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Method for administering a credit card with a finance charge waiver period

  • US 20020165808A1
  • Filed: 03/05/2001
  • Published: 11/07/2002
  • Est. Priority Date: 03/05/2001
  • Status: Active Grant
First Claim
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1. A method of administering a credit card account, comprising:

  • defining a finance charge waiver period for each debit to the credit card account, the finance charge waiver period comprising more than one billing cycle;

    determining, for each debit, whether a finance charge waiver period associated with a debit has expired; and

    adding, to a set of billed charges, all debits for which the finance charge waiver period has expired, wherein finance charges accrue against all debits for which the finance charge waiver period has expired.

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