How long have credit cards existed?

Answer Credit cards have been around since the 1920's in the United States. Oil companies and hotel chains issued the first credit cards to their customers. John Biggins of the Flatbush National Bank of B... Read More »

Top Q&A For: How long have credit cards existed

Why Do Credit Cards Take So Long to Refund?

Customers have many reasons to use credit cards for purchases of all sizes, from the convenience and security of not carrying cash to rewards points and liability protection. Credit cards also make... Read More »

How long are unpaid credit cards collectable?

The statute of limitations on debt varies from state to state, but the usual time frame before a debt is considered a "zombie" debt is seven years. After seven years, the debt falls off your credit... Read More »

How Long Does Pending Authorization Take on Credit Cards?

When you swipe your credit card to make a purchase, the necessary amount is deducted from your available credit; however, the transaction doesn't actually post to your account for some time. While ... Read More »

The Similarities Between Islamic Credit Cards & Conventional Credit Cards?

The Koran, the holy scripture of Islam, forbids Muslims to charge interest. As with the Hebrew Scriptures, the Koran places lending in the category of charity, and so regards interest as a form of ... Read More »