Credit cards were first thrown down in 1951. That's when 200 brave, pre-approved soouls were able to present their Diner's Club cards at 27 different New York City restaurants. On 1949 Frank McNamara went to dinner at Major's CAbin Grill and forgot his wallet. After talking his way out of doing the dishes to cover his tab, McNamara thought, "Never again!" In February of 1950, he and a partner founded Diner's Club and returned to Major's with a small cardboard card. Frank signed for dinner without a hassle, and the event was eventually dubbed "the First Supper." According to American Consumer Credit Sounselling, the total U.S. credit card debt in the first quarter of 2002 was approx. $60 billion. The average credit card interest rate is around 18.9%. Approx. 1/2 of all credit card holders pya only their minimum monthly requirements. There are a total of 1.2 billion and retail cards in North America. The average American household is solicited 7 times a year by credit card companies. Total consumer credit: 1.7 trillion Credit card debt carried by the average American: $8,562 Total finance charges Americans paid in 2001: $50 billion Percent of U.S. houshold deemed credit worthy by the lending industry: 78% Number of credit card holders who delared bankrupcy last year: 1.3 million
Credit cards were made because banks wanted to keep up with credit as in owed money better.
Modern credit cards were invented and first used in 1994.
The first credit card, Diners, was invented by Ralph Schneider in 1950.
Credit cards were invented in 1950 by Frank X. McNamara and some buddies while out at dinner. it is part of the loan in every way
Bank Of America offers many different credit cards. It offers cash rewards credit cards, points rewards credit cards, travel and airline rewards credit cards, lower interest rate credit cards, and build or rebuild credit cards.
Airline credit cards are credit cards issued by airlines. They have no real benefits over regular credit cards, apart from the fact that you can collect Air Miles with them.
People who misuse credit cards are charged for misusing credit cards.
Secured credit cards require that you supply a cash deposit as collateral that becomes the actual line of credit. When first establishing credit or reestablishing credit secured credit cards are an excellent method to use and most banks will be able to provide information on the secured credit cards they offer.
Here is a site that talks about interest free for 18 months credit cards www.moneysavingexpert.com Cards , Here is a site that talks about credit cards www.moneysupermarket.com/credit-cards
Interest free credit cards are some sort of deal credit cards make to get you to use their credit cards. Interest is cash that builds up on your debt. These interest free credit cards eliminates that for a few months.
There are many credit card companies that offer reliable credit cards. However, my list of reliable credit cards would include Visa, MasterCard, HSBC, and RBC credit cards.
the dangers of credit cards?
All Credit cards
One can apply for credit cards with rewards at websites such as Credit Cards and Credit. Other websites that one can apply for these cards at include Visa and TTBank.
Sears credit cards are like most credit cards. They are convientient when you are low on cash,. Howver, like most credit cards, they have high interest rates.
Subsidiary credit cards are viable credit cards issued under the direction of a major credit card company. For example, the American Express Company issues several different types of credit cards. They have cards that give you cash back, cards that give you points to purchase other items, and cards that earn airline travel miles. Each one of these types of cards are subsidiary credit cards.
So you didn't need to carry around money with you. This was prior to the introduction of credit cards.
No. I have no idea where you would have got this notion. Social Security cards are not credit cards and cannot be used as credit cards.
No but that's bad news for kids to have credit cards
American Express offers several different products and services. They offer credit cards, savings accounts, prepaid cards, credit cards, corporate cards, small business credit cards, and credit reports.
Credit cards that start with the numbers 4485 are Visa cards that are issued from US Bank. This is one of the many algorithms that are found on credit cards.
It depends on your situation like credit needs and credit rating. There are some introductory credit cards along with some credit cards for special rewards.
There are various companies that have special credit cards to help you build your credit. Most companies offer secured credit cards, that would be your best bet to build your credit rating.
The best credit cards for students are those that have been specifically designed for them. Credit cards may help students build their credit and learn responsibility. Some credit card companies, such as Discover and Capital One, have developed "student credit cards."