Credit Card Invention
People are not only getting more cards they are getting comfortable in. The invention of the first bank-issued credit card is credited to John Biggins of New York in 1946. History Of The First Credit Card In these days we didnt use magnetic strips on pieces of plastic. Credit card invention . The idea of a credit card didnt begin with Diners Club but McNamaras idea was a big improvement. First Bank Credit Card. To overcome the inertia in 1958 Bank of America experimented by simply mailing a plastic credit card to every single customer in Fresno California - 60000 of them. Also that year consumers were given the option to maintain a revolving balance rather than pay the entire bill. Diners Club Credit Card. Credit cards were not always been made of plastic. The first credit card in India was launched by Andra bank in 1981 as VISA Classic. The invention of the credit card. By the late 1940s charge cards such as the charga-plate and courtesy card were well establishe...