In 1850, the very first credit card was issued. In a merger with Dine as well as Indication, the firm generated a "general purpose" charge card. Unlike today, the Diners Club needed complete repayment of the costs with every statement. Other companies, such as Carte Blanche as well as American Express, adhered to. In 1958, they developed the initial worldwide network of credit cards. These companies at first issued credit card but later developed them with charge card functions.

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