Credit Card Forum
  1. #1
    Green Member
    Join Date
    Nov 2008
    Posts
    4

    Default When were credit cards invented?

    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
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  2. #2
    Centurion Member Mogul of Pineapples's Avatar
    Join Date
    Jun 2008
    Location
    Smogland
    Posts
    1,396

    Default

    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.
    Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

    Current Cards:
    American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
    Primary Everyday Card: American Express Blue Cash
    Primary Travel Card: Chase Sapphire Preferred
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  3. #3
    Centurion Member Cucumber's Avatar
    Join Date
    Apr 2008
    Location
    Zuma
    Posts
    595

    Default

    Are you asking credit cards made as we know them today

    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.
    OBAMA
    Stop talking crap about him!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  4. Centurion Member fffresh's Avatar
    Join Date
    Apr 2008
    Location
    the edge of the world
    Posts
    439

    Default

    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.
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  5. #5
    Gold Member
    Join Date
    Aug 2008
    Location
    Los Angeles
    Posts
    33

    Default

    Quote Originally Posted by tote08 View Post
    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 =)
    Jeff Coga
    - Get the hottest deals in Southern Cali
    www.SoCalBargainProperties.com

    -Want to learn real estate? Learn while your Earn...
    www.SoCalRedevelopmentTeam.com
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  6. #6
    Gold Member
    Join Date
    Sep 2008
    Location
    WA
    Posts
    38

    Default

    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!
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

  7. #7
    Green Member
    Join Date
    Nov 2008
    Posts
    4

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

    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
    Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiTweet this Post!
    Reply With Quote Reply With Quote

Advertising Disclosure: CreditCardForum is an independent, advertising-supported comparison service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are authorís alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult a card's issuing bank for terms & conditions.