How the Process of Getting a Credit Card is Changing With The Times

How the Process of Getting a Credit Card is Changing With The Times

From credit coins and charge plates to cardboards, credit cards do have a rich history.

It all began in the 1800s when merchants use credit coins and charge plates as a way to extend credit to local farmers until they collected their profit from their harvest.

It was then in 1958 when American Express launched its first credit card made of cardboard and a year after the plastic credit card came to life.

As you can see, the evolution of credit cards is fascinating! But what about the process of getting one?

Here’s the thing… in the old days, getting a credit card or approval for credit card payment involves a laborious process.

What’s the evolution of credit cards throughout the years?

In modern times, it only takes a second to use a card to pay for a purchase. However, before electronic credit cards were invented, transactions were handled using paper receipts and manual card imprinter. That was very slow and not so secure!

Here’s a timeline showing the evolution of credit cards and how the process of getting one has changed through time:

  • Early 1900s to 1940s. Credit cards were made of paper, cardboard, and metals. It is used by oil companies and retail stores to issue credit.
  • 1950s. Plastic travel cards and entertainment cards were issued by American Express. Cardholders are required to pay off the balance each month to continue using the card.
  • 1973. Electronic credit card processing was invented. It enables merchants to look through the users’ bank information to ensure they have enough credit for the purchase.
  • 1986. Discover® card was launched with a TV commercial during the Super Bowl XX. It offers the very first cash reward programs without an annual fee.
  • Today. Credit cardholders can use their cards all over the world and across the country. Cardholders have the flexibility to pay off their balance each month or make monthly payments that are in line with their budget.

With this brief timeline, we can gather that applying for a credit card is getting easier for everyone. You can easily get one in a few minutes without the hassle of carrying something bulky. Credit cards nowadays are handy and weightless!

How to get a credit card?

Here’s how to get a credit card:

  • Shop around to find the best offer on credit cards. Compare different credit cards to see which one has the best offer. Also, it’s worth checking out your emails to see if there are interesting credit card offers. For example, you should respond to capital one mail offer because they always have the best offers.
  • Know the terms and conditions. Of course, before getting too serious, make sure to read the terms and conditions of the credit card company. Understand every item before filling out forms and submitting the application.

Final Words

The process of getting a credit card is becoming easier nowadays. You can apply for one; get approval in as little as 60 seconds, and voila, you can expect to get the card in two weeks.

Also, the evolution of credit had changed through time which makes it a lot easier for people to get one and for merchants to transact with their clients.

It’s convenient to have a credit card as you can use it when you go shopping, dining out, pay for movies, and many other things.

However, it also comes with risks and the commitment to paying it monthly. So, make sure to only apply for a credit card if you really need it.

Which Tech Companies have the Best Customer Service in 2020

Customer service is a major part of any company. It can make or break small businesses and is the difference between successful cooperation and a failed one. And in our increasingly digital world it all too easy for people to exchange stories and information about their customer service experiences. This means companies can no longer coast on by. They are under the public eye. So in this new digital frontier, what companies have the best customer service? We are going to look at the companies that top the charts in this category.

Just Eat

A lot of people would first think of big companies such as Amazon or YouTube. But we are starting off looking at the food delivery company. Just Eat has become one of the most beloved and used food delivery apps in the world. And part of this is due to their fantastic customer service method. They seem to have adopted a ‘Customer First’ attitude towards complaints. They will often refund customers without question and THEN look into the claims, rather than forcing customers to sit around waiting for a refund after an investigation. They also have a fantastic automated set up to handle customer requests and make sure the service is functioning as intended. In this world where the food delivery industry is booming, Just Eat is fortifying their place amongst the top companies.

Fully Verified

As a small business owner myself, I often have to deal with a lot of customer data and KYC systems. KYC, or Know Your Customer, is a method of entering and gathering customer information to store and utilise. It can be a tricky system to use and I decided to outsource the whole method. I had to move between a few different companies due to poor customer service until I found the one for me. My go to KYC service for now is Fully-Verified.com. Their customer service is beyond compare. They are able to helpfully set up the KYC service to your exact specifications and they offer comprehensive and helpful support almost all hours of the day. For small businesses or growing businesses, this company is the one to turn to if you want peak customer service.

Sony

Sony has stepped its customer service up a notch this year. Not always being known for having the best customer service, the tech giant and creators of the Playstation, have realised they need to change. And they did just that. Firstly they have been giving more back to their gaming community by improving the support methods available to them and providing more free goodies to their loyal fanbase. For those using their more general products, Sony has expanded its customer service hours and staff available to make sure everyone that needs support gets it. Many people have already praised Sony for this incredible turnaround and the company plans to keep up the momentum into 2021

Uber

Following a lot of public criticism, scandal and major issues with license issues, Uber had to claw its way back into public favour. And they have tried to make 2020 the year they bring it all back. They started off by improving the customer safety features available during a ride. Customers now have more control over their rides and greater tracking potential. This also works both ways towards the drivers too. They now have more control over what jobs they take and greater safety features for themself.  On top of all this, Uber has improved their general customer service facilities. They are investing more money into creating a stronger customer service team that are available to customers at all hours of the day.