ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / ECONOMY & WORK

Iconic Burger King video from 1993 shows the epic reaction of people to its new payment method

The news clip has left people wondering how far credit cards have come.
UPDATED AUG 22, 2024
Cover image source: A Burger King restaurant. Getty Images | Photo by Michael Smith
Cover image source: A Burger King restaurant. Getty Images | Photo by Michael Smith

A blast from the past is reminding people how different credit cards were in the early 90s. A video of a 1993 news segment about people reacting to Burger King allowing credit card payments has gone viral. The reaction of the Burger King customers surprised modern viewers who are accustomed to the mode of payment. 

Screenshots from the video | TikTok | @noesox
Screenshots from the video | TikTok | @noesox

The video shared by @neosox on TikTok shared a segment from reporter Jamie Costello's piece for Baltimore's News Channel 2. In the clip, the journalist goes around interviewing people at a local Burger King to gather their thoughts on paying for fast-food orders with a credit card.

People appear to be rather shocked by the move thinking not many will be using credit cards for fast food. "I think it's pretty bad if you have to use a credit card when you go to a fast-food restaurant, for something as little as $3.10," one woman told the reporter. 

Screenshots from the video | TikTok | @noesox
Screenshots from the video | TikTok | @noesox

The reporter then says that the company argues credit cards will save cashiers from calculating how much change they need to give back. Meanwhile, one man expressed concern over the transactions taking too long. "People are going to have to call New York and get the confirmation or, you know, whatever it is. Because, when I want a Whopper, I want it now," the man said. 

In a reaction video, financial expert, author and host of the Ramsey show explained that in the early 90s, it did take a long time for credit card transactions to go through. He explained that people often needed to call the office in New York to establish a connection and verify their card and credit balance for the transaction to take place.



 

Meanwhile, one man rightly pointed out one positive thing that would come of it. "If I use my GM card, I get a five percent rebate. If I eat here long enough, I'll be able to buy a pickup truck," the man said, referring to the credit card benefits. 

Some other interviewees expressed neutral views saying that "it is just another way of spending money", and that it would work well for people on vacations. In the end, Costello says that the smallest credit so far has been for $2 and the largest was just over $10, with a look of despair on his face. 

Screenshots from the video | TikTok | @noesox
Screenshots from the video | TikTok | @noesox

The comment section made it clear how the times of changed for credit cards. "30 years later, nobody knows how to count back change bc we all use our cards," quipped one user @debfrizzell. "Credit card for everything. Just pay it off every month," added another user @zeke7474

Screenshot from the comments | TikTok | @krem1992
Screenshot from the comments | TikTok | @krem1992

Meanwhile, others pointed out how cheap fast food was back then compared to the current inflation-ridden prices. "'The largest, just over $10.' What?! That’s the minimum now," suggested user @dusty.green.

Screenshot from the comments | TikTok | @vaaleeth
Screenshot from the comments | TikTok | @vaaleeth

According to the Daily Mail, it was inappropriate to use credit cards for small purchases in the 1990s. However, the report cited a 1989 article in the Orlando Sentinel that said a shift in credit card usage was expected in the coming decade.

That's exactly what happened. By 2022, credit cards become one of the primary methods of payment accounting for 31% of all payments according to the Federal Reserve Bank of San Francisco. While things have changed for credit cards, Costello, the reporter from the iconic clip has remained with the network, 30 years on. 

For more such interesting videos, follow @noesox on TikTok.

RELATED TOPICS BURGER KING
MORE ON MARKET REALIST
"She was THAT close to win the bonus round, just ran out of time. That’s gotta hurt," a fan reacted.
6 hours ago
There are reasons for potential buyers to be positive but one has to be wary.
2 days ago
The story of the Lalonde twins will surely go down in the show's history after recent events.
2 days ago
The audience in the studio had a great time watching this round play out.
2 days ago
Several of these retailers have seen an increase in revenue as a result.
2 days ago
Former Biden administration Commerce Department Secretary Gina Raimondo has joined Costco.
2 days ago
The retailer had issued a voluntary recall for the products a few weeks back.
2 days ago
"I hope the bonus round wins tomorrow so that we have 3-5 this week," a fan reacted.
3 days ago
The company has said that this was a way they were looking at to improve delivery service.
3 days ago
There is a chance that the administration can utilize certain legal pathways to keep the tariffs.
3 days ago
The hilarious round saw host Steve Harvey shocked into silence on a few occasions.
3 days ago
Ramsey offered insights into how millionaire couples build wealth.
3 days ago
Many have stood with the President in support of the move but there are some naysayers.
3 days ago
Scammers are getting smarter by the day and one always needs to be wary about them.
4 days ago
She did her best but her choice of letters was not good enough.
4 days ago
Shoppers are urged to be wary of the product and throw them away if purchased.
4 days ago
Despite their point of difference, both masters of trivia have a lot of respect for one another.
4 days ago
The product in question contained peanuts, a known allergen, and was mislabeled.
4 days ago
In an interview, Pichai stated that organizations will need to work through the disruption.
4 days ago
The money from the donation will go to millions of children and will help them be financially secure.
4 days ago