cover of episode The Numbers Game: How credit cards were born

The Numbers Game: How credit cards were born

2025/4/17
logo of podcast Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian

Shownotes Transcript

The story of the credit card began in 1950, when business executive Frank McNamara had an unexpected moment of realization after forgetting his wallet during a dinner with clients.

This simple mistake led to the creation of the Diners Club card, the first modern credit card, which allowed users to buy now, pay later.

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