Google Answers Logo
View Question
 
Q: First wide spread distribution/use of credit cards in Los Angeles ( No Answer,   1 Comment )
Question  
Subject: First wide spread distribution/use of credit cards in Los Angeles
Category: Business and Money > Small Businesses
Asked by: bill110941-ga
List Price: $5.00
Posted: 04 Apr 2004 09:30 PDT
Expires: 04 May 2004 09:30 PDT
Question ID: 324982
I remember my dad getting a credit card in the mail in the late 1950s,
I think it was from Bank of America.  Can you confirm when large
numbers of merchants in the L.A. area started accepting credit cards.
Answer  
There is no answer at this time.

Comments  
Subject: Re: First wide spread distribution/use of credit cards in Los Angeles
From: probonopublico-ga on 04 Apr 2004 09:46 PDT
 
The Bank of America launched the card that would later become famous
as 'Visa' in 1959.

An initial market trial in Fresno was successful and it was then
extended to Bakersfield, Sacramento, Los Angeles and San Francisco.

In October 1959, the Bank decided to expamd through the entire state of California.

Early reports claim that 2,500,000 cards were issued initially and
that there were 100,000 retail outlets.

However, no credible statistics seem to be available before 1961.

Important Disclaimer: Answers and comments provided on Google Answers are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Google does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. Please read carefully the Google Answers Terms of Service.

If you feel that you have found inappropriate content, please let us know by emailing us at answers-support@google.com with the question ID listed above. Thank you.
Search Google Answers for
Google Answers  


Google Home - Answers FAQ - Terms of Service - Privacy Policy