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

Heartbleed: What Should Your... |
One of the biggest security vulnerabilities has almost every user and every industry...
Why Businesses Need a Next-G... |
Devices investigate patterns that could indicate malicious activity.
Review: HP TippingPoint S105... |
Next-generation firewall can easily replace a stand-alone intrusion prevention system....

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

Businesses Must Step Careful... |
Slow and steady wins the race as businesses migrate IT operations to service providers,...
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...

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

Mobility: A Foundational Pie... |
Other technologies rely on mobile computing, which has the power to change lives, Lextech...
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.

Hardware & Software

Review: HP TippingPoint S105... |
Next-generation firewall can easily replace a stand-alone intrusion prevention system....
New Challenges in Software M... |
IT trends such as cloud, virtualization and BYOD pose serious hurdles for software...
Visualization Can Help Busin... |
Companies need to put their data in formats that make it consumable anytime, anywhere.