How Credit Cards Were Invented

Delve into the captivating story of the world's first credit card.

From its origins as a cardboard credit card to the multi-billion dollar industry it is today, we delve into the story of how credit cards became an integral part of our lives. Join us as we discuss the forgotten wallet that led to the first credit card, the challenges that faced early credit card companies, and the innovations that have made credit cards ubiquitous. We also take a look at the impact credit cards have had on our world and how they continue to shape our economy. So sit back, relax, and join us for this Five Minute Finance video on the world's first credit card.

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[joehooper]

So they were invented because someone couldn’t pay their tab… now here we are, 70 years later and 30+ trillion dollars in debt… that went well

[dieseldragon]

Excellent video here, and thankyou! I may have performed one of the last ever _Imprinted_ credit card transactions in the UK a few years ago when a power outage hit a certain Welsh theme park just as I was needing to make payment for something. Thankfully my issuer still issues embossed cards, so as soon as the imprinter (Buried under an inch thick layer of dust) came out I knew _exactly_ what to do. 💳🖊👍

You should've seen the faces of everybody in that room who was under 40. They genuinely didn't understand what it was they were witnessing! 😁

[sugarbelle]

I’m not one to leave comments but this is the 2nd video of yours I’ve watched and I gotta say you do an excellent job setting up videos. Structure, visuals and the information are perfect. Interesting, informative and to the point. Now excuse me while I binge watch the rest of your videos. #subscribed

[d]

Very interesting to learn about this history! Thank you :)

[bayanjuma]

I rarely comment, but Great video! Very informative

[willman]

I didn't know credit card companies had computers back in the '50s.

[microsd]

Could you do a video on Student Loans?

[DavidDrake-fwev]

Does anyone know which agency regulates and oversees the processing of Visa, MasterCard, Discover, etcetera electronic payment transactions in the US? Thank you for your help.

[kianathomas]

a lot of stores you just needed your id or to know your numbers. or and.

[ownerlaptop]

Fargo tried to erase and replace this mam from history

[ithacacomments]

Credit Cards=Legalized Loan Sharking...think about it!