Bank of America offers credit cards to illegals without Social Security Numbers.
One short article about it here
http://business.bostonherald.com/businessNews/view.bg?articleid=182823
and I can't verify the following from one of my favorite radio stations, but it doesn't sound as if the bank is doing them any favors. There will, in theory, be a $99.00 "processing fee" for a $500.00-limit card. And the basic interest rate the bank will charge is still unknown.
On the other hand, maybe this will help some immigrants who are not from Central America or Mexico. Perhaps some who belong to the Russian Mafia?
And can those of us who have social security numbers sue the bank for discrimination if they don't let us open accounts without providing the SSN?
Re: Bank of America offers credit cards to illegals without Social Security Numbers.
Quote:
Originally Posted by
PhaedrusZ
And can those of us who have social security numbers sue the bank for discrimination if they don't let us open accounts without providing the SSN?
This is a very good question. Americans are denied credit...only to be standing next to someone who is here illegally running up a credit card tab...and never paying it. Nice.
Re: Bank of America offers credit cards to illegals without Social Security Numbers.
They just broadcast this on the news here in Nashville, complete with an illegal alien saying she wants to get a credit card so nobody can steal her identity. What identity, she has no documents whatsoever. Geez what will they think of next? ::)
Re: Bank of America offers credit cards to illegals without Social Security Numbers.
Quote:
Originally Posted by
VenusGoddess
This is a very good question. Americans are denied credit...only to be standing next to someone who is here illegally running up a credit card tab...and never paying it. Nice.
If the Credit limit is $500.00 secured. Finally some money will be staying here in our economy.
Re: Bank of America offers credit cards to illegals without Social Security Numbers.
^^^ probably not ! One of the major virtues of having a credit card is paying bills in a foreign currency without having to pay exorbitant fees for the currency exchange or for the transfer of funds to the foreign country. These credit cards will probably make a major dent in the earnings of US businesses who formerly catered to sending money south of the border the 'old fashioned way' !
Re: Bank of America offers credit cards to illegals without Social Security Numbers.
Seriously, I'm switching banks now.
Re: Bank of America offers credit cards to illegals without Social Security Numbers.
Quote:
Originally Posted by
Melonie
^^^ probably not ! One of the major virtues of having a credit card is paying bills in a foreign currency without having to pay exorbitant fees for the currency exchange or for the transfer of funds to the foreign country. These credit cards will probably make a major dent in the earnings of US businesses who formerly catered to sending money south of the border the 'old fashioned way' !
I don't know.
It might be easier to simply mail the card "home" in what ever country, let the family pull money out, and then fill up the account every month with earnings. ($500 bucks a month can go a long ways in some countries.)
But I don't know if there would be a fee of some kind for transferring the money into peso's or whatever. If there is, one would have to decide if it is smaller than the money transfer places.
(My suspicions, if it isn't now - it will be!)