Macquarie Bars Credit Cards for Gambling

Sun, Jun 30, 2019

The Macquarie Group in Australia has banned gambling and lottery transactions on its credit cards due to growing concern over easy access to credit for gamblers. The changes will take effect July 1.

Starting July 1, Australia’s Macquarie Group will prohibit the use of its credit cards for gambling and lottery transactions.

Any transactions classified as gambling will be blocked when the card holder tries to pay or seeks a cash advance, the Australian Financial Review reported.

**GGBNews.com is part of the Clarion Events Group of companies (Clarion). We take your privacy seriously. By registering for this newsletter we wish to use your information on the basis of our legitimate interests to keep in contact with you about other relevant events, products and services which may be of interest to you. We will only ever use the information we collect or receive about you in accordance with our Privacy Policy. You may manage your preferences or unsubscribe at any time using the link in our emails.