The History Of Credit Cards [video]

From personalised store credit in the 1800’s to the unrelenting card offers in your mailbox today, credit cards have become an inescapable part of modern life.

This short video by And/Orange shows how they got here:

People born after 1980 may find it hard to believe, but credit cards were not always ubiquitous. credit card

Sure credit has existed for many decades, but not the buy-anything-anywhere-anytime variety familiar to us today.

As far back as the late 1800s, consumers and merchants exchanged goods through the concept of credit, using credit coins and charge plates as currency.

It wasn’t until about half a century ago that plastic payments as we know them today became a way of life.

It wasn’t until the late 1950s that Bank of America  introduced the BankAmericard, the first general purpose credit card which was the forerunner of the plastic payments as we know them today.

Today, 80% of U.S. households own multiple cards, and they account for just under $1 trillion of consumer debt.

You may also want to read: Do you know the history of credit cards.

Also published on Medium.

Want more of this type of information?


Michael is a director of Metropole Property Strategists who create wealth for their clients through independent, unbiased property advice and advocacy. He's been voted Australia's leading property investment adviser and his opinions are regularly featured in the media. Visit

'The History Of Credit Cards [video]' have no comments

Be the first to comment this post!

Would you like to share your thoughts?

Your email address will not be published.



Michael's Daily Insights

Join Michael Yardney's inner circle of daily subscribers.

NOTE: this daily service is a different subscription to our weekly newsletter so...