Originally Posted by
aidanjt
I strongly disagree, their rights and duties to assess risk ends the moment they offer the line of credit. They periodically reevaluate the risk depending on your income, credit score and repayment history. But they shouldn't be imposing per-transaction acceptability decisions. The card holder assumes the risk of buying bitcoin, and if it explodes in their face, they still have to pay it back. And if they can't pay it back, they shouldn't have had so much credit available in the first place. Either the risk assessment during application acceptance is sound, or it isn't, and we have much bigger problems. Because anyone can max out a credit card on a whole host of other things. There's nothing inherently more risky about maxing your credit card on bitcoin than any other thing.