Tactical Advice

A Visual History of the Credit Card

The seed for the idea of payment by card was planted way back in 1887.

If you're one of the many who've ditched cash in favor of credit or debit cards, you are not alone.

While payment by credit/debit card is ubiquitous today, it's actually a relatively modern marvel. Making its debut back in the 1950s, the credit card has increasingly become the default form or payment for consumers as it beats cash on several points.

First, it weighs less. Carrying a credit/debit card with $1,000 on is a lot easier than carrying around $1,000 in actual bills.

Second, it's traceable. Credit card payments produce statements that can tell you exactly the time and place of where you made your purchase. With cash, your only option is to hold on to your paper receipt, which as we all know, are easily lost or discarded.

Third, it's more secure. If a hacker gets a hold of your credit card information, the bank can freeze the card to prevent further purchases and work with the cardholder to refund any fraudulent charges. If a thief gets a hold of your cash, however, good luck recovering the funds.

Credit Sesame, a loan aggregator, compiled the data on the history of credit cards into a useful infographic.

The evolution of credit cards

Sign up for our e-newsletter

About the Author

Ricky Ribeiro

Online Content Manager

Ricky publishes and manages the content on BizTech magazine's web site. He's a writer, technology enthusiast, social media lover and all-around digital guy. You can learn more by following him on Google+ or Twitter:

Security

Why Cloud Security Is More E... |
Cloud protection services enable companies to keep up with security threats while...
Securing the Internet of Thi... |
As excitement around the connected-device future grows, technology vendors seek ways to...
Tools to Maintain Mobile Sec... |
Far-flung devices pose serious challenges, but a variety of technologies can help protect...

Storage

The New Backup Utility Proce... |
Just getting used to the Windows 8 workflow? Prepare for a change.
How to Perform Traditional W... |
With previous versions going unused, Microsoft radically reimagined the backup utility in...
5 Easy Ways to Build a Bette... |
While large enterprises have the resources of an entire IT department behind them, these...

Infrastructure Optimization

Why Cloud Security Is More E... |
Cloud protection services enable companies to keep up with security threats while...
Ensure Uptime Is in Your Dat... |
Power and cooling solutions support disaster recovery and create cost savings and...
The Value of Converged Infra... |
Improvements in security, management and efficiency are just a few of the benefits CI can...

Networking

Securing the Internet of Thi... |
As excitement around the connected-device future grows, technology vendors seek ways to...
How to Maximize WAN Bandwidt... |
Understand six common problems that plague wide area networks — and how to address them.
Linksys Makes a Comeback in... |
The networking vendor introduced several new Smart Switch products at Interop this week.

Mobile & Wireless

Now that Office for iPad Is... |
After waiting awhile for Microsoft’s productivity suite to arrive, professionals who use...
Visualization Can Help Busin... |
Companies need to put their data in formats that make it consumable anytime, anywhere.
Linksys Makes a Comeback in... |
The networking vendor introduced several new Smart Switch products at Interop this week.

Hardware & Software

Visualization Can Help Busin... |
Companies need to put their data in formats that make it consumable anytime, anywhere.
The Tools That Power Busines... |
Ever-evolving analytic software can greatly improve financial institutions’ decision-...
XP-iration Date: Today Is th... |
It’s officially lights out for Windows XP as an operating system. Here’s how the world is...