History of Credit Cards
The History of Credit Cards
Today it’s referred as the old plastic but all credit card historians know that the first credit cards were not made of plastic but cellulose and metal plates. Encyclopedia Britannica documents that, the use of credit cards originated in the United States during the 1920s, when individual firms, such as oil companies and hotel chains, began issuing them to customers. Also, in the 1920’s, stylish stores in the United States issued them to their favorite customers.
So at that time they were highly localized in acceptance. So if you lived in Los Angeles you couldn’t use your credit card in Chicago. But credit cards gained nationwide usage after the likes of Henry Ford gave the world mass produced automobiles. The ability to travel across America had the unintended consequence of popularizing the credit card usage.
The 1950’s saw the founding of the Diners Club, which now is one of the biggest and most respected credit card companies worldwide. Its founder, Mr. Frank McNamara probably was surprised the way his start up turned out to be. The card was first intended to enable Diners customers to have their meals without paying for them, and Diners club would foot the bill.
The customers then would repay Diners Club. In 1951, Bank of America, encouraged by Diners success, started a card that is now called VISA. And other California banks started their card which later became MasterCard. The American Express made its debut in 1958. At that time, the banks realized that the card business was a mass market business, and they later began mailing anyone with address (some of them dead) offering the new found craze.
This is a little history that can be discussed with many of your family, friends and co-workers. Because many of us now have credit cards that vary from gas, individualized, business, high interest and of course low interest credit cards.
Last 10 posts in Do Americans Have Too Much Debt
- Overdraft bank fees fall under scrutiny - June 17th, 2010
- The pitfalls of Bank of America & keep the change - June 16th, 2010
- The Importance of Finding A Good Exchange Rate When Travelling - June 16th, 2010
- Helpful Tips For First-time Home Buyers - June 15th, 2010
- Know About Free Government Grants For Debt Relief - September 14th, 2009
- Credit Card Fraud - September 5th, 2009
- American Express Credit Cards - August 23rd, 2009
- Manage Money With A Tight Budget - January 9th, 2009
- Do Americans Have Too Much Debt - February 6th, 2008
Thank You for The Great Post I have found Absolutely Free Credit Report is definitely a great site to aquire my free credit report and get my score for free. Has Anyone else tried them?
1Many thanks for your information and facts, i’m constantly contemplating for new spots to receive helpful posts.
2Wonderful to read!
3Great post!
4Excellent job.
5I find this information useful. Is it ok to repost it on my blog, my readers might like it. You can view my blog here :
6Great site here. Lots of websites like yours cover subjects that just aren’t covered by magazines. I don’t know how we got on 15 years ago with just newspapers and magazines.
7Educational and entertaining. I’ve additional your internet log to my “reading substance. ” Progress me updated!. . . .
8Hrmm that was weird, my comment got eaten. Anyway I wanted to say that it’s nice to know that someone else also mentioned this as I had trouble finding the same info elsewhere. This was the first place that told me the answer. Thanks.
9Wow, very interesting article. It’s funny how history can be twisted in so many different ways. These photos certainly give us clues, but I guess we’ll never know the true story. . . .
10Cool post! How much stuff did you have to look up in order to write this one? I can tell you put some work in.
11When you’re in not good state and have no money to get out from that point, you will have to take the credit loans. Just because it would aid you definitely. I get term loan every single year and feel myself fine because of that.
12I am pretty sure that college students would improve their academic grades purchasing sample essay at buying term paper service. Because a great research papers writing service can write custom research papers on every sphere of study.
13Hypotheken? Heel veel hypotheek informatie: verschillende hypotheekvormen, hypotheekrentes, nationale hypotheek garantie, hoe een hypotheek te vergelijken.
14Lots of lecturers want to see the skills of writing, thus, students need to select dissertation service to order dissertation workshop. In this way people demonstrate the academic grade. And as well you can bring thesis writing service.
15Lenen Zonder BKR Toetsing Lenen zonder BKR toetsing stijgt in populariteit op het Internet. Veel mensen met een zogeheten BKR notatie, die toch geld willen lenen zijn op zoek naar …
16I do think that all students know, how annoying the essays creating can be. Nevertheless, clever people can to puzzle out this issue using an assistance of the essay writing service.
17Genuinely actually beneficial web site article which has received me considering. I in no way looked at this from the stage of look at.
18Maintain up the great work mate. This weblog publish shows how well you recognize and know this subject.
19When you want to reach an academic paramount, then you should order coursework online utilizing famous custom companies.
20Great post! I started following your blog about a month ago and I like your honesty. Good example to emulate.
21I am not really sure if best practices have emerged around things like that, but I am sure that your great job is clearly identified. I was wondering if you offer any subscription to your RSS feeds as I would be very interested.
22If you continue your useful idea connected with this good post, will you please give some information about write my custom paper, because I try to buy already written essays at the essay writing service.
23I definitely enjoy the web page, My name is SEOGirl and I run the net optimization team at Digital Marketechs. Our inexpensive and custom tailored web advertising and marketing expertise will aid you to attain your major aim not to mention deliver potential clients into your web organization. A great deal of consumers who have availed in the Net optimization professional services are truly experiencing an ongoing elevated return. To have this form of successes, your business just need to apply for our Search engine optimization specialist providers. We assure you that we can connect the gap between both you and your clients. Our organization is in fact to deliver for your internet web site, sales and construct your brand name. As a result of enrolling with our top quality Seo and on-line advertising service, you’ll gain a considerable profits improvement in a quicker timeframe thanks from…
24