BAC is going after a new, expanding market: Hispanics. It has several programs now, including the ability to send money to Mexico without the large fees usually associated with it. Now the credit cards are being added to services such as checking accounts and mortgages for undocumented immigrants, the majority of which are Hispanic.Here’s how they qualify: the individual needs to have had a checking account with the bank for three months without an overdraft (another way for the bank to add deposits at a very low cost since checking accounts usually pay very little to the holder). Once the 3 months have passed, a credit card will be issued to the applicant, usually a person with no previous credit history. And that’s the power of the program. Credit cards are almost impossible to get without a credit history. BAC is changing that.

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