The First Credit Card Ever (2016)

Re:The First Credit Card Ever (2016) by ginko on Monday December 23, 2019 @07:15AM (#21863156)

> The cardholders would be charged nothing, the restaurant would receive 93 percent of the total, and Diners Club would get the rest.

I personally found this a bit more startling. How did they convince restauranteurs in 1950 that this was a good value proposition for them?

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Re:The First Credit Card Ever (2016) by ceejayoz on Monday December 23, 2019 @10:02AM (#21863963)

"Let's order another few bottles of wine."

"Can't, we didn't bring enough cash with us."

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Re:The First Credit Card Ever (2016) by jacquesm on Monday December 23, 2019 @08:33AM (#21863472)

Reduction of theft from the till risk.

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Re:The First Credit Card Ever (2016) by dsfyu404ed on Monday December 23, 2019 @07:27AM (#21863197)

Probably something to the tune of "people who regularly expense meals for business make up a large portion of our membership so what you lose in margin you more than make up for in volume."

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Re:The First Credit Card Ever (2016) by lotsofpulp on Monday December 23, 2019 @07:33AM (#21863224)

Also, the people paying with card are less likely to care about pricing, so they can simply charge higher prices.

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