UNIT 8 CREDIT AND DEBIT CARDS
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Credit Cards
had their origin right from 1800s.
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The first
universal credit card that could be used at a variety of stores and businesses
— was introduced by Diner's Club Inc., in 1950.
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Citibank and
HSBC were the pioneers in the Indian credit card market in the 1980s
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Among the
public sector banks, Andhra Bank, Bank of Baroda were the early starters
followed by Bank of India.
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The minimum
qualifying Credit Card score is fixed as 50 by the public sector Bank.
