Economy project by Mafe Abello

mafeabello3 — 2019-08-28 15:31:02 UTC

They occur in 1950 by Mr. Frank MacNamara who, being at a business dinner, realizes that he leaves the money at home so he comes up with the great idea of creating a card which would be in cardboard and would only have the name of owner and settling where I could use them.

reyescuellaremelyjohan — 2019-08-29 23:59:10 UTC

thus allowing the way to make payments in 27 restaurants in New York be facilitated but this generated competition so in 1958 the first international credit card called american express is created by the american bank

reyescuellaremelyjohan — 2019-08-30 00:13:48 UTC

This card had a great reception so that this bank in 1965 reached some agreement with other banks to associate and that they use their card although this caused the other banks to join and create a new card called master charge or master card.

reyescuellaremelyjohan — 2019-08-30 00:48:06 UTC

The creation of these cards allowed the transactions to be easier to withdraw since now they would not have to deposit their money in a box but now it would be on that card and could be withdrawn by going to an ATM where only the password and sumo are entered that you want to withdraw and in minutes have the money in your hands.

reyescuellaremelyjohan — 2019-08-30 01:01:30 UTC

Also that you can also buy products from other countries just by entering the card number.

Advantages

reyescuellaremelyjohan — 2019-08-30 01:22:16 UTC

reyescuellaremelyjohan — 2019-08-30 01:25:27 UTC

Its use has been extended in Internet purchases. It is increasingly common for people to buy and make payments online with this medium. You can make hotel reservations, purchase airline tickets, among others

evolution

reyescuellaremelyjohan — 2019-08-30 01:26:24 UTC

reyescuellaremelyjohan — 2019-08-30 01:31:47 UTC

You run fewer risks when carrying a credit card than carrying cash. It is extremely dangerous to walk with cash.

reyescuellaremelyjohan — 2019-08-30 01:35:55 UTC

If you need to withdraw money or make an urgent purchase, your card will always be available. Having one can be a great help in case of emergencies.

reyescuellaremelyjohan — 2019-08-30 01:40:21 UTC

Obtain benefits. Special discounts, points or prizes programs, payment terms to months without interest, among others.

reyescuellaremelyjohan — 2019-08-30 01:42:17 UTC

Possibility of choosing payment terms. You can have large amounts of money and define how long you want to pay it, with the corresponding interest.

Disadvantages

reyescuellaremelyjohan — 2019-08-30 01:45:19 UTC

reyescuellaremelyjohan — 2019-08-30 01:46:16 UTC

You run the risk of not being able to control your expenses. Having the card always at hand can lead you to borrow more. Self-control is essential to avoid inconvenience.

reyescuellaremelyjohan — 2019-08-30 01:50:52 UTC

If your credit card is lost or stolen, you will have some problems. In this situation it is necessary that you make the corresponding complaint. Remember that buying a card for the card can avoid future problems.

reyescuellaremelyjohan — 2019-08-30 01:53:31 UTC

Some commissions for different operations may be too high. Think twice before performing additional operations.

reyescuellaremelyjohan — 2019-08-30 01:56:59 UTC

Interest payable when choosing to settle the installment debt. Of course, interest increases the final cost of the purchase.

reyescuellaremelyjohan — 2019-08-30 01:58:49 UTC

You will be entitled to additional charges if you do not pay within the deadlines or only pay the minimum amounts requested.