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I've switched to another exchange because of this.
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This is a great policy, all exchanges should adopt it. If you can only buy bitcoin and only miners can sell it, everyone will make a lot of money!

I’m kidding, of course.

BTW- it takes about ten days for a new account to buy bitcoin in Coinbase— we are having a post thanksgiving rally... it may continue for another 5 days.

I get that they have some limitations; but please at least mention it sometime during registration or during your first purchase. I had no clue until I went to sell despite making a numerous purchases.
I was under the impression that visa allows for a payment back to the card if they are CFT enabled.