A Brief History of Credit Cards

A brief segment on the history of credit in the USA
Brought to you by the caring folks at &Orange Motion Design.
© &Orange Motion Design 2015

[littledarkcollege]

I love how carefree her voice is when talking about how much debt we're all in

[deganni]

great info in such a short video - thanks for sharing

[RealityHurts]

People hate credit cards because they cant control their spending habits and hate the idea of having to pay a bank back for a loan. Irresponsible cry babies

[wturner]

And that's the reason our national debt is sky high, mainly consumer debt.

[kwell]

I still believe in credit cards, but only in a LAST RESORT situation. If you have just a bad month like I had in March (dog passed away on top of me losing my job and before all that we bought a used car for the teen driver) - credit could come in as a life-saver here. I have mine at $550 limit but thats OK because I dont need to go spending over $500 on anything, except medical and/or vehicle repairs to keep going to work. Consumerism I believe is fading and people are trying to get out of debt now. But the thing is, will they stay out of debt once they're "debt free"? The usage of a credit card can be like a 'drug' to some. That need to use it prior to your main debit account. Any how - great video and had no idea BOA essentially created "VISA"

[AlexK]

I have 5 cards of course they are all debit :))))
Credit cards are a scam

[lynchkenna]

I won’t stop testifying for *smithjuli* on telegram, I’m always happy to deal with her

[danyal_assi]

Credit card looks like Ukraine I think Russia will destroy

[Shunised]

And then in around 2010, lots of children started stealing their parents' credit cards for video games

[pejuangdunia]

I like the video..very informative. one like from me :)

[peterc.]

Very informative and aesthetically pleasing.

[redsquarejay]

Ok this went from a history lesson to the lifestyle of credit cards. This failed to say when cards became digital for the first time.