A card used as a method of payment is known as Credit card. Credit card is a payment card issued to users. Card holders can pay for goods and services provided that the holder will pay for them later. The size of most credit cards have rounded corners with a radius of 2.88–3.48 mm and their specification is 85.60 mm × 53.98 mm. These specifications conforms to the ISO/IEC 7810 ID-1 standards. They are of the same size as ATM cards and other payment cards, such as debit cards. Credit cards have a printed or embossed bank card number which also complies with the ISO/IEC 7812 numbering standard. The card number's prefix is called the Bank Identification Number. It is the sequence of digits at the beginning of the number that determine the bank to which a credit card number belongs, the next nine digits are the individual account number, and the final digit is a validity check code.


The first card launched was VISA in 1975, but the history tracks back to 1958 when Bank of America launched the first successful recognizably modern credit card in in Fresno, California. The card name was BankAmericard. BankAmericard changed its name to Visa in 1975. Before Credit Card, charge cards were introduced. A credit card is different from a charge card in a way that a charge card requires the balance to be paid in full each month. Charge card was first used in the 1920s, in the United States. Western Union had begun issuing charge cards to its frequent customers in 1921.

In 1966, the ancestor of MasterCard was born when a group of banks established Master Charge to compete with BankAmericard. Master card received a significant boost when Citibank merged its proprietary Everything Card (launched in 1967) into Master Charge (now known as Master Card) in 1969. The original banks behind MasterCard were United California and the Bank of California. In 1979, Master Charge The Interbank Card was renamed simply MasterCard.

Bank of America is a financial services corporation and an American multinational banking. Its headquarters is situated in Charlotte, North Carolina. As of 2013, Bank of America, by total revenue, is the twenty-first largest company in the United States and the second largest bank holding company in the United States by assets. In 2010, Forbes listed Bank of America as the third biggest company in the world. Bank of America provides its products and services through operating 16,300 ATMs, call centers, 5,100 banking centers and online and mobile banking platforms.