In 1950, the first credit card was released. It was called The Diners’ Club Card*, and for a $3 annual fee it allowed members to cashlessly access restaurants and hotels in New York City. In the first year 10,000 people joined the program.
*The Miners’ Club has no affiliation with Diners’ Club, or any financial institution, the name is used for informational purposes only and implies no endorsement by or for Diners’ Club or its affiliates.
