Credit cards originated in the United States in 1915.

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit.

However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as you go. It could not be in arrears for a long time, and there was no credit limit.

It is said that one day in the 1950s, American businessman Frank McNamara was entertaining guests for a meal in a New York hotel. After the meal, he found that he had forgotten his wallet and had to call his wife to bring cash. Come to the hotel to pay.

Feeling deeply embarrassed, McNamara came up with the idea of ??creating a credit card company. In the spring of 1950, McNamara and his friend Schneider invested US$10,000 to establish the "Diners Club" in New York.

The predecessor of Diners Club. Diners Club provides members with a card that can prove their identity and payment ability. Members can use the card to record their purchases at 27 designated restaurants without having to pay cash. This is the earliest credit card.

This kind of credit card that does not require bank processing is a commercial credit card. In 1952, Franklin National Bank in California, USA, was the first financial institution to issue a bank credit card, becoming the first bank to issue a credit card.

Extended information:

According to the "Measures for the Supervision and Administration of Credit Card Business of Commercial Banks":

Article 92

Commercial banks shall Classified management of credit card risk assets is implemented. The classification standards are as follows:

(1) Normal category: The cardholder can repay the amount payable in full before (inclusive) the due repayment date in accordance with the pre-agreed repayment rules. . ?

(2) Category of concern: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days is between 1 and 90 days (inclusive). ?

(3) Sub-category: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days is 91-120 days (inclusive). ?

(4) Suspicious category: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days is 121-180 days (inclusive). ?

(5) Loss category: The cardholder fails to repay the amount payable in full on the due repayment date according to the pre-agreed repayment rules, and the number of overdue days exceeds 180 days. Under the premise that the business system can support it, the classification operation is legal and compliant, and the classification method and data calculation method have been approved by the China Banking Regulatory Commission and its relevant dispatched agencies.

Encourage commercial banks to adopt more prudent credit card asset classification standards, continue to pay attention to and regularly compare important risk management indicators related to reserve accrual, risk asset measurement and other aspects, and take corresponding measures Risk control measures.

Article 93

Commercial banks shall establish and improve credit card business operational risk prevention and control systems and emergency plans to effectively prevent operational risks. The following risk assets should be directly included in the corresponding categories:

(1) Risk assets caused by cardholders applying for and using credit cards through fraudulent means, once confirmed, should be directly included in the doubtful or loss category. ?

(2) Risk assets caused by internal crimes or internal and external collusion should be directly included in the doubtful or loss category. ?

(3) Risk assets caused by system failures and operational errors should be directly included in the doubtful or loss category. ?

(4) Risk assets that have not yet been repaid after signing a personalized installment repayment agreement should be directly included in the substandard or doubtful category.

Baidu Encyclopedia-Credit Card