Money Article

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

History of Credit Cards

The history of credit cards is rich. It goes back by over 135 years. The first product of its kind was introduced by Provident Clothing Group in the form of a voucher. And now there’s 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 U.S. by oil companies and hotel chains”. And according to, 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 2015Source: Sainsbury’s Bank Blog

Richtopia uses cookies to give you the best online experience. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Use.