The History of Credit Cards

The credit card was born at a time when people struggled to keep track of all the many, many installment loans they had. And actually solved a lot of the problems that consumers had when they had 10, 12, 14 installment loans which we now see is in the big problem today. Most of our customers use Yonda for their day-to-day spending like a debit card experience - paid off monthly, paid off weekly, paid off daily and use it for the benefits of rewards, protection and things like that. But then have the optionality of switching it into borrowing facility as well.

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