Credit Cards for Illegal Immigrants

I’m not sure what to think of the statement released by Bank of America this week.

NEW YORK – Bank of America Corp. has begun offering credit cards to customers without Social Security numbers, typically illegal immigrants, the Wall Street Journal reported on Tuesday.

Not to get into a political debate, but it comes across as a bit crazy for a bank to start doing this. I would think that there would be some really high risk that the card holder may never pay back the debt that is due. I also have to questions whether fair practices and rates will be given for such circumstances.

Link to the Whole Article