|BRITISH CREDIT CARD SYSTEM
The British credit card system developed largely in the wake of the American credit card system. Credit cards began in the United States with the issuance of department store and gasoline cards. What is known as the credit card industry, however, really began to develop with the introduction of travel and entertainment cards—Diners Club, American Express, and Carte Blanche—in the late-1940s and early-1950s. American travel and entertainment cards were introduced into Britain in the 1950s.
General purpose credit cards, the backbone of the credit card industry, were introduced in the United States in the early-1960s. General purpose credit cards are those which, as their name implies, may be used to pay for a wide variety of goods and services