In 1950, the first credit card that could be used at more than one,
specific merchant emerged on the market.  The Diner’s Card,
started by Frank McNamara, was an invention that got its start when
Frank was having a business meeting over dinner, and realized he had
forgotten his wallet at home.  Of course, the man was extremely
embarrassed, and had to call his wife and ask her to bring him his
wallet so he could pay for the bill.  Then the light bulb over his
head turned on, and he thought it would be incredible to have a way to
purchase things wherever people shopped, and pay for them later. 
The Diner’s Card started with 200 card holders, and within a few years-
banks and private companies began offering credit cards.<br>
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Eventually there were so many credit cards to choose from that the
credit lenders had to come up with new ways to stand out from the
competition and entice people to […]

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