First Bank Credit Card
The inventor of the first bank-issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York.
In 1946, Biggins invented the "Charge-It" program between bank customers and local merchants. The way it worked was that merchants could deposit sales slips into the bank and the bank billed the customer who used the card.
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- In 1950, the Diners Club issued their credit card in the United States. The Diners Club credit card was invented by Diners Club founder Frank McNamara as a way to pay restaurant bills (1950). A customer could eat without cash at any restaurant that would accept Diners Club credit cards. Dine...
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