Credit cards
Credit cards
Which is the world's first credit card?
Take the Today’s 5 and find out how much you know about the credit card and its origins.
1. Which is the world's first credit card?
a) American Express
b) Diners Club
c) MasterCard
2. Which was the first payment card to be issued in the People's Republic of
a) MasterCard
b) Visa
c) American Express
a) American Express
b) Discover
c) Visa
4. Who introduce the world's first traveller's cheque?
a) American Express
b) Citibank
c) Bank of
a)Visa
b) Discover
c) American Express
1. b) Diners Club
Diners Club: In 1950, the Diners Club issued the first credit card (invented by Diners Club founder Frank McNamara) in the
2. a) MasterCard
MasterCard: In 1987, MasterCard became the first payment card to be issued in the People's Republic of
3. c) Visa.
4. a) American Express:
The company introduced the world's first traveller's cheque in 1891. American Express entered the Credit Card business in 1958 when it issued its first charge card. Within five years, more than 1 million cards were in use at approximately 85,000 establishments within and outside the
5. b) Discover:
Discover Financial Services, a business unit of Morgan Stanley & Co, operates the Discover Card brands. With approximately 4 million merchant and cash access locations, Discover Business Services is the largest independent credit network in the United States with its Corporate Headquarters Riverwoods, Illinois. Discover Card was started by Sears, around 1984. Sears spun off Dean Witter Discover Co. in 1993. Morgan Stanley acquired Discover Card when it merged with Dean Witter in 1997.
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