USAA bans buying bitcoin with their credit cards

USAA bans buying bitcoin with their credit cards.

Attached: 519DE115-77F1-45D0-9A25-B5B5A03B3F09.jpg (300x200, 11K)

>buying crypto on credit

>using credit cards as credit

>not buying crypto on credit

This is bad. Credit is a secure way for normies to buy because the (((Bank))) provides a measure of consumer protection. I always buy big purchases with a credit card instead of a debit, then pay off the credit with a transfer. This is another (small) barrier to normie money, credit cards would give security and peace of mind

OY VEY SHUT IT DOWN

this. its DIY margin trading.

max out credit. buy crypto. swing trade for gains. cash out the initial amount EOM to pay off the balance before interest has accrued. grats, you've just created free money.

Et tu, USAA? They actually own a big chunk of equity in Normiebase, so they should be one of the crypto-friendliest banks in the world. This is pretty crummy news.

Attached: 1522630782321.gif (400x316, 979K)

link you fucking retard fudster

buying crypto on credit too risky for me especially now that u gotta pay cash advance fees. instead i bought 20k worth of gpus back in november all on 24 mont 0% interest. two years ia plenty of time to mine and hold, roi my rigs once or twice over, pay off the cards and continue to mine pure profits for years until all the cards eventually die or i get bored and sell 25 1080ti's

This this. I made just over 5 figures profit starting from literally zero dollars doing this last year during the mad bullrun.

ehh. I kinda get how they would view it as a cash advance rather than a purchase. It's cutting into their bottom line if they look at it like that.

of course. it would be like selling rope to the hangman

who tf cares about soldiers anyways, any person who voluntarily risks their life for isreal doesn't deserve to get rich

yup. all you need is the smarts to filter the market and read the charts and the balls to risk carrying the cost of the credit if you fuck up. the carrying cost on a few grand is next to nothing though so even if you're stuck waiting a few months to make gains you're still likely not at risk of fucking your credit as long as you're not overleveraging. if anything its safer than margin trading because it saves you the risk of being liquidated because you set your own terms for your trades.

Yeah man everyone made money then. Now though, credit cards are a basic kike trap.

For those who think I am fudding

Attached: E594FD14-C7C2-4C0F-A7FC-1FDF1C325612.png (644x621, 116K)

Man, I don't know. Those good times were less than six months ago. It would be nice to at least have that ability if the good times ever come back. As it is now, I guess we have to do some awkward cash advance shit. We'll have to look into how to actually do it.

where are you from user ?

Get the fuck out of here. You can link your coinbase accout to your USAA account. Try harder next time. Don't fall for this bullshit.

>he fell for the Israel meme

Motherfucker you're right. To be fair I guess I can see why they're doing this. Still sucks though.

I’ve been using my debit to purchase crypto on Coinbase without any issues.

Truth, and my debit works fine too.

Given their relationship with Coinbase, they should at least make an exception for people using their USAA credit card to buy on an already-linked Coinbase account, since there's really minimal risk of fraud there.

you blue pilled burger you have no idea whats happening we are in a war with these banking skum and they are doing everything they can to fuck you up in addition to preventing you escaping their usury system

>credit card has a cashback system, really low almost minuscule but nice to point out
>store has a points system, can be converted to cash or points to pay for stuff
>same store has a discount if you're a member
>advertise my services like
>buying stuff in that store? Give me cash and I'll buy the item for you with a discount
get around 5% cash out of every purchase, store gives me points, credit card gives me good benefits for literally doing nothing. People spend upwards of $1k on average so it adds up

>credit card sees me as a good customer and give me really low interest on loans
>use the cash on that to pay the balance/interest

It does not matter if my investments literally go to zero because I am playing with other people's money.

and my friend when the partys over you will be fucked there are 100m people smarter than you have tried this and been fucked up. but you are different i guess