Plastic+Money

Credit cards or plastic money in its early years were used for only one specific store or chain of stores. The cards would help make customer loyalty which mean keeps the same customers with you company along with new ones. The first bank credit card was the "Charg-It" made by master card in 1946 by John Biggins a banker in Brooklyn. When the customer used the card the bill was forwarded to Biggins' Bank and then the bank reimbursed the merchant and got payment from the customer. The catch was that you had to only use the "Charg-It" locally and also you had to have an account from the Biggins' Bank to use the card. The credit card we know today has evolved from this "Charg-It' card.

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