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No, not really. People did buy things on credit-- but this meant they would work out a payment plan and pay for the item in installments. As far as we know, the first bank credit card did not originate in the United States until the mid-1940s, and such credit cards did not become popular (mainly with businessmen) till the mid-to-late 1950s.
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When did credit card protection start?
credit card condoms
What new credit card became available in the 1950s?
Major changes in the nature and types of credit cards occurred in the 1950s. Two types of credit cards emerged in that decade: the charge card and the bank credit card.
Who introduced America's first credit card?
America's FIRST credit card was introduced by "Diner's Club"
Is it possible to get a bad credit history from being denied a credit card because you did not have a credit history?
It is possible that you will show a low credit score if you have no other loans, credit cards, etc. You have to have revolving accounts or other accounts to establish credit. If you are having trouble getting a credit card you can try and get a secured credit card, or have a co-signer help sign with a application for credit.
You are a second credit card holder your cousin issued you credit card because you are new in the USA does this give you points or build your credit history the card with your name and your signature?
Not anymore. This year marks the beginning of a new policy for FICO scores regarding authorized users. It will no longer add positive entries to your credit report.
