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Fabulous Friday Fact - Women’s History Month

Humashankar VJ
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March 15, 2024

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Happy Friday Everyone! I hope everyone took advantage of whatever springtime weather showed up in your town this week.

To Celebrate International Women’s Day and Women’s History Month I have a fun credit card fact.

In 1950 the first credit card with issued – it was called the Diner’s Club card. Frank McNamara conjured up the idea when he was in New York for dinner and had forgot his wallet at home. He and his business partner Ralph Schneider would invent the Diners Club as a way to pay without carrying cash.

BUT

It wasn’t until 1974 with the passing of the Equal Credit Opportunity Act that a women could be issued a credit card.

Today:
• US women have open more credit card accounts (4.5) compared to US men (3.6)
• US men have a higher credit card balance ($6,357) compared to US women ($6,232) on average
• The average credit score for US women is 704 compared to 705 for US men
• 2012 there was an Amendment to the CARD Act – the amendment allowed for stay-at-home mothers to access credit on their own. Women were recognized to have an equal share in the household income which would allow her to be extended credit.

What a great point to celebrate - hope everyone like it!!

Have a fantastic weekend Everyone!

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Amanda Barber
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March 15, 2024

Here are a couple of other interesting Women's History Month reads!

As a runner, I love this: 5 Female Pioneers of Running You Have to Know

And, of course, we need to celebrate women in tech! Women’s History Month: Women In Tech

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Barbara Szczesniak
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March 18, 2024

@Amanda Barber I'm not a runner, but I am a woman in tech and greatly enjoyed this article. Thank you for the link.

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Laurie Sciutti
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March 15, 2024

wow.  24 year span before a woman was "allowed" a credit card.  that's wild.  Thanks for the post, @Humashankar VJ ~ interesting stuff!

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Brant Schroeder
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March 20, 2024

@Humashankar VJ This was a really cool documentary by Netflix that came out this month in celebration of women's history month Mercury 13 

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Alex G March 22, 2024

Didn't know about this documentary, thank you!

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Summer_Hogan
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March 22, 2024

Super interesting facts @Humashankar VJ! Love reading these! Happy Friday to you and everyone! 

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Dan Breyen
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March 23, 2024

Thanks for that information.

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Malka Jackson [Isos Technology]
Marketplace Partner
Marketplace Partners provide apps and integrations available on the Atlassian Marketplace that extend the power of Atlassian products.
March 29, 2024

In June 1983, Sally Ride became the first woman to go to space. The engineers wanted to know if 100 tampons would be enough for her one-week flight. 

 

https://historycollection.jsc.nasa.gov/JSCHistoryPortal/history/oral_histories/RideSK/RideSK_10-22-02.pdf

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