No more credit cards for bitcoin!!

So if you haven’t heard, now you have. JPMorgan Chase, Bank of America, Citi and Capital one are banning their customers from purchasing Crypto on a credit card. Don’t get discouraged you can still use a debit card or a bank transfer. The banks have concerns about people over-spending and running up debt when the market drop. When have the banks every been concerned in the past? I’ll give you a minute to think about it. Never! My personal opinion, they are losing money on interest. They want you in debt, because as long as you owe the banks they will never go broke. So trying things like investing in Crypto and finding the right coin. It’s not good for banks. Bottom line you are using their money to make a profit and paying them back before the interest kicks in so the banks are not making anything off of it. My conclusion if they can find a way to make money from it then they will bring it back. But for now no credit cards allowed well at least for these banks.