Did you know that? The first credit card invented was dreamed up by a banker living in Brooklyn, New York named John Biggins in 1946, and was called the Charg-It card. Its good to know more about your credit card, apply for a Credit card now, ask us for help! Contact Nos.: +63928 536 2947, +639 17 745 5671, +639 16 748 2820, (02) 443 4381. Like and Share Our Page: facebook/CreditCardsApplicationPhilippines Another early credit card was the Diners Club card, which was invented in 1949 by Frank McNamara. It was used mostly for eating and entertainment and was known as a charge card. Just two years later, over 20,000 people had a Diners Club Card. American Express had been in existence since the 1850s, but in 1958 or 1959 AMEX introduce the first card made of plastic, they use plastic in their material instead of paper or cardboard that soon made American Express the most widely used credit card in America and could claim one million cardholders within the first five years of originating. Visa was once known as BankAmericard. Visa was born in 1966 when the Bank of America established the BankAmerica Service Corporation that franchised the BankAmericard brand (later to be known as Visa) to banks nationwide. In 1966, a national credit card system was formed when a group of credit-issuing banks joined together and created the InterBank Card Association. The ICA is now known as MasterCard Worldwide, though it was temporarily known as MasterCharge. This organization competes directly with a similar Visa program. Apply Now! Contact Us: +63928 536 2947, +639 17 745 5671, +639 16 748 2820, (02) 443 4381. Like and Share Our Page: facebook/CreditCardsApplicationPhilippines Source: https://mint/the-history-of-the-credit-card/ & creditcards/credit-card-news/credit-cards-history-1264.php
Posted on: Mon, 17 Mar 2014 09:42:16 +0000
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