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5 naughty things your credit card won't buy

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Lottery tickets
Lottery tickets | Bloomberg/Getty Images

Lottery tickets

Think today might be your lucky day? You likely can't use your credit card to find out. Many card companies, and several states including California, Colorado, Connecticut, Georgia, Iowa and Wisconsin, prohibit the purchase of lotto tickets with credit cards.

Some state regulations specify that lottery products in that state can only be purchased with cash. Even in states that allow the practice, the retailer may turn you down.

"Lotteries often leave the decision up to the retailers," says Tom Tulloch, director of administration for the North American Association of State and Provincial Lotteries. "Often retailers are reluctant to accept credit cards for lottery purchases (because) their sales commission is reduced by the swipe fees they would have to pay on the transaction."

Even if you're in the right state at the right retailer, American Express and Discover won't be one of the cards you use to make that purchase. Both companies prohibit cardholders from buying lottery tickets with their credit cards.

Visa and Mastercard declined to comment on their policies toward purchases of lottery tickets.

If you do defy the odds, make sure you put your windfall to work so it continues to grow.

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Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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