What credit card did Frank McNamara start?

Answer Frank McNamara, a businessman, started Diners Club (now called Diners Club International) in 1950, a year after forgetting to bring his wallet to a restaurant in New York City called Major's Cabin ... Read More »

Top Q&A For: What credit card did Frank McNamara start

When did the credit card industry first start?

The first universal consumer credit card was issued by Bank of America in 1958. The card featured a revolving credit line and was made available to about 60,000 people in Fresno, California. The Ba... Read More »

When does the statute of limitations start on bad credit card accounts in Louisiana?

The state of Louisiana limits the time debt holders have to sue for owed debts. A closed credit card account is a contract and the limit for contracts is 10 years. For a credit card account that's ... Read More »

Is it standard practice to charge credit card fees when paying by credit card?

While some businesses charge a fee when customers pay by credit card, it is against their merchant agreement with the credit card company, such as Visa or MasterCard. If you encounter a company th... Read More »

Does a secured credit card look just like a regular credit card?

A secured credit card differs from a standard credit card in the fact that the borrower must make a deposit to the credit card company to protect the company from the likelihood of default. Merchan... Read More »