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Podcast: Today In History with The Retrospectors
Episode: Inventing The Credit Card
Description: Rerun: Diners Club, the world’s first credit card, was used for the first time at Major’s Cabin Grill in New York City on February 8th, 1950. Perhaps at odds with the debonair image the company went on to cultivate, the first iteration was made of cardboard, and required three signatories. Frank X McNamara claimed to have invented the product after previously dining at Major’s and realizing to his horror that he’d left his wallet at home. By the end of their first year in business, Diners Club signed up 42,000 card holders.In this epis...