Back in the day, it was hard to get a credit card and having one was a sign of respectability and status. Then these same cards became mainstream with college students guaranteed so they would have another layer of debt to fight through when they left school.
Now, Bank of America has found that everyone has a credit card and is looking to expand their market. Who is left, but the illegal immigrants. All they have to do is have a checking account for 3 months and not bounce a check and they will qualify for a credit card courtesy of Bank of America.
So lets review. Sneak into the country. Get free medical care. Get free education. Work off the books, pay no taxes. Open a bank account (which I always thought needed a drivers license). Don’t bounce a check for 3 month and get a credit card.
Man, when I come back I want to be an illegal alien.
In recent years, banks across the country have been offering checking accounts and even mortgages to the nation’s fast-growing ranks of undocumented immigrants, most of whom are Hispanic, the paper said, adding these immigrants generally have not been able to get major credit cards.
The new Bank of America card is open to people who lack both a Social Security number and a credit history, as long as they have held a checking account with the bank for three months without an overdraft, the Journal said.
Bank of America tested the program last year at five branches in Los Angeles, and last week expanded it to 51 branches in Los Angeles County, home to the largest concentration of illegal immigrants in the U.S., the Journal said. via Reuters.com