Post on Medial

Anonymous

Anonymous

Stealth • 2m

💳 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
Replies (6)

More like this

Recommendations from Medial

Image Description
Image Description

AAQIB JAWWAD

Stealth • 9d

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

5 replies10 likes
Image Description
Image Description

Mamidela Dinesh Kumar

Stealth • 6m

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

10 replies17 likes
Image Description
Image Description

Giggity

Stealth • 5d

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

4 replies3 likes
Anonymous
Image Description
Image Description

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

4 replies3 likes

Giggity

Stealth • 3m

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

0 replies3 likes
Image Description
Image Description

Hemant mewada

Stealth • 1m

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

3 replies4 likes
Image Description

Hawk

 • 

Medial • 4m

Which app do you use to pay for your Credit Card Bills? If your option is not listed then mention it in the comments

1 replies4 likes
Image Description
Image Description

Sagar Sharma

Stealth • 3m

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.

12 replies2 likes
Image Description
Image Description

Aryan patil

Stealth • 8m

Did you know that RuPay credit cards offer up to ₹2 lakh in free personal accident insurance coverage, and up to ₹1.50 lakh in lost card insurance coverage. All RuPay credit cards offer free personal accident insurance and permanent disability cover,

See More
9 replies12 likes
Anonymous
Image Description
Image Description

VC Tales: Rajan Anandan, the celebrated VC, has a penchant for backing game-changers. -His $3M seed in Ola, India's ride-hailing giant, set the stage. -The $2M Series A in Freshworks, now a $10B SaaS unicorn, displayed his foresight. -Rajan's

See More
3 replies14 likes
6

Download the medial app to read full posts, comements and news.