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Store Credit
Some companies started offering store credit. -
Forgotten Wallet
"In 1949, businessman Frank McNamara forgot his wallet while dining out at a New York City restaurant. It was an embarrassment he resolved never to face again. Luckily, his wife rescued him and paid the tab." -
First Supper
Diners' Club
First time a credit card was used to make a purchage. The first credit card was made of cardboard. -
Plastic
They started using plastic to make credit cards. -
Overspending
britannica
In the late 20th century, credit card use began to increase dramatically, with many customers soon outspending their earnings. -
Bill of Rights
"In April 2009 the U.S. House of Representatives approved the Credit Card Holders’ Bill of Rights, which would provide additional consumer protections and restrict or eliminate credit card industry practices deemed unfair or abusive."
