History of Credit Cards
We know that a credit card is a payment method of buying and selling goods without using physical cash. But do you ever wonder what is the origin of this cashless transaction and who invented the credit card? The concept of paying through a card dates back as far as the 1800s. And in the late 1950s, the Diners’ Club, Inc. introduced the first plastic credit card. Followed by the American Express Company in 1958. Today, millions of consumers worldwide use Visa and MasterCard to purchase goods and services. Look at the awesome timeline below to trace back the beginning of credit usage. See also the Descent into Credit Card Debt Hell and Evolution of Payment Methods.