Amex and buying Crypto

[GoldenloveNY]

Hey,

Does anyone knows if buying cryptocurrency such as bitcoin with an Amex codes as a Cash Advance? Has anyone tried it?

Thanks,

[Anonymous]

Crypto is a cash equivalent and will be treated as a cash advance. 

[GoldenloveNY]

---

@Anonymous wrote:

Crypto is a cash equivalent and will be treated as a cash advance. 

---

Thanks, I thought so. Was hoping (day dreaming) not 

[blindambition]

It will be a CA with Amex, as with many prime lenders. Many have updated their terms for this very scenario.

[Kforce]

Have purchased Gold/Silver with Citi-DC (~$1,800),  see it in your sig.

I would not risk using any CC for Crypto/Gold/Silver, and expect rewards.

I was unaware at time of my purchase and believe I was lucky.

It also probably depends on amount and frequency of purchases.

 $200 or S20,000 might be seen much different.

Charge went thru as normal purchase and got the 2%

[wasCB14]

---

@Kforce wrote:

Have purchased Gold/Silver with Citi-DC (~$1,800),  see it in your sig.

I would not risk using any CC for Crypto/Gold/Silver, and expect rewards.

I was unaware at time of my purchase and believe I was lucky.

It also probably depends on amount and frequency of purchases.

 $200 or S20,000 might be seen much different.

Charge went thru as normal purchase and got the 2%

---

I wonder if a general numismatic dealer who just sells a little bullion would code differently than a specialized bullion dealer.

[Kforce]

---

@wasCB14 wrote:

---

@Kforce wrote:

Have purchased Gold/Silver with Citi-DC (~$1,800),  see it in your sig.

I would not risk using any CC for Crypto/Gold/Silver, and expect rewards.

I was unaware at time of my purchase and believe I was lucky.

It also probably depends on amount and frequency of purchases.

 $200 or S20,000 might be seen much different.

Charge went thru as normal purchase and got the 2%

---

I wonder if a general numismatic dealer who just sells a little bullion would code differently than a specialized bullion dealer.

---

My purchases ware from JMBullion one of the larger places

Might just have been lucky or Citi does not care ?

Had made 3 or 4 purchases over about a year before reading about it not being smart