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2007-01-26 04:32:05 · 6 answers · asked by straitranch 1 in Business & Finance Credit

6 answers

for identification? there are lots types of cards... magnetic card smart card barcode... etc

2007-01-26 04:35:59 · answer #1 · answered by Anonymous · 0 0

Charging for products and services has become a way of life. No longer do people bring cash when they buy a sweater or a large appliance, they charge it. Some people do it for the convenience of not carrying cash; others "put it on plastic" so they can purchase an item they can not yet afford. The credit card that allows them to do this is a twentieth century invention.

At the beginning of the twentieth century, people had to pay cash for almost all products and services. Although the early part of the century saw an increase in individual store credit accounts, a credit card that could be used at more than one merchant was not invented until 1950. It all started when Frank X. McNamara and two of his friends went out to supper.

2007-01-29 05:25:28 · answer #2 · answered by Anonymous · 0 0

The credit card was the successor of a variety of merchant credit schemes. It was first used in the 1920s, in the United States, specifically to sell fuel to a growing number of automobile owners.

2007-01-26 12:37:00 · answer #3 · answered by lacallistapknya 2 · 2 0

i don't think anyone knows that other than visa or mastercard or discover or whoever was the first credit company to produce cards.

Who knows what the first thing credit paid for...maybe a house, or land or a carraige or a horse or food...who knows.

2007-01-26 12:37:06 · answer #4 · answered by Sgt. Pepper 5 · 0 0

diners club for restaurant meals

2007-01-26 12:36:21 · answer #5 · answered by David B 6 · 1 0

do your own homework

2007-01-29 22:17:23 · answer #6 · answered by luciousgreeneyedlady 5 · 0 0

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