History of Technology (1950 AD - Present)
Published on Nov 19, 2015
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First credit card
Photo by 401(K) 2013
The inventor of the first bank issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York. In 1946, Biggins invented the "Charge-It" program between bank customers and local merchants. Merchants could deposit sales slips into the bank and the bank billed the customer who used the card.
The inventor of the first bank issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York. In 1946, Biggins invented the "Charge-It" program between bank customers and local merchants. Merchants could deposit sales slips into the bank and the bank billed the customer who used the card.
Photo by Local Studies NSW
What did people do before credit cards?
Photo by Josh Kenzer
What people did before credit cards was that they would have to record your identity, billing address, and terms of repayment.
Photo by Nimal S
Credit cards were first promoted to traveling salesmen for use on the road. By the early 1960s, more companies offered credit cards, advertising them as a time-saving device rather than a form of credit. American Express and MasterCard became huge successes overnight.
Photo by Josh Kenzer
By the time it was early 2000's credits were more thinner and they were made of plastic instead of metal, fiber, or paper.
Photo by Cola21
Credit cards then started offering rewards in the 1980's and business services grew in popularity
Photo by Josh Kenzer
