win. -Lazarus Long
In theory, there is no difference between theory and practice. But, in practice, there is. -Yogi Berra
There is no such thing as luck. There is only adequate or inadequate preparation to cope with a statistical universe. -Robert Heinlein
From: "Frank Badach fdbadach@aol.com [vpFREE]" <vpFREE@yahoogroups.com>
To: "vpFREE@yahoogroups.com" <vpFREE@yahoogroups.com>
Sent: Wednesday, June 24, 2015 9:18 PM
Subject: Re: [vpFREE] Re: Bob Dancer's LVA - 23 JUN 2015
It cannot be emphasized strongly enough that there are no fees attached to the LOC. The ATM fees charged by the machines in casinos are absurdly high. Another reason to use an LOC.
Frank
Sent from my iPad
> On Jun 24, 2015, at 6:10 PM, "gaylen u udyge@yahoo.com [vpFREE]" <vpFREE@yahoogroups.com> wrote:
>
> For us having a credit line works well. I like Dancers article because it is a reality check for how you handle your money! We have never went to ATMs. We use the credit line as a way to just write out one check as we leave....unless we pay it off in cash :)
>
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Posted by: GURU PERF <guruperf@att.net>
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