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
Students supported him to get on a flight to Los Angeles for an audition that changed his life.
21 hours ago
She shared a video that demonstrated how she got fed up with the slow-moving line at Walmart and decided to take action.
1 day ago
Celebrity Week on "The Price is Right" allows celebrities to play games that the show is known for.
1 day ago
She saw that the woman taking instructions from someone on the phone and noticed something was wrong.
1 day ago
The moment became unforgettable for audiences, and the presenter was appreciated for his recovery.
2 days ago
Even without the raise, Oliver remains one of the top-paid faces on American television.
2 days ago
The story resonated with thousands of fans who made sure to set things right for the hardworking man .
3 days ago
After O'Leary and Rodriguez made offers, Cuban also joined Greiner to make an offer.
3 days ago
The Home Depot staffer requests the individual's tax-exempt number, which the individual declines.
4 days ago
She also called out Walmart after describing how she was feeling about wearing unwashed clothes.
4 days ago
Like any struggling young actor in the 80s, White was looking for any opportunity to appear on TV.
4 days ago
The man bought three tickets but left the last one at the counter and the man on the counter just checked it out of curiosity.
5 days ago
Perry's comments about splitting bills and the women being the breadwinner did not go down well with many.
6 days ago
The woman finally asked for help from a worker at Walmart and found out more alarming details.
6 days ago
Walmart worker confronts the return scammer, sparking a viral debate on ethical consumer behavior.
7 days ago
She was only offered $6,600 as a “goodwill gesture” for being the winner. 
Dec 6, 2024
The man from New Jersey bagged the reward when he was in the studio just as a member of the audience.
Dec 5, 2024
Viewers were left scrambling for an explanation until the glitch was fixed during a re-run later that year.
Dec 5, 2024
The person who originally listed the property later explained the logic behind the design.
Dec 5, 2024
Later, she finally found a way to get rid of the Tahoe after three years of paying $1,400 a month.
Dec 5, 2024