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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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Q: Was there a credit card in the 1920s?
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