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Anonymous

Stealth • 3m

💳 In 1949, Frank McNamara was dining in New York and, having forgotten his wallet, couldn't pay for his meal. 🍱 This inconvenience prompted him to create a payment card for use in various places without cash. In 1950, McNamara, along with his partners, founded Diners Club, which issued cards for payment in partner restaurants. At the end of the month, clients would receive statements and settle their debts. 🍽️ By the end of 1950, Diners Club had 20,000 clients and partnered with 285 restaurants. Interestingly, the first concept of a credit card was proposed in 1946 by banker John Biggins from Brooklyn. However, his idea didn't gain widespread traction. 💳 Thus, McNamara's everyday inconvenience led to the creation of the first mass-market credit card, changing the world of finance. 🪙

6 replies8 likes
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AAQIB JAWWAD

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i met a guy today his credit card limit was 40 lakhs 🥴

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Adding UPI to credit card is the ultra pro max definition of making one more poor. Would you take upi enabled credit card ?

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getting a credit card in india is really tough even when you have a good salary you won't get a credit card because of no credit score don't you think this is a hurdle

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Hey I am new to credit card game, purchased a product from flipkart I have some doubts regarding repayment Do i need to manually repay loan in credit card section of my bank app or it will automatically debit? I’m using canarabank credit card

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Gaurav

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it's idea work in india. loan settlement company! doing credit card, personal settlement in 40-50%

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Giggity

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How much salary do i need to get if I wanted a credit card in HDFC Bank

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I am selling credit cards nowadays but I am facing problem with client like how can I know who is looking for the credit card

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I'm build a platform where diners can easily find and book tables an online or offline mode while restaurants increase their visibility on their restaurant by showcasing their restaurant on the platform.

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