Frank McNamara-The Inventor First Credit Card

Do you know who the inventor of a credit card? He is Frank McNamara, a businessman who is known as a prominent founder of the credit card.

In 1950, McNamara worked with a businessman named Ralph Schneider to issue credit cards first. The card was given the name of Diners Club. This card is the first credit card is considered valid as a means of payment. Only, the use of credit cards is limited only to eat, not for shopping, as the word itself Diner, which means "dinner".

One example of Diners Club credit card
One example of Diners Club credit card

When first launched, Diners Club has 200 customers and was accepted in 27 restaurants. Within a year, 20 thousand people have become customers. Diners Club is not only valid in New York, but extends to other cities in the United States, such as Miami, Chicago, Boston, Los Angeles, and San Francisco.

In 1952, Diners Club spread throughout the country in the world. In 1973, Diners Club entry into Indonesia. Now, the growing credit card. Type and utilization also varied, including Diners Club, American Express, Discover, Master Card, Visa, and BCA Card.

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