The first credit cards were given out in 1950 to just 200 people. They were only accepted in 14 restaurants in New York.
Source: About.com (http://history1990s.about.com/
od/1950s/a/firstcreditcard_1.htm)
Our NEW poll is here, and this month we are interested in how you are currently using your credit cards.
In the middle of October, we reported on some research results claiming that over one million homeowners have withdrawn money on their credit cards to pay their mortgage or other essential bills.
We are interested to see if this is still the case, especially with Christmas only 49 days away.
Essential bills could be anything from mortgage or rent payments to payment on other credit cards. It will basically include anything that you are lawfully or contractually obliged to pay every month, or things you need to have a basic standard of living, including food and other groceries.
Using a credit card to pay for these monthly essentials will include both withdrawing cash on your credit card from an ATM and using your card to pay for the bills as 'purchases'.
Voting is simple – just choose your answer and click submit.
Click the link to compare credit cards
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