Bank Credit-card and Check-Credit plans

One way in which banks have expended their participation in consumer installment credit is through the extension of Credit-card and Check-Credit plans to many of their customers. After the mid-1960s, Bank Credit-card and Check-Credit plans were the most dynamic growth components of total consumer credit offered by commercial bank. some smaller banks had tried these plans earlier, and some larger banks initiated them in the late 1950s, but it was not until around 1965 and later that these plans grew significantly across the country.