Presidents, they're just like us.

Speaking at the Consumer Financial Protection Bureau in Washington, President Obama today admitted that his credit card was recently rejected.

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"I went to a restaurant up in New York during the UN General Assembly and my credit card was rejected. It turned out I guess I don't use it enough, so they thought there was some fraud going on," he explained, as he signed as executive order to tighten security on debit and credit cards that transmit federal benefits. "Fortunately, Michelle had hers.

"I was trying to explain to the waitress, 'No, I really think that I've been paying my bills,'" he joked.

"See, even I'm affected by this."

Jacquelyn Martin/AP Photo