Credit Card Origins
In September 1958, Bank of America launched a groundbreaking experiment in Fresno by distributing credit cards to locals, aiming to revolutionize payment systems. Joseph, a longtime banker, expressed skepticism about credit due to concerns over interest and debt. The concept of credit was not new, but its implementation in this manner marked a significant shift in consumer behavior and business practices.In this clip
From this podcast
99% Invisible
The Fresno Drop
Related Questions