I have numerous examples in my office of seniors who are on a fixed income nowhere near that amount, who have Visa premium cards. I have another example—and I'm sure there are faults in the system—of a 17-year-old having a premium card, who has a 10-hour-a-week job at a local fast-food restaurant. There is a huge push, as we've heard from the CFIB and other organizations, to get these premium cards out there, and people are not having the choice anymore to keep a Visa Classic or one of the lower-interest Visas.
On May 14th, 2009. See this statement in context.