At the time, Frank McNamara, who came up with the idea, and Ralph Schneider, his business partner, were trying to persuade Simmonsto join their new company, Diners Club. The concept of a credit ...

In the late 1940s, businessman Frank McNamara couldn’t pay the bill ... It was the maiden voyage of the Diners Club Card, which represented the first charge card that could be used at multiple ...

According to its own history, the origins of Diners Club - and hence the credit card ... When it came time to pay the tab, businessman Frank McNamara realized he had left his wallet in his other ...

The idea behind the card came during a night when founder Frank McNamara left his wallet in another suit when dining with clients and his wife was forced to pick up the tab. Diners Club has 20,000 ...

In 1950, Frank McNamara, the founder of Diners Club, is said to have become the unofficial creator of the credit card when he invented it out of frustration after dining out and forgetting his wallet.

Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. It’s hard to imagine how disruptive the first Diners Club credit card was when it ...

In 1949, Frank McNamara had dinner at New York’s Major’s Cabin Grill. The bill arrived and he realized he had forgotten his wallet. He worked his way around the problem and came up with an alternative ...

The first "modern" credit card was used by Frank McNamara in 1950 after he forgot his wallet one too many times. Instead, he ...