A forgotten wallet sparked the first credit card
In 1950, a forgotten wallet at a New York restaurant led to the world's first credit card payment, forever changing how we dine and shop.
The world's first credit card transaction happened on February 28, 1950, at Major's Cabin Grill in New York City. Businessman Frank McNamara, after an embarrassing wallet-less dinner, created the Diners Club card with Ralph Schneider. This simple cardboard charge plate allowed users to sign for meals and settle bills monthly.
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