USA   |   UK   |   Australia   |   Canada

Wells Fargo customers could be next to get credit cards without Social Security numbers


Well Fargo reported that it is considering the possibility of offering credit cards to customers who lack Social Security numbers.  Such a decision would follow Bank of America's recently publicized pilot credit card program in the Los Angeles area that allows undocumented immigrants to apply for plastic.

Compare Low Interest Credit CardsAccording to its vice president of regional banking, Wells Fargo is weighing the possibility of offering unsecured credit cards to its checking account customers who have no Social Security numbers.  The bank said the potential plan stems from the serious need for all customers to have equal access to financial products and services in order to "build credit, establish financial security and achieve the 'American Dream.'"

In May 2001, Wells Fargo became the first U.S. financial services company to accept the Mexican ID card -- the Matricula Consular -- as identification when opening accounts.  As of Feb. 25, 2007, Wells Fargo has opened over 1million accounts using the Matricula card.

Bank of America started its credit card program in 2006, eventually expanding it to 51 bank branches in Los Angeles County.  Bank of America explained the move is an attempt to reach out to the Hispanic market, but said that there are no plans to take the credit card program nationwide.

Consumers looking to apply for a Bank of America credit card who do not have a Social Security number must first have a deposit account with the bank for three months, as well as identification documents approved by the USA PATRIOT Act. 

Published: March 9, 2007

Join the discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.

The editorial content on is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company's business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.

Three most recent Innovations, features, new products stories:
  • Financial planning options for the 99 percent – Getting financial goals together is not as daunting as it sounds. From DIY plans to going to a professional, financial planning is within reach ...
  • 10 tips for using luxury pawnbrokers – The pawn industry has gone upscale, with 'luxury asset lenders' offering thousands, or even millions, of dollars against your jewelry, art, cars and boats. But know what to watch out for before you use one of these services ...
  • Can self-hypnosis apps help you think your way out of debt? – Proponents say self-hypnosis apps can help you change your financial habits from the comfort of your couch, but skeptics say the only thing getting lighter is your wallet ...

Share This Story

Follow Us!

Credit Card Rate Report

Updated: 03-31-2015

National Average 14.90%
Low Interest 11.62%
Business 12.85%
Student 13.14%
Balance Transfer 14.04%
Reward 15.04%
Airline 15.10%
Cash Back 15.28%
Instant Approval 17.93%
Bad Credit 22.48%