The earliest institutions that issued credit cards were not banks, but some department stores, restaurants, entertainment industries and gasoline companies. Customers can buy goods on credit in these chip shops and make an appointment to pay.

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 forgot his wallet and had to call his wife to bring cash to the restaurant to settle the bill. So McNamara came up with the idea of creating a credit card company. 1950 In the spring, McNamara and his good friend Schneider founded DinersClub to provide members with a card that can prove their identity and ability to pay, and members can use this card to collect fees. This kind of credit card that does not need to be handled by a bank is still a commercial credit card.

From 65438 to 0952, Franklin National Bank of California, as a financial institution, issued the first bank credit card.