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Q.

When was credit card invented?

Tags: credit card
Asked by sumeet, 22 Apr '08 07:13 am
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Answers (7)

1.

The first credit cards were issued in California in the 1950s
Answered by balagangadhara reddy, 22 Apr '08 07:18 am

 
  
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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.

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.
Answered by Joseph Chacko, 22 Apr '08 09:05 am

 
  
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3.

60 years back
Answered by Ghost Singh, 22 Apr '08 07:22 am

 
  
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4.

When one man wanted to spoil the peace mind of others.
Answered by Netguru ji, 22 Apr '08 07:21 am

 
  
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5.

Before marching down to a credit card agent, ask yourself some questions like do you want to pay for the credit every month or carry a balance instead? The type of credit limit should also be taken into consideration. Some credit cards offer a lot of benefit packages, think of the package that would suit your needs.
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
Answered by malini satish, 11 Jul '08 04:22 pm

 
  
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6.

In 1950s
Answered by Musaddiq Ameen, 22 Apr '08 08:18 am

 
  
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7.

The first credit card was invented by Frank X,Mcnara in the USA and was issued in 1950 by Diners Credit Card. Holograms were first used for security for visa cards in the US in 1984. Cards built with microchips were introduced in France in 1975 and were called Smartcards.
Answered by samron jude, 22 Apr '08 07:22 am

 
  
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