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What company introduced the first credit card in 1950.

2 Answers

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13 votes

Final answer:

Diners Club introduced the first credit card in 1950.

Step-by-step explanation:

The first company to introduce the first credit card in 1950 was Diners Club. Diners Club was founded by Frank McNamara and Ralph Schneider and it was initially intended for use in restaurants. Later, it expanded to be accepted at other establishments as well. The Diners Club card paved the way for the development of modern credit card systems.

User Steinbock
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3 votes
3 votes

Answer:

the Diners' Club, Inc.

Step-by-step explanation:

The first credit-card-like payment method showed up in 1950 when Ralph Schneider and Frank McNamara founded Diners Club and issued its first cards.

User Gnur
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