Object 3: Credit Card
May 27, 2021
This credit card was issued in 2009 from the United Arab Emirates. These were seen as a new way of handling money in contrast to using physical notes and coins. Technological advancements have made using and spending money easier, as all transactions are carried out through a plastic card, inevitably changing our view on monetary value.
Our current technological knowledge has allowed us to develop a contactless card that can transfer money via our phones. These advancements have made spending money easier than ever before; the model we use now stemmed from the first credit cards, quite like the one being exhibited. They differ from traditional spending and is a continually growing global phenomenon that has become a modern element in today’s society. Unlike physical money, they do not have a ruler or nation stamped on them; this illustrates how it has become a part of the global financial system, rather than a national one. However, the pattern on this card resembles ones found in mosques and is a general cultural symbol for the people of the Middle East, where Islam is the main religion worshipped there.
This credit card enriches the exhibition as it shows how our current technological knowledge has developed through time, as it was a steppingstone for the credit cards of today. It could even be argued that it has changed our understanding of the value of money for the better, as it shows us how intrinsic value has developed from rare earth metals, such as gold coins, to plastic cards like this credit card. There is no longer any intrinsic value in this card, however, it carries more value due to economic inflation, and with a single plastic card one can pay in thousands compared to notes and coins.