Multiple choice general knowledge

Which companies began issuing credit card in 1920 even before Bank does in 1960?

  1. RPL companies

  2. Oil companies

  3. Automobile Companies

  4. Airline Companies
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Oil companies began issuing credit cards in the 1920s, long before banks entered the credit card market in the 1960s. These early oil company cards were initially used to purchase fuel and services at their specific stations. The concept was later expanded by banks with the introduction of general-purpose credit cards like BankAmericard (1960) and Master Charge (1966). Automobile and airline companies did not pioneer credit card issuance.

Keep practicing — related questions