When Obama’s credit card was declined at New York restaurant
The 53-year-old told the crowd at the federal Consumer Financial Protection Bureau, that during a UN General Assembly meeting as he had stepped out for a bite at a restaurant, his own credit card had been declined.world Updated: Oct 19, 2014 00:45 IST
US President Barack Obama has revealed that his credit card had been declined at a New York restaurant.
The 53-year-old told the crowd at the federal Consumer Financial Protection Bureau, that during a UN General Assembly meeting as he had stepped out for a bite at a restaurant, his own credit card had been declined.
The bill had to be paid by the First Lady, Michelle Obama, and the President added that the restaurant staff believed that there had been some fraud.
Obama’s revelation coincided with his announcement on new protections for debit cards used to deliver federal benefits.
An estimated 100 million Americans have been affected by identity theft in the past year, including high-profile security breaches at retailers like Target and Home Depot.
“I was trying to explain to the waitress, you know, I really think that I’ve been paying my bills,” Obama said. “Even I’m affected by this.”
As 100 million people had faced breaches last year, Obama has introduced a new data protection plan, in which all government-issued credit cards shall have an
internal chip that would replace the old magnetic strips to reduce the potential for fraud and protect from identity theft.
The US president is paid $400,000 (£250,000) per year, as well as given a non-taxable $50,000 expense account.
First Published: Oct 19, 2014 00:42 IST