Money

From Metal to Contactless: The History of Credit Cards (Infographic)

History of Credit Cards

When were credit cards popularised?

The history of credit cards is rich.

It goes back by over 138 years.

The first product of its kind was introduced by Provident Clothing Group in the form of a voucher.

And now there are contactless credit cards, which not only prevent millions of more trees being chopped around the world but also speed up transactions.

According to Sainsbury’s Bank, “the first credit cards [were] introduced in the U.S. by oil companies and hotel chains”.

And according to CreditCards.com, there are 1.8 billion Mastercard and Visa debit cards in the World.

When did people begin utilizing plastic? 

Find out below.

History of Credit Cards 2015

Infographic Source: Sainsbury’s Bank Blog

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Derin Cag

Derin Cag

Founder of Richtopia