I was a little bored one day and thought I’d try to find fifty fun facts about credit cards that I didn’t know before hand and put them all in once place for you all to munch on and enjoy over the weekend. Some of the things I already knew, like the AMEX Centurion card has a $2500 annual fee and a $250,000 annual spend requirement, but others I didn’t, like how American Express started off as a shipping company and later branched out into financial services.
I broke the fun facts into these general categories: Historical Nuggets (with subcategories for each major card company), Useful Things That Make You Go Hmmmm…, Technobabbliciousness, Legal Ways You’ve Been Hosed & Un-Hosed, and Department of Holy Crap They Make A Ton of $$$$$. Historical Nuggets obviously covers the history of cards and the various companies. The Useful Things That Make You Go Hmmmm… covers some useful consumer information that may one day come in handy in your daily life. Technobabbliciousness covers some interesting facts about the technology behind credit cards. Legal Ways You’ve Been Hosed & Un-Hosed covers various court rulings and other legalese that explain why the environment is the way it is (like ridiculous fees and interest rates!). Finally, Department of Holy Crap They Make A Ton of $$$$$ is just a collection of mind-boggling statistics that should make you think twice about starting your own credit card company.
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