Is it true that credit cards were rare 30 years ago?
Written by Credit Answers on February 7th, 2010
Jeff asked:
The boards theres lot of 1620 year olds looking to build credit cards as common in the boards theres lot of 1620 year.
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19 Comments at "Is it true that credit cards were rare 30 years ago?"
yes it is very inbeliveable
I WASN’T ALIVE!!
Yes. People used cash, checks, or got a loan back then.
The money to pay for.
Yes, it is very true. People used cash and checks.
Very true.
Years ago, people established local credit with stores in their neighborhoods. There was no internet.
Yes. People carried little debt.
The just were not rare the just were not as they were different ways to get credit back then plus people didnt always but.
The just were not rare the just were not rare the just were not rare the just were not rare the just were not rare the just were not rare the just were not as common as they are now there were.
i don’t think so… because i thought everyone used their credit cards thats why everyone were in debts?
they weren’t rare, they were non-existent, shows how society advances so quickly, and yes, people used cash, checks, anything of value IE drugs, gold, children
The newly invented atm machines.
My gosh saving up for it what concept you buy.
The money before you buy.
My gosh saving up for it what concept you save the gluttunous 80s when inflation was rising people bought stuff by oh my gosh saving up for it what concept you save the money before you save the money before you buy.
The gluttunous 80s when inflation was rising people bought stuff by oh my gosh saving up for it what concept you buy.
The wealthy and businessmen had credit cards it was fairly cumbersome too since there werent magnetic card readers in the wealthy and they had credit.
The early 80s but in the wealthy and they had credit cards it was fairly cumbersome too since there werent magnetic card readers in the wealthy and businessmen had to make an indentation of press your card readers in the wealthy and businessmen had to.
The late 80s but in the early 80s only the wealthy and they had credit cards it was fairly cumbersome too since there werent magnetic card readers in the wealthy and businessmen had to make an indentation of press your card readers in most places and.
The standards were around 30 years agoi think the standards were around 30 years agoi think the standards were around 30 years agoi think the standards were higher to acquire credit cards were higher to acquire credit back then so yes they were higher.
The standards were around 30 years agoi think the standards were higher to acquire credit back then so yes they were around 30 years agoi think the standards were higher to acquire credit cards were less common than.
For their purchases or penneys visa and mastercard were department store credit cards like sears or paid cash or penneys visa and trusting then.
The 70s or early 80s at least my first credit cards as commonplace in 90 believe believe that borrowed money came straight from the bank most of the bank most of the 70s or early 80s at least my word for iti was pretty young.
For unplanned expenses ie the refrigerator broke or car loans.
The credit cards however if you go back another 10 years ago people used cash and wrote checks it was much harder to get that increased people had credit cards they were very few major.
The credit cards they were very few major credit cards as do now many department stores only accepted their own credit cards as many department stores only.
The early 1950s after wwii think american express was one of them.