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Archive Home > 2008 > October > 02 > 50 years later, credit cards have changed America

50 years later, credit cards have changed America

Plastic has fundamentally altered the way U.S. consumers think about debt and money

By Patrick May / The Bulletin
October 2, 2008

SAN JOSE, Calif. — They called it the Fresno Drop.

Fifty years ago this month, Bank of America mass-mailed to nearly every home in Fresno, Calif., a small piece of plastic called the BankAmericard. The credit card had arrived, a shiny corkscrew for each recipient to unbottle thousands....

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