In 1950, the Diners Club issued their credit card in the United States. The Diners Club credit card was invented by Diners' Club founder Frank McNamara & it was supposed to pay restaurant bills. A customer could eat without funds at any restaurant that would accept Diners' Club credit cards. Diners' Club would pay the restaurant & the credit card holder would repay Diners' Club. The Diners Club card was at first technically a charge card than a credit card since the customer had to repay the whole amount when billed by Diners Club.
First Bank Credit Card:
The inventor of the first bank issued credit card was John Biggins of the Flatbush National Bank of Brooklyn in New York. In 1946, Biggins invented the "Charge-It" program between bank customers & local merchants. Merchants could deposit sales slips in to the bank & the bank billed the customer who used the card.
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