Browsing articles tagged with " Who Invented Credit Cards"

Who Invented Credit Cards

Credit Cards

Although individual store credit cards were common in the twentieth century, a credit card that could be used at multiple locations came into existence in 1950 when Frank McNamara invented the Diner’s club credit card. The beginning of the twentieth century marked a steep rise in the automobile and travel industry enabling easy accessibility to a variety of shopping spots. Many stores and gas stations hence introduced the concept of shopping on credit accounts in […]