Lao Tse
Verified User
I really don't see too much of a problem with this. If BoA wants to take the risk, let them. Secondly, I don't understand why citizenship should be a prerequisite for a credit card. Thirdly, something like this may be helpful to legal residents not just illegal residents. Fourthly, its not BoA fault congress can't get its $hit together and they've created a huge market for BoA to capitalize on. They see an opportunity and they are pouncing. That's what capitalism is all about.
It's the double standard. Try walking in there as a citizen and trying to get credit vissout your papers. and plus the natives will most likely pay somewhere along the line for the increase default rates which I'm certain will exist in the immigrant population, unless, like darla said, they pay a higher interest rate, which I doubt will happen, because libs like you will scream "RACISM".