While you might think that having your credit card declined is a fate reserved for poor students, or underemployed Millennials, it turns out that some more powerful people also sometimes get their cards declined. President Obama’s credit card was declined recently when he tried to pay at a restaurant. Presidents – they’re just like us!
Obama’s Credit Card Declined While On a Date:
To make the matter worse, this happened when he was on a date with First Lady Michelle Obama. Luckily, the First Lady came to the rescue and perhaps swept the President off his feet by treating him to the fancy dinner. While Obama didn’t mention the restaurant in question, it’s widely suspected of being Estela in downtown Manhattan where the first couple dined while the President was in town for the United Nations General Assembly in September.
The story came out on Friday when President Obama signed a new anti-fraud order at the Consumer Financial Protection Bureau.
“I guess I don’t use it enough, so they thought there was some fraud going on,” he explained. “Luckily, Michelle had hers. I was trying to explain to the waitress that I’ve really been paying my bills.”
The new anti-fraud order will help protect Americans from credit card fraud by making a chip and pin mandatory on all government credit cards. These chip and pin cards which have been in use in Europe and Canada for several years, will be introduced more broadly in the US starting in October 2015. The order also requires law enforcement to send potentially compromised credit and debit info to a national Internet Fraud Alert System.
Has Your Credit Card Ever Been Declined?
While those sound like great measures, it definitely sucks to get your credit card declined especially when out on a date. I once had a similar thing happen to me. My credit card had been maxed out by a big work expense I forgot about when I offered to pay for a dinner date. Boy, was I embarrassed when they came back saying it had been declined. Luckily, I had the cash to cover the meal, but not everyone is so lucky.
Share your embarrassing stories of credit card debacles in the comments!