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Just pay your balance in full each month and you won't care what the interest rate is.

That, BTW, is how credit cards originally were intended to work.


Actually, back in those days they were called "charge" cards, not credit cards. Many retailers also offered charge accounts, with the same expectation of payment.

Down at Phipp's your credit's great.
Ask today for a Phipp's-O-Plate.


In the 50's all the major stores in Kansas City used the Charge-O-Plate for customers' convenience. Each store kept its own accounts, but the customer used one metal plate which each store notched in the location corresponding to its stamping machines at the registers. If you had an account with them your plate would fit. My mother's looked like it had been attacked by rats.

Widespread "revolving" credit eventually wound led us to bank cards, the ancestor of VISA, etc., which I remember first in the late 60's.

Phil
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