Why Would Anyone Collect Credit Cards?

That’s one question I’m often asked. I generally reply, “What I don’t understand is why doesn’t everyone collect them?” Here are reasons why people do collect credit cards.

1) There is no financial risk. The majority of credit cards are free, such as airlines, department stores, gasoline companies, jewellery stores and many others.

2) This is something anyone can start, no matter how small their budget. Again, the majority of credit cards are free.

3) Little effort is required to start a credit card collection. There is no effort involved to become a credit card collector. Anyone could and should start. It’s as easy as when your cards expire, don’t destroy them. Simply save them.

4) There is a small collector base which allows for future growth. Credit card collecting, at the present time, is a “ground floor” opportunity. Your friends, that you introduce to the hobby, can thank you later.

5) This is an item that is now in the hands of millions of potential collectors. In the United States alone there are over 100,000,000 people who have credit cards!

6) Credit cards are small and portable and can be easily hidden or stored. An entire credit card collection can be inexpensively kept in a safe deposit box.

7) Easy grading. No grading problems with credit cards. They all come from the issuing company in pristine condition. You don’t have to worry about counterfeits either. This is the only collector item I know of where the beginner is not in a precarious position because of their lack of grading skill.

8) Credit cards can become valuable. Credit cards have historical significance. We live in the age of “Easy Credit” and “Plastic Money”. They also have artistic merit. And don’t forget, credit cards are only available in limited quantities. Try calling an issuing company and say, “Send me 20 more cards.” See what response you get. It’s not like numerous hobbies where your only limitation is, “How much do you want to spend?” Also remember, there aren’t giant hoards of credit cards put away. When cards expire, they are generally destroyed, thus creating a true rarity!

I’ve left out some reasons such as pride of ownership, personal satisfaction and just plain fun. Those reasons are discovered once you start collecting.

Copyright 1986 by Greg Tunks

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Frequently asked questions

You can find out the value of old credit cards by checking how much similar cards sell for. There are several ways to do this.

The simplest way to determine the value of old credit cards is to ask an experienced collector. If you submit an inquiry via our contact form, we can connect you with an expert who can assist you and point out if there is anything rare or unusual in your collection.

Alternatively, you can become a member of the American Credit Card Collectors Society. Membership in our credit card collecting club provides access to resources and knowledgeable members who can help. Benefits of membership include access to a gallery containing thousands of cards with historical pricing information, and access to our entire collection of newsletters, from 1994 through the present day.

You can look at recent sales on auction sites, however, there are some considerations to keep in mind when doing this. Firstly, it’s important to look at selling prices, rather than asking prices. Selling prices are the prices people actually paid, while asking prices can be very different. Secondly, historical sales on some sites are only saved for 3 months, so you may not find something that exactly matches what you have. Thirdly, it is sometimes possible to see rare or unusual cards sell for lower prices than they should have because people do not understand their worth, the ads don't do justice to the card, they're listed in the wrong category, or any combination thereof.

There are always people in our club who are actively buying cards. Collectors tend to focus on a niche, like gas cards or retail cards, or they might focus on a slightly broader area, like bank cards or travel and entertainment cards. Many of the rarest or most unusual cards will exchange hands in private sales. Please contact us if you are thinking of selling your collection.

You can also sell your old credit cards on online marketplaces. You will get the highest price if you sell each of your cards individually, although this approach requires the most effort. At the opposite end of the effort scale would be selling all cards as a job lot, an approach which typically results in the lowest price on a per-card basis. Halfway between these two approaches would be to group cards into different categories and to sell these individual groups, e.g., BankAmericard, Master Charge, oil and gas, retail, and so on.

To join the club, visit the membership section and complete the registration form. You can pay by check or PayPal. We offer annual or lifetime memberships. If you have any questions please contact us via the form on our website.

Credit cards are more worthwhile collecting if they are rare, in good condition, have historical significance, or are associated with famous personalities or events. Valuable modern cards might include those that are difficult to obtain, such as American Express Centurion (a.k.a. ‘black’) cards, while older credit cards might include early independent bank cards, American Express, Diners Club, or BankAmericard (Visa) cards from the 50s/early 60s, or Master Charge (MasterCard) cards from the late 60s. Rare or unusual cards can also be sought after, such as those issued in small numbers, like small independent department stores or gas stations, or cards with appealing aesthetics.

Consulting with other collectors or experts in the club can provide valuable insights. Contact us for more information via the form on our website.

We do not offer an appraisal service in a traditional sense (such services are normally a paid service) but we can connect you with an expert who should be able to assist for free and point out anything rare or unusual in your collection. The simplest way to do this is to submit an inquiry via our contact form.

The American Credit Card Collectors Society accepts donations and is most grateful for any we receive. When donations happen, we strive to find good homes for cards where they will be looked after, matching cards with collectors who will appreciate them. The club may charge members a nominal fee for donated cards, and the proceeds are offset against the running costs of our club. We are a non-profit organization. Running costs include expenses like our convention and website hosting. Donations are most popular for people getting out of the hobby, or when someone has inherited a collection and doesn’t know what to do with it.

If you wish to donate your collection, please contact us via the contact form above.

American Credit Card Collectors Society