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)
296 people took part in our 0% balance transfer offer poll. 55% of those who were polled said that they always switch credit cards at the end of a 0% balance transfer offer. Another 16% said that they 'sometimes' switch.
The remaining 29% of people said that they don't switch at the end of an introductory 0% offer. Of this 29%, almost two thirds said they didn't move their balance to another card because they couldn't be bothered. The other third said that they forgot to transfer their balance.
