IMO it's less about the people borrowing money and more about the potential frau...

Broken_Hippo · on June 11, 2018

I think you are correct. After all, many credit cards have a cash advance feature that will allow you to borrow money to get money.

Similar restrictions are commonplace for things like money orders, western union, and prepaid credit cards.

vxNsr · on June 11, 2018

In fact citi is posting some of the transactions as cash advances.

Bud · on June 11, 2018

Just as an illustration, the fraud risk is so bad that someone as smart as Steve Wozniak had bitcoins stolen via simple fraud.

https://www.marketwatch.com/story/steve-wozniak-had-70000-in...

gruez · on June 11, 2018

just because Wozniak is a good programmers, doesn't mean he automatically knows how to secure cryptocurrency. a fairer comparison would be if a cybersecurity expert's coins got stolen.

notahacker · on June 11, 2018

I'm sure Woz has a better idea of how to secure stuff on computers than 99.9% of people. If you need to be a cyber security expert to not run a significant risk of being defrauded, then it's obviously something credit card companies shouldn't be considering acceptable risk