Credit card history
Credit card had a similar concept as early as the middle of18th century.
But it was not until the early 20th century that the form of physical cards appeared.
At the beginning of the 20th century, American AutherMorris invented the credit card, which is made of metal.
Although the distribution target is limited and the use place is limited, it does attract large enterprises to launch credit cards because it advertises "enjoy first, pay later". 1924 General Oil Company of the United States issued the "Petroleum Credit Card", which was originally used as a VIP card for employees and specific customers of the company. Because of the good response, it was later popularized to the general public as a means to promote oil products.
In the fierce competition, other oil companies have also launched various credit cards.
Since then, the credit card market has flourished, and other industries, such as telephone, aviation and railway companies, have also introduced credit cards to attract customers.
However, due to the economic panic in the United States, many card issuing companies suffered losses due to bad debts and credit card fraud, which hindered the credit card business. During World War II, the Federal Reserve Board of the United States ordered the prohibition of credit cards during the war.
It can be said that the embryonic form of modern credit card was formed after the advent of DinersCard in 195 1.
The card company of the diner pays the cardholder in advance and charges the merchant a handling fee.
This model has been used to this day.
The scope of stores has gradually extended from catering industry to general retail industry and tourism-related industries.
From 65438 to 0959, AmericanExpress began to issue cards, and with rich travel experience, it successfully expanded its business scope to areas outside the United States.
/kloc-The development of credit cards in the 1950s not only established the consumption that cardholders do not need to pay in cash, but also established the model that card-issuing banks charge merchants discounts, and also provided a revolving credit payment method, which made cardholders pay flexibly and banks increased interest income.
Later, cardholders gradually got used to using revolving credit, and the development of bank credit cards began to flourish.
1976, Citibank pioneered the annual fee for credit cards, breaking the long-standing practice of not charging annual fees to cardholders. It did cause a sensation at that time, but it also saved banks from living beyond their means.
Later, the annual credit card fee became an industry practice, and ATT Company was exempted from the annual fee. As the biggest selling point, it is expected to enter the credit card market.
Therefore, many bank credit cards now have an annual fee and an annual fee-free system.
The development history of VISACard
From 65438 to 0959, Bank of America in Los Angeles extended its credit cards to all of California.
At 1965, American commercial banks began to expand their national business, issuing a BankAmericard with blue, white and gold stripes every other year and authorizing its trademark to be used by other banks.
In order to expand their business, American commercial banks set up the National Bank of America (NBI), and transformed banks that use authorized trademarks into non-holding members of NBI.
However, BankAmericard, with a strong American flavor, was not favored by foreign banks, and finally it was officially renamed Visa at 1977.
Development history of MasterCard
1967 "American western bank card"
WSBA, an association of four California banks, plans to launch MasterCard.
Later, because the association joined the inter-bank card association, it was awarded the right to use MasterCharge. By 1970, the Inter-bank Card Association officially obtained the patent right of MasterCharge.
In order to expand the international market, MasterCharge was renamed MasterCard on 1978.
At the beginning of MasterCard's establishment, Visa was the main competitor. After years of competition, these two credit card organizations have developed into international organizations with more than 6.5438+0.4 million special stores around the world, and the international market share of MasterCard and Visa cards exceeds 80%.
The service it provides has become an indispensable payment tool for consumers today.
What is the origin of credit cards?
What is the origin of credit cards?
Credit cards originated in America in the early 20th century. They are made of metal, and their distribution objects and use places are quite limited. 195 1 year meal card came out, which laid the embryonic form of modern credit card. At that time, the cardholder only needed to show the card when spending, and Diner's Card Company paid for the account and then charged the cardholder money. Because of convenience, credit card business has gradually expanded to hotels and airlines, and card issuers have also expanded from Dinka Company and American Express Company to banks.
1965, BankofAmerica, which developed credit card business, began to expand its credit card business, and licensed its trademark to other banks in the following year. BankAmericard with blue, white and gold patterns was released at that time. Since then, Bank of America has further expanded its credit card business outside the United States. However, because BankAmerican was too Americanized and unpopular with foreigners, 1977 BankAmerican officially changed its name to visa, which was also the first official credit card.
The real popularity of credit cards in Taiwan Province Province has only been nearly ten years. International credit card organizations such as visa, MasterCard, jcb, Diners Card and AmericanExpress are trying to seize this vast market.
Credit cards originated in American business and catering industry. 19 15 years, in order to expand sales, attract business and facilitate customers, some shops and restaurants in the United States adopted a "credit chip", which was similar in shape to a metal badge and later evolved into a card made of plastic as proof of customers' shopping consumption. This is the earliest credit card sprout in the world. In 1950s, with the rapid development of capitalist economy, the level of personal consumption was greatly improved, and the wide application of computer and communication technology in banks provided a good environment and conditions for banks to develop credit card business. 1952, Franklin National Bank of California issued its first bank credit card. By 1959, more than 60 banks in the United States had issued credit cards. By the 1960s, credit cards were also popular in Britain, Japan, Canada and European countries. Since 1970s, some developing countries and regions have also started to issue credit cards, such as Hongkong, Taiwan Province, Singapore and Malaysia. At the end of 1970s, China's foreign economic and cultural exchanges were expanding day by day. In this context, many people brought the credit card, a popular payment method abroad, to China. In order to meet the needs of reform and opening up, some domestic banks began to set foot in credit card business. During the period of 1978, Bank of China Guangzhou Branch took the lead in signing an agreement with Bank of East Asia and began to act as an agent for overseas banks' credit card business. Through agency and experience, Zhujiang Card was issued by Zhujiang Branch of Bank of China on 1985. 1986, Bank of China issued the Great Wall Credit Card, which filled the blank in the financial history of China. When the People's Bank of China carried out the reform of bank settlement system on 1988, credit cards were brought into the new bank settlement system as a new settlement method, which laid the foundation for the further development of credit cards in China. The history of credit cards can be traced back to the early 20th century, the birthplace of credit cards (America). But at that time, the cards were all made of metal, and the distribution items were limited, which was limited to some places. For example, 1924, General Petroleum Company of the United States launched petroleum credit cards for employees and specific customers, which were presented to customers as VIP cards as a means to promote petroleum products. Later, it was also issued to the general public, which attracted other oil companies to follow up because of its good effect. Telephone, aviation, railway companies and other industries have followed suit, and the credit card market has become active. The development of credit cards has suffered two setbacks. First, during the great American economic panic, many companies suffered losses due to bad debts and credit card fraud. Second, during World War II, the Federal Reserve Board banned the use of credit cards during the war. However, none of these can stop the development of credit cards. At that time, the use of credit cards was limited, and the rudiment of modern credit cards was basically available until 195 1 came out. When the cardholder shows this card for consumption, there is no need to pay cash. Instead, Dinka will save money for the cardholder and ask merchantdiscount, and then charge the cardholder a monthly fee. Its business scope has gradually expanded from the initial restaurants to hotels, airlines and other tourism-related industries and general retail stores. With its rich travel experience, AmericanExpress began issuing cards on 1958 and expanded its business scope to areas outside the United States. At this time, sensitive bankers also feel the convenience of credit cards. /kloc-in the 1950s, nearly 100 banks joined the ranks of issuing cards. However, due to the limited business volume, they were confined to the local area and did not charge annual fees to cardholders, making ends meet. A number of banks have withdrawn one after another, and only small and medium-sized financial institutions survive on the edge of profits. These surviving banks began to seek innovation and change. For example, BankofAmerica in Los Angeles, 1959 began to promote credit cards throughout California; The First National Bank of San Francisco, also located in California, was computerized in the same year. During this period, the bank also provides a revolving credit payment method, which makes cardholders pay more flexibly and the bank has more interest income. After that, cardholders gradually got used to using circle credit, and the development of bank credit cards began to flourish.
Understand the meaning of credit card installment unrecorded amount.
That is, you always have to deduct what you have already paid and what you want to continue to pay. Simply put, how much money do you have left is the amount that has not been recorded in this issue.
What is the "black gold credit card" of a credit card?
The black credit card named Ultima of Citibank and the black credit card named Centurion of American Express Company were launched in 1999, which was called "the king of cards" by the insiders. Some people say that only with this kind of black card can we fully show the "distinguished identity" of the card owner.
Bank credit card.
Guangfa My Guangfa Card 2W only provides business cards, work permits and ID cards. I am not a civil servant, but the design director of an ordinary company.
About credit cards, please.
Hello, the last thousand is overdrawn with interest. If you can't repay on time, you can't apply for a credit card.
I suggest you go to the counter to increase the quota. In your case, it is no problem to raise the quota to 5 thousand. If you want to increase the quota. Improve your financial ability.
I wish you a happy life.
20 points for handling credit cards in Henan ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
No problem. If there are no outlets, you can download the application form online, fill it out truthfully and mail it to the credit card center. In your case, the quota application of 10000 may not be 100%, and 5000 is absolutely no problem.
What is the cvv of the credit card?
The security code of credit card is also called cvv code and cvv2 code. It means that the signature column on the back of the credit card has seven digits, and the last three digits are the security code of this credit card.
What is the CVC of the credit card?
Introduction of credit card verification code CVC:
CVC(CardVerificationCode) is an additional code printed on the back of a credit card, also called CVV(CardVerificationValue), which is the verification value of a credit card, and some are called CID, which is a credit card security code or a personal security code. All names refer to the same verification code.
The display position is on the back of the credit card, and the top of the signature is displayed in italics. The first four digits are, and the last three digits are the verification codes for commercial banks to ensure the security of bank card passwords. CVV2, CVC2, CVN2 and CSC2 are verification codes, which are used by bank cards for transactions in indirect credit card consumption occasions, such as online payment. CVV2, CVC2, CVN2 and CSC2 can identify whether there is a bank card transaction. It can generally be seen in the last three digits of a series of signature columns on the back of bank cards. The UnionPay standard card organized by UnionPay is called CVN2, MasterCard is called CVC2, VISA is called CVV2, and AE American Express is called CSC2. The principle of generating the verification code corresponding to its name is the same, but the names of different institutions are different.
Development history of credit card
The development history of credit card:
The earliest credit card appeared at the end of 19. From 65438 to 1980s, the so-called credit card was developed in British clothing industry, followed by tourism and business departments.
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.
It is said that one day in 1950s, Frank McNamara, an American businessman, entertained guests in a restaurant in new york and found that he had forgotten his wallet after eating.
Embarrassed by having to call his wife and ask her to bring cash to the hotel, McNamara came up with the idea of setting up a credit card company.
1 In the spring of 950, McNamara and his friend Schneider jointly invested110,000 US dollars to set up the Diners Club, the predecessor of Diners Credit Card Company, in new york.
Diners' Club provides members with a card that can prove their identity and ability to pay. With this card, members can spend money in 27 designated restaurants without paying cash. This is the earliest credit card.
This kind of credit card, which does not need to be handled by a bank, belongs to commercial credit card. 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.
Extended data:
Credit cards are a bit:
1, you can spend without overdraft, and you can enjoy an interest-free period of 20-56 days to repay the principal and interest on time without any charge.
2. It is not only safe and convenient to swipe your card when shopping, but also a bonus gift.
3. Special merchants who hold cards in banks can enjoy preferential treatment.
4. Accumulate personal credit, add a credit record to your credit file, and benefit for life.
5. National access is barrier-free, and you can withdraw money or spend money on ATM and POS machines with UnionPay logo.