2026-09-05
The Credit Card's Product History, and Why It Ranks 4th
On September 18, 1958, Bank of America mailed 60,000 BankAmericards into one city's mailboxes. No applications, no interviews. Delinquency ran past 20% in the first year and the man who ran the project quit within two. In fiscal 2025 Visa alone cleared $13.9 trillion across 257.5 billion transactions. This walks the product history and explains the 95.50 score.
