Credit cards began to appear in the 1950s. Although it originated from 19 15, the issuer was not a bank at that time. Until 1952, a bank in the United States began to issue credit cards as a financial institution, which means that if you want to shop smoothly in the United States, you can pay by credit card or cash.

The earliest credit card appeared at the end of 19. In the 1980s, the so-called credit card was developed in the British clothing industry, and the tourism and business fields also followed this trend. However, at that time, the card could only be used for short-term commercial credit, and the money had to be paid back as needed. There was no long-term default and no credit line. From 65438 to 0952, Franklin National Bank of California, as a financial institution, issued bank credit cards for the first time, becoming the first bank to issue credit cards.

Development history of credit card

1959, Bank of America issued an American bank card in California. Since then, many banks have joined the ranks of card-issuing banks. In the 1960s, bank credit cards were quickly welcomed by all walks of life and developed rapidly. Credit cards are popular not only in America, but also in Britain, Japan, Canada and European countries. Since 1970s, Hongkong, China, Taiwan Province Province, China, Singapore and Malaysia have also started to handle credit card business.

In the 1960s, credit cards sprouted and developed rapidly in developed countries in Europe and America, such as the United States, Canada and Britain. After more than 50 years of development, credit cards have been widely accepted in more than 95% countries around the world. In 1980s, with the development of reform and opening up and market economy, credit cards, as electronic and modern consumer financial payment tools, began to enter China, and have developed by leaps and bounds in the past decade.