BoA, Citigroup reviewing the use of credit cards to buy bitcoin

[gdale6]

• Bank of America is reviewing policies that allow customers to buy bitcoin with credit cards.
• Citigroup is also reviewing its policy, according to a person familiar with the situation, just as Capital One Financial earlier this month decided to prohibit cryptocurrency purchases.
• J.P. Morgan Chase is still allowing customers to buy cryptocurrencies with their Chase credit cards, the bank told CNBC. The bank did not respond to a question about potential changes to that policy.

https://www.cnbc.com/2018/01/25/bank-of-america-citigroup-reviewing-the-use-of-credit-cards-to-buy-b...

[Anonymous]

Awwww too bad, I just started buying cryptocurrencies from coinbase this year using my Citi Costco.

I need to buy more ASAP then! LOL

[Anonymous]

Coinbase is 0% fee if you ACH then buy via GDAX.

[Anonymous]

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wrote:

Coinbase is 0% fee if you ACH then buy via GDAX.

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Ahhhhhh. Good to know! Thanks ABCD...

[MyDataMyChoice]

Effective February 2nd Bank of America will be declining credit card transactions with known crypto currency exchanges.

[silvius]

The beginning of the end for crypto?

[Anonymous]

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@silvius wrote:

The beginning of the end for crypto?

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No, most likely just a hickup at this point.  🤬

Krypto is fine, atm.