President Barack Obama revealed his credit card was declined at a restaurant in New York City last month.
Barack Obama said: “It turned out I guess I don’t use it enough.”
“They thought there was some fraud going on.”
Fortunately, the president said, First Lady Michelle Obama had a credit card on hand and paid for the meal.
Barack Obama told the story at the Consumer Financial Protection Bureau as he announced 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,” Barack Obama said.
“Even I’m affected by this.”
Barack Obama is paid $400,000 per year, as well as given a non-taxable $50,000 expense account.
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