So credit card companies can block certain purchases. It’s time to let consumers use that tool for their own good
As bitcoin tumbles, more and more credit card companies are preventing their customers from buying cryptocurrencies with borrowed money. This is great news, and not just because it may protect speculators from getting into unsustainable debts in the bitcoin markets. It could signal a change of approach from card companies, who have done far too little to let customers protect themselves from risky transactions.
Wouldn’t it be nice to put a daily limit on your spending so you can’t go overboard on a whim?