In 1850, the initial charge card was released. In a merging with Dine and Indicator, the business created a "general purpose" credit card. Unlike today, the Diners Club required complete repayment of the costs with every statement. Various other companies, such as Carte Blanche as well as American Express, complied with. In 1958, they created the first globally network of credit cards. These business initially issued charge cards however later created them with charge card…