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When were debit and credit cards introduced?

Summary:Learn about the history of debit and credit cards and how they have evolved since their introduction in the 1960s and 1950s respectively. Find out how to choose the right credit card and use it responsibly.

Debit andcredit cardshave become an integral part of our daily lives. These plastic cards have made our lives easier by eliminating the need for us to carry cash everywhere. However, have you ever wondered when debit and credit cards were introduced? In this article, we will explore thehistoryof debit and credit cards and how they have evolved over the years.

The Beginning of Debit and Credit Cards

The concept ofdebit cardsdates back to the 1960s when banks began to introduce automated teller machines (ATMs). These machines allowed customers to withdraw cash and check their account balances without having to visit a bank branch. However, it was not until the mid-1970s that the first debit card was introduced.

The first debit card was called the "Charge-It" card and was introduced by a bank in New York called Franklin National Bank. This card was primarily used by local merchants and allowed customers to make purchases without having to carry cash. However, it was not until the 1980s that debit cards became widely accepted.

The Evolution of Credit Cards

Credit cards have been around for much longer than debit cards. The first credit card was introduced in 1950 by the Diners Club. This card was primarily used by businessmen who traveled frequently and needed a way to pay for expenses without carrying cash.

Over the years, credit cards have evolved significantly. Today, credit cards come with various perks and rewards, including cashback, airline miles, and hotel points. Credit card companies have also introduced different types of cards, such as premium cards that offer higher rewards and benefits.

Applying for a Credit Card

If you are interested in applying for a credit card, there are a few things you should keep in mind. First, it is important to choose a card that fits your lifestyle and spending habits. For example, if you travel frequently, a card that offers airline miles or hotel points might be the best option.

It is also essential to understand the fees associated with credit cards. Many credit cards come with an annual fee, which can range from a few dollars to several hundred dollars. Make sure to choose a card that offers benefits that outweigh the annual fee.

Finally, it is crucial to use your credit card responsibly. Make sure to pay your bill on time and in full each month to avoid interest charges and late fees. It is also important to keep your credit utilization low, as this can impact your credit score.


Debit and credit cards have come a long way since their introduction. Today, these cards are an essential part of our daily lives, allowing us to make purchases and access cash without carrying cash. If you are interested in applying for a credit card, make sure to choose a card that fits your lifestyle and spending habits, understand the fees associated with the card, and use your card responsibly to avoid any negative impacts on your credit score.

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