Credit Score

History of the Credit Card: Plastic Rags to Riches

How the First Credit Card Came to Be

In America, credit card history isn’t something most people think about. This is because credit, and thus credit cards, seem to be a timeless method of payment. However, the use of plastic payments is, for the most part, a twentieth century luxury. At the turn of that century, a well-organized system and practice of credit simply didn’t exist. Today, however, most habitually rely on the convenient use of plastic to secure a variety of services and items. So, how exactly did the phenomenon known as credit spread so rapidly and who is the person responsible for inventing the first credit card?

Early Systems of Credit › Continue reading

Tags: American Express, bad credit, Bank of America, bankamericard, bankamericard score, charge cards, Credit, credit card, credit card history, credit cards, credit repair, diners club, finance, history of credit, visa