Wednesday, August 31, 2016

What the First Credit Cards Were Like

In 1950, Diners Club founder Frank McNamara introduced a novel method of paying for purchases. He called it a “credit card.” But when McNamara pitched the idea, he didn’t talk about rewards, perks, interest rates or fees, factors that make or break credit card offers today. Instead, he focused on what set his card apart...


from NerdWallet
https://www.nerdwallet.com/blog/credit-cards/first-credit-cards-like/

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