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Q.

Quiz - who invented credit card ?

Tags: money, law & legal, invented credit
Asked by seema arora, 21 Sep '12 09:23 pm
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Answers (7)

 
1.

The inventor of the first bank issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York. In 1946, Biggins invented the "Charge-It" program between bank customers and local merchants. Merchants could deposit sales slips into the bank and the bank billed the customer who used the card.
Answered by LIPSIKA, 21 Sep '12 10:18 pm

 
  
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2.

The inventor of the first bank issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York. In 1946, Biggins invented the "Charge-It" program between bank customers and local merchants. Merchants could deposit sales slips into the bank and the bank billed the customer who used the card.
Answered by Quest, 23 Sep '12 11:18 am

 
  
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3.

John Biggins
Answered by iqbal seth, 22 Sep '12 08:14 am

 
  
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4.

Credit cards were first thrown down in 1951. That's when 200 brave, pre-approved soouls were able to present their Diner's Club cards at 27 different New York City restaurants.

On 1949 Frank McNamara went to dinner at Major's CAbin Grill and forgot his wallet. After talking his way out of doing the dishes to cover his tab, McNamara thought, "Never again!" In February of 1950, he and a partner founded Diner's Club and returned to Major's with a small cardboard card. Frank signed for dinner without a hassle, and the event was eventually dubbed "the First Supper."

According to American Consumer Credit Sounselling, the total U.S. credit card debt in the first quarter of 2002 was approx. $60 billion. The average credit card interest rate is around 18.9%.

Approx. 1/2 of all credit card holders pya only their minimum monthly requirements. There are a total of 1.2 billion and retail cards in North America. The average American household is solicited 7 times a year by credit card compa ...more
Source: google search
Answered by anil garg, 21 Sep '12 11:53 pm

 
  
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5.

American express
Answered by Manoj kakkar, 21 Sep '12 10:03 pm

 
  
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6.

American express
Answered by conviction, 21 Sep '12 09:24 pm

 
  
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7.

John Biggins
Answered by rajan, 02 Jul '13 06:26 am

 
  
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