Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders. Cardholders can overdraw within the prescribed limit. Credit cards are usually 85.60 mm long, 53.98 mm wide and 65,438+0 mm thick. They are plastic cards with special carriers. Name, expiration date, number and cardholder's name are printed on the front, and chip, magnetic stripe and signature strip are printed on the back.
The earliest credit card appeared at the end of 19. From 65438 to 1980s, the so-called credit card was developed in British clothing industry, and the tourism and business departments followed this trend. But at that time, credit cards could only be used for short-term commercial credit loans, and funds should be paid on demand. They can't be in arrears for a long time, and there is no credit line. In 1950s, Manhattan credit expert McNamara dined in a restaurant. Because there was not enough money, he had to ask his wife to send it. This made him feel embarrassed, so he organized the Dalai Club. Members bring their meal cards to the designated 27 restaurants for consumption without paying cash. This is the earliest credit card. Franklin National Bank was the first bank to issue credit cards, followed by other American banks.
It is said that one day, Frank McNamara, an American businessman, entertained guests in a restaurant in new york. After eating, he found that he had forgotten his wallet. Embarrassed, he had to call his wife and take cash to the restaurant to settle the bill. So McNamara came up with the idea of creating a credit card company. 1In the spring of 950, McNamara and his friend Schneider invested 10000 USD to establish Dinka Club, the predecessor of Dinka Company, in new york. The club provides members with a card, which can prove their identity and ability to pay. Members can use this card to keep accounts and spend money. This kind of credit card that does not need to be handled by a bank is still a commercial credit card.