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First & Merchants BankAmericard Visa

First & Merchants BankAmericard Visa

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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.
Location
Currently not on view
Object Name
credit card
date made
1978
maker
unknown
place made
United States
Physical Description
plastic (overall material)
Measurements
overall: 5.5 cm x 8.5 cm x.15 cm; 2 5/32 in x 3 11/32 in x 1/16 in
ID Number
NU.84.17.10
catalog number
84.17.10
accession number
1984.0606
Credit Line
E. Clain-Stefanelli
See more items in
Work and Industry: National Numismatic Collection
American Enterprise
Coins, Currency and Medals
Data Source
National Museum of American History
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