For the benefit of the youngsters in the room...

For just about anything you want to get off your chest about credit cards.
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For the benefit of the youngsters in the room...

Postby jeffysdad » Sun Oct 14, 2012 10:53 am

I'm not all THAT old, but I can remember when...

Visa was called BankAmericard
MasterCard was MasterCharge
The only Amex was green
There was no Discover
There were no debit cards
There were no ATMs
There were no cash advance checks
There were no balance transfers
All cards had some sort of annual fee
None of them offered points, cash back or airline miles
There were no networks or card swipe terminals
The clerk had to see if your card was listed in a circular of recalled cards printed weekly (I think) on pulp paper and kept at every register
The process of paying with credit took longer than writing a check and involved the above mentioned bad card alert circular as well as the clunky Addressograph imprint device
Grocery stores and many other places did not accept cards
If you could buy gas with credit, you couldn't do it at the pump, but you also wouldn't have to pump it yourself either
Speaking of gas, oil company cards were commonplace, as were store cards
People like my grandma thought using a store card was OK if you paid if off monthly, but major credit cards were minted in Hell by the Devil
It was considered rude (because of the interchange fee) by my father to pay with credit at places like the dentist office, or it was considered low-class (because of the stigma of debt) to pay with credit
Women were second-class citizens when it came to extension of credit
The vast majority of people didn't have credit cards and those who did rarely used them (at least by today's standards)
Checks were commonplace, with the canceled ones hoarded for seven years
Young people just didn't have credit cards

I think that pretty well dates me for the crowd here. Does anyone remember something I missed?
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Postby bisbicos » Sun Oct 14, 2012 12:56 pm

Thank god we live in this time
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Postby PlatinumAMEX94 » Sun Oct 14, 2012 1:02 pm

It also used to be common to have the card put into a small machine and have a piece of carbon paper laid on top of it, and then it was signed "hard copy". Signed with a real ballpoint pen. My Chase Manhattan Bank card had a $19 annual fee when I opened it in the 80's. I later closed it for a free annual fee Citibank.
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Postby jlam572 » Sun Oct 14, 2012 2:24 pm

I heard you also had to walk to school in the snow uphill both ways too right? lol jk. I dont remember any of those and Im pushing 30.
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Postby djrez4 » Sun Oct 14, 2012 7:00 pm

I saw one of those carbon paper imprint machines on Saturday at a outdoor gear swap. I had my Square reader hooked into my iPhone. Oh how times have changed.
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Postby Vermonster » Sun Oct 14, 2012 8:13 pm

PlatinumAMEX94 wrote:It also used to be common to have the card put into a small machine and have a piece of carbon paper laid on top of it, and then it was signed "hard copy".

Hey, our business used those up until last year. We also had to itemize it and get an authorization code before the customer signed it.

I'm not that old (24), but I remember eating at a McFastFood and hearing a guy cancel an order because they didn't take credit cards. Everyone thought he was being absurd, trying to pay with a credit card and all.
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Postby shoptalk01 » Sun Oct 14, 2012 10:08 pm

I remember back in the 70's my dad had a BankAmericard. My parents wanted to go on a weekend roadtrip and once we left the state no gas station he stopped at would take BankAmericard, they said they only took MasterCharge. Since the banker at the time talked my dad into taking a credit card instead of traveler's checks, but he got lucky and had enough cash. My dad was steamed and swore he'd never have another credit card.

Something to consider, back then the bank gave customers courtesy checks -- they were a plain white check with the bank name on it. You had to write your name and account number on it and you could cash one of those babies anywhere in town, even out of town. My parents were 70 miles from home, wrote those courtesy checks and they were accepted.

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Postby kcarter609 » Sun Oct 14, 2012 10:13 pm

I remember when it was normal to pay for groceries or anything of that sort with a check and nobody cared. Try to find a place that accepts checks now. We refuse because people cancel them just because they can. They want everything for free and don't care how they scam you to get it.

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Postby 432521 » Sun Oct 14, 2012 10:24 pm

where I work (academy sports) we still use those machines where you put your credit card in and you stamp it and it makes an imprint and you have the customer signs it. We only use it if the customer takes to long to sign on the electronic pad though.
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Postby Snowman » Sun Oct 14, 2012 10:36 pm

Carter- Now that you mention it, my mom still pays for groceries with a Check. She doesn't want to use her cards, and since she doesn't carry cash, she'd rather write a check. I still don't understand why, but whatever.
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