Which company issued the first widely accepted credit card in the U.S.?
1. Sears, Roebuck & Company
2. MasterCard
3. Diners Club
4. American Express
Answer:
3. Diners Club
The Diners Club card is considered the world’s first multipurpose charge card. The idea originated in 1949 when New York City businessman Frank McNamara realized his wallet was in another suit while dining with clients. Designed to replace cash for this kind of expense, members paid an annual fee (initially $5) and businesses that accepted the card paid a 7-10% processing fee.
