What is the first credit card company named?
-
Dinners Club
-
American Express
-
Andhra Bank
-
None of the above
A
Correct answer
Explanation
Diners Club was the first independent credit card company, founded in 1950 by Frank McNamara. The concept emerged after McNamara forgot his wallet at a restaurant in New York. American Express launched its card in 1958, and Andhra Bank is an Indian bank, not a credit card company.