what is your opinion of bank of america giving credit cards to illegal immigrantd?

Question

fat fingers

Answer 1

I think it's a great idea!!! And believe that more financial institutions should so the same. Other Financial Institutions already offer other checking and mortgage programs to customers without Social Security numbers or credit histories — including illegal immigrants....... Why not offer them a Credit card? Check this out..........."BofA's program issues small amounts of credit at relatively high interest rates to checking customers in good standing" This is just simple business and it shows how markets adjust to deal with reality, even when politicians and nativist TV commentators want to remain in denial. BofA recognizes that the 28 million Latinos in its market are here to stay, and it is targeting financial products to suit their needs and help them continue to boost local economies.

Answer 2

Um, they're a financial employer. So what they are thinking approximately is money, dollars, no longer something different than the dough. The enjoying cards are secured with a chit expenditures account and a brilliant pastime value. i think of the solid ole' financial employer of usa will make lots, lots, lots additional money off the illegals then they might in all threat lose from the human beings who close their money owed. i'm confident a financial employer might have made the calculations far earlier than the alternative. They knew human beings might get annoyed and figured precisely what number of their clientele might leave and how lots $ might leave with them. They figured it become a great deal all around. in basic terms think of, those are people who in all threat have under no circumstances had a mastercard until eventually now and don't comprehend how they artwork, will in all threat max out the element as quickly as they get a raffle and save it maxed out, so BOA will make hundreds of thousands, no---billions off them. in the event that they default, the financial employer will in basic terms save the deposit.

Answer 3

I hope everyone who has a Bank of America credit card, cancels the card. I think that it is a disgrace to give a credit card to anyone who is illegal. Do you know how hard it is to get a credit card in this country, (being American born) without having credit! It seems like Americans are losing their rights and bending over backwards to be politically correct. Is this country and the people in it going crazy or what!!!!!!

Answer 4

Anyway to make a buck and even if its off an illegal, plain greed,,,,,and of course when the illegals max out their credit cards and flee, the rates go up for all the honest customers,,,,

Answer 5

I think it's wrong. I don't know about other people but I'm fed-up of an entirely different set of rules for 1 group of people who aren't even citizens and another set for everybody else. I mean I viewed a video today in which the illegals are exempt from the 3 strike rule in California. Break the law, do a bit of time, get deported, come back and do it again and again and again and again. Get another fake ID and you could just go on forever! They have untrackable criminal records. Untrackable credit reports, Many are commiting welfare fraud, they're driving without licenses and the list goes on and on. I mean we are kept to a totally different set of rules and laws and standards and expectations and frankly I'm fed-up! We just had a murderer get a "deal" concerning his punishment or Mexico wouldn't extradite him here. This is just one more "perk" for the illegals that US citizens don't get.

Answer 6

It is wrong. Those illegal aliens wont pay back their credit cards and it will be AMERICANS who are bailing BoA out of their mess that they created. How can I say this? Because the illegal aliens who hike across the border are mainly drug dealers, thieves and lowest of the low class in Mexico. How can I say this? Because the numbers speak for themselves! It is ridiculous for anyone to think that they BoA wont be burned by this...and bad.

More money for Mexico is all that will happen.

Answer 7

Bank of America also gives checking and savings accounts backed with Visa Debit Cards to Citizens of Mexico that do not have USA social security numbers. It's routine. However, their policy is not as open and flexible with our own home grown minorities (USA).

That's discrimination.

Answer 8

Well honestly I have no credit cards... I have paid every last one of them off :))

I will keep this in mind while doing business though.

I am glad to hear that there are others out there that are closing the accounts that they do have.

Answer 9

They are an insult to all legal citizens and BofA account holders. All BofA account holders should close their accounts.

If I had an account there I would close it. I hope Washington Mutual doesn't do the same thing but with all the flack, I doubt it.

Answer 10

Boycott Bank of America.