Visa's journey begins in 1958, the year that Bank of America launched the first consumer credit card program for middle-class consumers and small to medium-sized merchants in the U.S. It didn't take long for the company to grow—the company expanded internationally in 1974, and introduced the debit card in 1975.
Then, when did charge cards begin?
The first universal credit card, which could be used at a variety of establishments, was introduced by the Diners' Club, Inc., in 1950. Another major card of this type, known as a travel and entertainment card, was established by the American Express Company in 1958.
When was the first Visa card issued?
There had been a dozen attempts by small American banks, but none of them were able to last very long. In September 1958, Bank of America launched the BankAmericard in Fresno, California, which would become the first successful recognizably modern credit card.
When was the first modern credit card?
"Diners Club", the First Credit Card (February 1950) In February 1950 the Diners Club issued the first "general purpose" credit card , invented by Diners Club founder Frank X. McNamara. The card allowed members to charge the cost of restaurant bills only.
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