When were credit cards invented?

For just about anything you want to get off your chest about credit cards.
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tote08
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When were credit cards invented?

Postby tote08 » Thu Nov 27, 2008 6:33 pm

Hello I'm doing a project for school and I was wondering if someone here could tell me when were credit cards invented? And then if anyone could tell me who invented credit cards that would be super helpful too! :) What I have found so far says the that the first credit card was issued by Flatbush National Bank in Brooklyn New York in 1946 and the name of the inventor was John Biggens but it was only used locally. Then the first real credit card was issued by Diners Club in 1950 and that was who issued the first credit card.

Can anyone tell me if this is all accurate because I have so far seen conflicting stuff about it on the net.

Thank You :)


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Mogul of Pineapples
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Postby Mogul of Pineapples » Fri Nov 28, 2008 6:45 am

Do you want to know where were credit cards first invented as we know them today (plastic cards) or when were credit cards made first for any use? Because before there were regular credit cards as we know them today, store credit was common and I suppose some stores would likely have recorded the customer's information on a piece of paper or cardstock for them to use, which could be considered a credit card depending on the definition you are looking for.

For when were credit cards first introduced in the modern sense the answer would be 1950; Diners Club by Frank X. McNamara. 200 cards were issued to friends and family that could be used initially at 14 restaurants in New York city.

Here you can read the history of Diners club.
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Cucumber
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Postby Cucumber » Sat Nov 29, 2008 1:20 am

Are you asking credit cards made as we know them today :confused:

I know credit cards were originally made using paper or cardstock paper that was wallet sized. What I'm reading says plastic credit cards were not introduced until 1961.

Diners Club wasn't the first credit cards depending how you look at it

In 1946, "Charg-It" was the first bank card introduced by a banker in Brooklyn New York named John Biggens. If a customer had an account at Biggin's bank they could use the Charg-It card locally and the customer's bill would be forwarded to the bank who would then pay it.
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fffresh
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Postby fffresh » Sat Nov 29, 2008 7:56 pm

1951 would be the most likely answer but keep in mind credit has been around for ages. 3,000 years ago it was used in Babylon. It's hard to tell whether they gave buyers papers or cards back in the past to buy on credit also. If so that could be considered a credit card by the simplest definition.

I can tell you credit cards did not gain widespread popularity until they introduced the magnetic strip in 1970.

JEFF COGA
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Postby JEFF COGA » Wed Dec 03, 2008 6:15 pm

tote08 wrote:Hello I'm doing a project for school and I was wondering if someone here could tell me when were credit cards invented? And then if anyone could tell me who invented credit cards that would be super helpful too! :) What I have found so far says the that the first credit card was issued by Flatbush National Bank in Brooklyn New York in 1946 and the name of the inventor was John Biggens but it was only used locally. Then the first real credit card was issued by Diners Club in 1950 and that was who issued the first credit card.

Can anyone tell me if this is all accurate because I have so far seen conflicting stuff about it on the net.

Thank You :)


I believe the actual mainstream credit card was given out by bank of america. it was called americard... i think... google it no free ride =)
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Postby kiboko » Mon Dec 08, 2008 1:23 pm

Who invented credit cards though like the ones we use today? Those ones with the magnetic strip and made of plastic. I don't care about the first paper cards used or whatever because who was the inventor of credit cards you know has GOT TO BE rolling in dough from all the royalties he got on his patents!

tote08
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Now I'm an expert on who invented credit cards!

Postby tote08 » Thu Dec 11, 2008 1:19 pm

Hi Everyone its me again. Thanks so much for all the info you've posted on here! :)

I ended up getting an A on it. I am now officially an expert on when were credit cards made! lol



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