Step 1 : Introduction to the question “Which company introduced the first credit card in 1950?“
Diners Club was conceived in 1949 at the Major’s Cabin Grill restaurant in New York City. Frank McNamara, co-founder of Diners Club, realized he had forgotten his wallet at home while dining with clients. That evening, he was inspired to invent the world’s first charge card. The official history of the Diners Club refers to this meal as “The First Supper.” McNamara’s originally intended to create a card that could be used as a means of payment in restaurants around New York City; however, he gradually expanded its use to include hotels, auto rentals, and flower shops across the country. Source: Business Insider
Step 2 : Answer to the question “Which company introduced the first credit card in 1950?“
Diner’s Club:
Diners Club was conceived in 1949 at the Major’s Cabin Grill restaurant in New York City. Frank McNamara, co-founder of Diners Club, realized he had forgotten his wallet at home while dining with clients. That evening, he was inspired to invent the world’s first charge card. The official history of the Diners Club refers to this meal as “The First Supper.” McNamara’s originally intended to create a card that could be used as a means of payment in restaurants around New York City; however, he gradually expanded its use to include hotels, auto rentals, and flower shops across the country. Source: Business Insider
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