EPISODE · May 21, 2026 · 6 MIN
How we became addicted to credit cards - Nidhi Upadhyaya
from TED-Ed · host TED-Ed
Dig into the history of credit cards in the United States, and how they have evolved since the 1950s into the industry we know today.--Today, credit cards are a $500 billion-a-year industry. Banks consider these lines of credit when deciding whether or not to approve loans, incentivizing customers to maintain multiple credit cards. So, how did this lending system originate? And how did they get to be so popular? Nidhi Upadhyaya digs into the history of credit cards in the United States.Lesson by Nidhi Upadhyaya, directed by Jeff Le Bars, JetPropulsion.space.Support Our Non-Profit Mission----------------------------------------------Support us on Patreon: http://bit.ly/TEDEdPatreonCheck out our merch: http://bit.ly/TEDEDShop----------------------------------------------Connect With Us----------------------------------------------Sign up for our newsletter: http://bit.ly/TEDEdNewsletterFollow us on Facebook: http://bit.ly/TEDEdFacebookFind us on Twitter: http://bit.ly/TEDEdTwitterPeep us on Instagram: http://bit.ly/TEDEdInstagram----------------------------------------------Keep Learning----------------------------------------------View full lesson: https://ed.ted.com/lessons/a-brief-history-of-credit-cards-nidhi-upadhyayaDig deeper with additional resources: https://ed.ted.com/lessons/a-brief-history-of-credit-cards-nidhi-upadhyaya/digdeeperAnimator's website: https://jetpropulsion.space Music: https://www.campstudio.co----------------------------------------------Thank you so much to our patrons for your support! Without you this video would not be possible! Khalifa Alhulail, Martin Stephen, Jose Henrique Leopoldo e Silva, Mandeep Singh, Abhijit Kiran Valluri, Morgan Williams, Devin Harris, Pavel Zalevskiy, Karen Goepen-Wee, Filip Dabrowski, Barbara Smalley, Megan Douglas, Tim Leistikow, Ka-Hei Law, Hiroshi Uchiyama, Mark Morris, Misaki Sato, EdoKun, SookKwan Loong, Bev Millar, Lex Azevedo, Michael Aquilina, Jason A Saslow, Yansong Li, Cristóbal Moenne, Dawn Jordan, Prasanth Mathialagan, Samuel Doerle, David Rosario, Dominik Kugelmann - they-them, Siamak Hajizadeh, Ryohky Araya, Mayank Kaul, Christophe Dessalles, Heather Slater, Sandra Tersluisen, Zhexi Shan, Bárbara Nazaré, Andrea Feliz, Victor E Karhel, Sydney Evans, Latora, Noel Situ, emily lam, Sid, Niccolò Frassetto, Mana, I'm here because of Knowledge Fight Facebook group., Linda Freedman, and Edgardo Cuellar. Learn more about your ad choices. Visit megaphone.fm/adchoices
What this episode covers
Dig into the history of credit cards in the United States, and how they have evolved since the 1950s into the industry we know today.--Today, credit cards are a $500 billion-a-year industry. Banks consider these lines of credit when deciding whether or not to approve loans, incentivizing customers to maintain multiple credit cards. So, how did this lending system originate? And how did they get to be so popular? Nidhi Upadhyaya digs into the history of credit cards in the United States.Lesson by Nidhi Upadhyaya, directed by Jeff Le Bars, JetPropulsion.space.Support Our Non-Profit Mission----------------------------------------------Support us on Patreon: http://bit.ly/TEDEdPatreonCheck out our merch: http://bit.ly/TEDEDShop----------------------------------------------Connect With Us----------------------------------------------Sign up for our newsletter: http://bit.ly/TEDEdNewsletterFollow us on Facebook: http://bit.ly/TEDEdFacebookFind us on Twitter: http://bit.ly/TEDEdTwitterPeep us on Instagram: http://bit.ly/TEDEdInstagram----------------------------------------------Keep Learning----------------------------------------------View full lesson: https://ed.ted.com/lessons/a-brief-history-of-credit-cards-nidhi-upadhyayaDig deeper with additional resources: https://ed.ted.com/lessons/a-brief-history-of-credit-cards-nidhi-upadhyaya/digdeeperAnimator's website: https://jetpropulsion.space Music: https://www.campstudio.co----------------------------------------------Thank you so much to our patrons for your support! Without you this video would not be possible! Khalifa Alhulail, Martin Stephen, Jose Henrique Leopoldo e Silva, Mandeep Singh, Abhijit Kiran Valluri, Morgan Williams, Devin Harris, Pavel Zalevskiy, Karen Goepen-Wee, Filip Dabrowski, Barbara Smalley, Megan Douglas, Tim Leistikow, Ka-Hei Law, Hiroshi Uchiyama, Mark Morris, Misaki Sato, EdoKun, SookKwan Loong, Bev Millar, Lex Azevedo, Michael Aquilina, Jason A Saslow, Yansong Li, Cristóbal Moenne, Dawn Jordan, Prasanth Mathialagan, Samuel Doerle, David Rosario, Dominik Kugelmann - they-them, Siamak Hajizadeh, Ryohky Araya, Mayank Kaul, Christophe Dessalles, Heather Slater, Sandra Tersluisen, Zhexi Shan, Bárbara Nazaré, Andrea Feliz, Victor E Karhel, Sydney Evans, Latora, Noel Situ, emily lam, Sid, Niccolò Frassetto, Mana, I'm here because of Knowledge Fight Facebook group., Linda Freedman, and Edgardo Cuellar. Learn more about your ad choices. Visit megaphone.fm/adchoices
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How we became addicted to credit cards - Nidhi Upadhyaya
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