History of Credit Cards

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

When were credit cards popularised?

The history of credit cards is rich.

It goes back by over 138 years.

Provident Clothing Group introduced the first credit card product in the form of a voucher.

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

The first credit cards [were] introduced in the U.S. by oil companies and hotel chains. – Sainsbury’s Bank,

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

This page was last edited on September 4, 2020.