BACK

Cashing In Q&A columns

Guide to the lottery, credit cards and what winning means

Summary

Giant lotto jackpots inspire big dreams of living large. Here’s what you need to know about buying that ticket, and the ups and downs of actually winning

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

Guide to the lottery, credit cards and what it means to win

Giant Powerball jackpots raise fevered dreams of debt-free luxury living, following one’s passions and giving back in very meaningful ways. The following stories provide a reality check on the pros and cons of winning (yes, there are cons), whether you can buy a lottery ticket with a credit card and what you should do if you really do beat all the odds and win.

5 reasons you don't really want to win all that lottery money

 

 

5 reasons you don’t really want to win the lottery

 

 

Buy lottery tickets with a credit card? Maybe

 

 

Buy lottery tickets with a credit card? Probably not

 

 

6 steps to handle a sudden financial windfall

 

 

6 steps to handle a sudden financial windfall

 

 

See related:States limit welfare, food stamp debit cards to ban ‘sin’ purchases, Don’t blow your inheritance, Better off broke: Why some choose poverty over wealth

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Cashing In Q&A columns

Don’t secretly add an authorized user to boost your rewards

Some rewards cards dangle the prospect of extra points for adding a friend or relative to your account, but make sure you tell the other person first

See more stories
Credit Card Rate Report Updated: August 5th, 2020
Business
13.91%
Airline
15.48%
Cash Back
16.09%
Reward
15.82%
Student
16.12%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.