01. The origin and initial formation of credit cards

When there were no credit cards, it was sometimes inconvenient to buy things. When you needed it urgently, you didn’t have to bring money, even if you did. It is not easy to get money, so in line with the principle of customer first, some department stores, restaurants, entertainment industries and gasoline companies have begun to sell their own service cards. This kind of service card can be purchased on credit within the company and can be used as long as it is paid off on time, which greatly facilitates people's consumption. Later, an American businessman, McNamara, discovered that he had forgotten his wallet when he was entertaining guests for dinner. In desperation, he had to call his wife and ask her to send cash. Imagine such a scene. Not to mention the trouble, you can't pay just by forgetting your wallet. Money was embarrassing enough, so McNamara came up with the idea of ??starting a credit card company.

02. The development of credit cards

Not long after, McNamara and his friends actually founded a credit card company called Diners Club. With the development of credit cards, Two years later, Franklin National Bank in California first issued a bank credit card, which was the prototype of the credit card we use today. Because credit card consumption conforms to the consumption habits of most people, the frequency of using credit cards for consumption reached its peak in the 1950s.

03. Reasons for the development of credit cards

Credit cards were originally a tool used by the service industry to expand sales, but sometimes our needs need to be discovered. The advent of credit cards is exactly Helping people discover this convenient consumption demand, using credit cards to pay is not only much easier when going out without having to carry a lot of cash, but also avoids the embarrassment of borrowing money from relatives and friends at certain times. Sometimes credit cards also come with many preferential treatments. , so the transaction volume of credit cards has continued to increase since the launch of credit cards.

Although more and more people use mobile phones to pay now, this consumption method that is convenient for you, me and others will be more popular with everyone in the future.