Bank of America offers credit cards to illegal immigrants

BofA has begun offering credit cards to customers without Social Security numbers. This new card will be open to people who do not have a SSN and a credit history, as long as they have held a checking account with the bank for three months without an overdraft.

Is it possible that an illegal immigrant has a better chance at getting a credit card than a college student? To some banks, this group is an untapped resource, but are they willing to take the high-level risk that comes with it?