With NFL playoffs kicking off in the new year, Yahoo Finance Consumer Affairs Reporter Jordan Weissmann joins Asking for a Trend with Josh Lipton to talk about one important tip for sports betters: Don’t gamble on a credit card. Credit card companies often treat sports gambling transactions as cash advances, meaning your bet comes with additional fees, oftentimes $10 per transaction or up to 5% of the total charge, cutting into your winnings.
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This post was written by Naomi Buchanan.