The First Credit Card

 Gain control with your credit card

Do you think your credit card is helpful for you? There is a huge percentage of general people who will answer with yes. Credit card has become an essential element of people’s life over the years. Who doesn’t want to carry cash with them without the hassle of carrying them in bundles? But the concept of credit card is a little different. A credit card contains money, and you are authorized to spend that but that money is not yours. For every withdrawal of money from your credit card, you have to pay an interest on it. The Credit card interest rate is comparatively higher.

The money office is your helpful friend in this case and we are showing you the right path about your financial matters. The money office gives you the contacts of individuals or companies that provide you a solution to your financial issue. When it’s about the credit card, we can show you the right track.

The story on the Evolution of The Credit Card is Interesting and Complicated

This short simple story of what is regarded as the First Credit Card started in 1949 a man named Frank McNamara a US citizen  had a meal at the major Cabin Grill with two friends when the Bill arrived he realised he had left his wallet at home and his friends didn’t have enough money he phoned his wife who turned up with his money he vowed to never be embarrassed again stores had their own customers who had credit with them he took the step of starting a company with his two friends and called it Diners Club Card

A year later he returned to the Cabin in New York and paid the bill with his card  within a year the business was growing with the elite in New York  using their card in many Restaurants and two hotels accepting them and it continued to develop

In  1953 he sold his share of the business to Alfred Bloomingdale  and Ralph Schneider for $200,000 he thought it wouldn’t last so he put his money in Real Estate by 1957 he was broke and died from a heart attack and look where we are now Wonder what he would think of it

Some say the story was not true and was created but there have been some very elaborate ways the companies have made money from the cards some illegal and others very expensive they can change the rules so beware of getting in to silly debts the Legal Side is Madly Complicated

A Credit card is a kind of debt. The money you are spending on a credit card does not belong to you but the bank or providing institutions. You have to pay it back with interest.

And if you are not spending with a particular plan, undoubtedly it will become a hanging rope on your neck. Today you are happily using your credit card here and there, but tomorrow it might be the cause of your cry.

The money office is not telling you to not use credit cards. What the money office tells you is, take the experts’ advice before using a credit card. The people or companies who are dealing with financial matters can tell you what is the best for you. They carefully examine your financial strength and ability and find the best solution for you. They will tell you what to do and what not to do.

The money office is an online-based site that gives you contacts and best deals from the financial companies. The money office, however, does not directly get involved with any transaction. The money office is a good friend for individuals by showing the way of right track.
A Credit card is like a plastic money to the individuals. But if they use it with control, they will gain from it. Otherwise, a huge amount of debt will occur on individuals head. Bank and companies that provide credit cards charge a higher rate of interest on it.

People use a credit card when they badly need to pay on something or they need money to buy immediate goods. They don’t think much at that time. And these decisions can go wrong later. That is the time to think. Think first and be safe. Don’t enter the world of debt abruptly.

Disclaimer: The Money Office are not responsible for contracts that take place between companies and customers.Disclaimer
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