When was credit card invented?
In 1950, the Diners Club issued their credit card in the United States. The Diners Club credit card was invented by Diners' Club founder Frank McNamara and it was intended to pay restaurant bills. A customer could eat without cash at any restaurant that would accept Diners' Club credit cards. Diners' Club would pay the restaurant and the credit card holder would repay Diners' Club.
If you want to carry on a balance, look for the credit card that offers the best interest rate or the annual fee offer. However, if you prefer to pay for the credit every month, then look on the one that offers the lowest interest rate.
Credit limit determines how far you can go with your card. Think of the lowest limit that would fit your needs, not your lifestyle.
Credit card companies offer tremendous bonuses on their cards. Before you sign up for these packages, think wisely! Will they really benefit you or are they just there to make your credit life miserable?
Always choose the credit card that offers the lowest annual percentage rate (APR). APR's could eithe ...more