The Quiz: Which company introduced the first credit card?
American Express made the first plastic credit card in 1959 and it was quickly followed by Bank of America, Carte Blanche, Diner’s Club, and other newly formed credit card companies.
In 1966, the landscape of the credit card market was changed again when Bank of America released the first card with a revolving credit feature called the BankAmericard—a namesake credit card from Bank of America that still exists today as the BankAmericard® credit card. It was the first credit card to be accepted in all states in the continental United States. BankAmericard and several other regional companies were united to form Visa, and it would become the most widely used payment processor in history.
The correct answer to this quiz is the American Express Company.