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The American Express Card was introduced in 1958, marking a significant evolution in the payment card industry. This year is notable because it represented not only the launch of a charge card by American Express but also a pivotal moment in the progression of consumer credit options available at the time. The introduction of the card allowed for greater convenience in conducting transactions, as it enabled cardholders to make purchases without immediate cash payment, thus transforming daily spending habits. This innovation came amidst a growing economy where consumer spending was on the rise, contributing to the expansion of charge cards beyond the originally limited scope of travel and entertainment.
In contrast, the other years listed do not correspond to the launch of the American Express Card. While 1945 may align with earlier financial services offered by American Express, it does not correlate with the specific introduction of the card. The years 1965 and 1970 are also unrelated milestones in payment card history but did not see the American Express Card's debut. Therefore, 1958 is the definitive year when American Express established its charge card, setting the stage for future developments in the credit and payments industry.