Credit cards can usually use one of two ways: firstly as a way to a more or less financial freedom or the other in the dead end of a vicious circle of debt. While users will also enjoy either according to their plastic or despair of a party is always rubbing his hands, namely the financial institution. But you have the credit their dark sides, and everyone knows to blame for credit card bears plights of course also the one who has spent the money too carelessly. An interesting aspect, which is found less often, but the emergence of the credit card.
Learned to walk as the credit
The Credit Card gives its owner a loan according to its name. Which type of loan but is plays no great role. Similarly, there were already in the U.S. in 1894, first card issued by hotels to their best customers. Guests with such a card enjoyed the confidence of hotel management and services could take advantage of without paying them immediately need. Thus, a permanent business guest, for example, could spend a weekend at his favorite hotel and was allowed to pay until the following month. Practically. The thought in the following years, other shops and vendors who followed the model and wanted to retain their trust by issuing a customer loyalty card at their store and of course their performance. In these early days of the credit cards but they were only to certain goods or services tied houses, so that as many people coming around soon a stack of these cards had to put in his pocket, and also ran the risk of the actual cost visibility to lose.
The credit card as we know it today, was only established in 1950. By the card companies realized that they were used very much and also the numbers could be much easier. Correspondingly, two enterprising businessmen had the idea to issue a card that was accepted at several places. Specifically, these were some twenty-four restaurants in New York, the two men were Frank MacNamara and Ralph E. Schneider and the new universal credit card dealt there are those of the Diners Club, as the name suggests, so initially a culinary club to join had to be to enjoy the benefits of the card. The success of these so-called Travel-and-entertainment card credit card, so to speak, and fun travel card was not long in coming, and had even caught the attention of Franklin National Bank in New York State. This followed the example of the “restaurant-club card” and brought in 1951 should provide their own credit card on the market, contrary to the Diners Club just should not only be used for travel and fun, but a cash credit in all types of business. The consumption was generally so taken in attack, where the payments should be easier to handle in every way.
The credit card is about the world
Credit Cards – Cashless payment in the whole business model of WeltDas Diners Club and so that the Travel-and-entertainment credit card was incredibly clever and promising. Thus, the card just put those to target frequent travelers who could build the new, cashless payment option on a target group-oriented network. It provided a map of the international acceptance in industry-specific shops and service providers. According could then pay for flights, hotels, rental cars and restaurant evenings with the Diners Club comfortably, while the bill had to be actually paid until weeks later. The advantages were obvious, and especially companies made good use of the whole new way. More and more companies participated in the network, accepting the card, which can still be used in many places around the world. The success of the Diners Club was everywhere visible in the late 1950s and wanted to participate in another company in the concept. The US-based travel agency American Express, which could make already known as a traveler’s check, exhibitors brought their own travel-and-entertainment credit card to the people and could quickly contribute to the card boom in the mid-twentieth century. To date, both the Diners Club and American Express are the firm favorites for the credit, which is primarily intended for the traveling man. For all other customers then the banks were concerned with their own credit cards.