Who invented the credit card?

There were several precursors to the modern version of the credit card. Credit card history can be traced back to 1914, when Western Union rolled out the idea of “Metal Money.” These metal plates were granted to a handful of customers and allowed them to push back payment until a later date.

How has the credit card industry evolved over time?

The credit card industry has evolved over time, with the concept of credit usage dating back to ancient times. The Diners Club card, invented in 1950, is known as the first modern-day credit card. As the credit card industry grew, new credit cards like American Express®, BankAmericard®, Mastercard® and Discover® emerged.

When did credit cards come into existence?

There is a long history of credit usage, but the first credit card came into existence in the middle of the 20th century. A quick history of credit cards can show us how they have evolved to become what they are today. Key takeaways The credit card industry has evolved over time, with the concept of credit usage dating back to ancient times.