The social effects of credit cards

Charge It When American Express and the Diners club first launched their idea for a credit card they had no idea how it would affect the rest of the Twentieth Century. It was originally an agreement between a couple of upscale New York City restaurants to give their customers a sort of tab; however, it didn't revolutionize the way we spend money until many years later when the magnetic strip was put on the back. …

…advertise their services on radio and television. The credit card has had a bigger impact on the way we live our lives than we may realize. It has made life easier for some and harder for others, but it is a part of who we are. We have become a society dependent on credit cards, internet shopping, etc.. I feel that when they are used with discretion they are considered a great contribution to society.