Another early credit card was the Diners Club card, which was created in 1949. Once a businessman, Frank McNamara, went out for an important dinner. While he was out, he realized he had left his wallet at home and was unable to pay for the dinner. Somehow he managed to be able to pay, but had the idea that there had to be other ways. Soon he was working with his business partner and they developed the Diners Club card, which was originally on a piece of cardboard. Just two years later, over 20,000 people had a Diners Club card. It was used mostly for eating and entertainment and was known as a charge card, meaning that the balance had to be paid completely off each month.
American Express had been in existence since the 1850s, but it was not until 1958 that the company introduced their first credit card on a small piece of purple plastic. In all of the history of credit cards, AMEX was the first to use plastic in their material instead of paper or cardboard. Soon, American Express had taken off and became the most widely used credit card in the country. Today, everything from airplane tickets to groceries can be purchased with a credit card. The Internet has expanded the use of credit cards, making them the number one preferred method of payment next to cash.
1. The “Charg-It” card could only be used ________.
A. for eating and entertainment
B. in the southern states of the U.S.
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