In 1850, the initial bank card was released. In a merger with Dine and Indicator, the firm produced a "basic purpose" credit card. Unlike today, the Diners Club called for full settlement of the bill with every statement. Other firms, such as Carte Blanche and also American Express, complied with. In 1958, they developed the very first globally network of credit cards. These firms originally issued charge cards however later on created them with charge card features.

To make an…