First & Merchants BankAmericard Visa

Description
The BankAmericard was introduced by Bank of America in 1958 as the first general purpose credit card. Prior to this, credit cards were either issued by specific retailers or were used for a specific purpose (e.g. Diners’ Club was originally used in restaurants). This was also the first credit card with revolving credit that could be paid down incrementally instead of paying the balance at the end of each month. The idea caught on quickly as other institutions began issuing their own BankAmericards. In 1976 BankAmericard officially became branded as a Visa card.
Object Name
credit card
date made
1978
maker
unknown
Physical Description
plastic (overall material)
Measurements
overall: 5.5 cm x 8.5 cm; 2 5/32 in x 3 11/32 in
place made
United States
ID Number
NU*84.17.11
catalog number
84.17.11
accession number
1984.0606
See more items in
Armed Forces History: National Numismatic Collection
American Enterprise
Coins, Currency and Medals
Exhibition
American Enterprise
Exhibition Location
National Museum of American History
Data Source
National Museum of American History, Kenneth E. Behring Center
Credit Line
E. Clain-Stefanelli
depicted
Sewer, Andy; Allison, David; Liebhold, Peter; Davis, Nancy; Franz, Kathleen G.. American Enterprise: A History of Business in America

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