As it is, even president Obama can have his credit card declined. The president of the United States revealed that his credit card was declined as he tried to make a purchase in a New York restaurant while he was attending a United Nations meeting.
He disclosed this when he was addressing the workers on Friday at the Consumer Financial Protection Bureau in Washington as he unveiled new measures to curtail identity theft and credit card fraud.
This happened at Estela, a trendy restaurant in Noho where he was dining during his stay at the annual United Nations General Assembly which took place last month.
“I was there during the General Assembly, and my credit card was rejected,” he said.
At this point, he thought he was a victim of identity theft.
“It turned out, I guess I don’t use it enough, so they thought there was some fraud going on,” he said.
“Luckily, Michelle had hers. I was trying to explain to the waitress that I’ve really been paying my bills.”
He used this to drive home his point and the importance of the executive order he signed which adds “chip-and-pin” protection for United States government cards and payment outlets. This came at a time when the country’s financial industry is moving in the same direction.
“I was trying to explain to the waitress, no, I really think that I’ve been paying my bills,” Obama said.
“Even I am affected by this.”
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