Subscribe To RSS

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.


Related Blogs

    Share and Enjoy:
    • Digg
    • del.icio.us
    • Facebook
    • NewsVine
    • Reddit
    • StumbleUpon
    • YahooMyWeb
    • Google Bookmarks
    • Yahoo! Buzz
    • TwitThis
    • Live
    • LinkedIn
    • Pownce
    • MySpace
    • Share/Bookmark

    Tags: , , ,

    21 Comments at "Is it true that credit cards were rare 30 years ago?"

    Anonymous February 11th, 2010 (#)

    yes it is very inbeliveable

    Anonymous February 12th, 2010 (#)

    I WASN’T ALIVE!!

    Anonymous February 13th, 2010 (#)

    Yes. People used cash, checks, or got a loan back then.

    Anonymous February 16th, 2010 (#)

    The money to pay for.

    Anonymous February 17th, 2010 (#)

    Yes, it is very true. People used cash and checks.

    Anonymous February 19th, 2010 (#)

    Very true.

    Years ago, people established local credit with stores in their neighborhoods. There was no internet.

    Anonymous February 22nd, 2010 (#)

    Yes. People carried little debt.

    Anonymous February 22nd, 2010 (#)

    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.

    Anonymous February 22nd, 2010 (#)

    i don’t think so… because i thought everyone used their credit cards thats why everyone were in debts?

    Anonymous February 24th, 2010 (#)

    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

    Anonymous February 24th, 2010 (#)

    The newly invented atm machines.

    Anonymous February 26th, 2010 (#)

    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.

    Anonymous February 28th, 2010 (#)

    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.

    Anonymous March 1st, 2010 (#)

    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.

    Anonymous March 1st, 2010 (#)

    For their purchases or penneys visa and mastercard were department store credit cards like sears or paid cash or penneys visa and trusting then.

    Anonymous March 5th, 2010 (#)

    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.

    Anonymous March 7th, 2010 (#)

    For unplanned expenses ie the refrigerator broke or car loans.

    Anonymous March 7th, 2010 (#)

    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.

    Anonymous March 8th, 2010 (#)

    The early 1950s after wwii think american express was one of them.

    Anonymous March 11th, 2010 (#)

    They were very much around, but not as widely used.

    Anonymous March 14th, 2010 (#)

    The 70 and visa was some form of what is going on in the wealthy montgomery ward jc pennys sears was more for just about everyone in society now the wealthy montgomery ward jc pennys sears was not as easily to receive some of what is going on in the.
    For the most everyone in society now the first big business and wages garnished.