METHOD AND SYSTEM FOR AWARDING REBATES BASED ON CREDIT CARD USAGE TO CREDIT CARD HOLDERS
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0 Petitions
Accused Products
Abstract
A method and system for awarding rebates based on credit card usage to a consumer credit card holder is provided. A rebate tally is accrued based on a percentage of eligible purchases made by the consumer card holder. The rebate is earned when the consumer card holder makes a qualifying purchase, which may be, for example, an automobile sold by any manufacturer. The rebate program disclosed does not associate the rebate earned with any particular manufacturer. The rebate is paid directly by the credit card issuer to the credit card holder.
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Citations
61 Claims
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1-38. -38. (canceled)
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39. A computerized system for implementing a credit card program rewarding use of a credit card by the credit card holder, comprising:
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a credit card issued by an issuer to a holder, said credit card representing an available line of credit from said issuer for said holder and providing means for said issuer to settle one or more credit card transactions of said holder, a data-processing computer, said computer including a database, said database storing a holder ID and a current balance associated with said holder, said current balance including a sum of all said credit card transactions and any finance or other charges minus any payments by said holder to said issuer and any refunds or other credits, means associated with said computer for determining whether at least one of said credit card transactions made by said holder complies with a set of pre-defined program rules, said pre-defined program rules including objective criteria by which said holder is rewarded based on purchase of at least one of goods and services of any provider of a preselected class of goods or services regardless of whether there is a co-branding relationship between said issuer and said provider associated with said credit card, and regardless of whether the purchase is made using the card, a rebate tally for said holder stored in said database, said rebate tally representing rebate credits earned by said holder based on ones of said credit card transactions that comply with said pre-defined program rules less any rebate payments paid by said issuer to said holder, said rebate tally being automatically updated in said database in response to said ones of said credit card transactions that comply with said pre-defined program rules without notice from said holder and said provider, and a rebate payment from said issuer to said holder based on said rebate tally and being provided without affecting any point-of-sale credit card transactions of said holder, said rebate payment being unrestricted by said issuer and said provider as to use by said holder. - View Dependent Claims (40, 41, 42, 43, 44, 45, 46, 47, 48, 49)
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50. A computerized method of providing a reward to a credit card holder for use of the credit card, comprising the steps of:
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issuing a credit card from an issuer to a holder, said credit card representing an available line of credit from said issuer for said holder and providing means for said issuer to settle one or more credit card transactions of said holder, providing a data-processing computer, said computer including a database, said database storing a holder ID and a current balance associated with said holder, said current balance including a sum of all said credit card transactions and any finance or other charges minus any payments by said holder to said issuer and any refunds or other credits, determining using said computer whether at least one of said credit card transactions made by said holder complies with a set of pre-defined program rules, said pre-defined program rules including objective criteria by which said holder is rewarded based on purchase of at least one of goods and services of any provider of a preselected class of goods or services regardless of whether there is a co-branding relationship between said issuer and said provider associated with said credit card, and regardless of whether the purchase is made using the card, storing in said database a rebate tally for said holder, said rebate tally representing rebate credits earned by said holder based on ones of said credit card transactions that comply with said pre-defined program rules less any rebate payments paid by said issuer to said holder, said rebate tally being automatically updated in said database in response to said ones of said credit card transactions that comply with said pre-defined program rules without notice from said holder and said provider, and paying a rebate from said issuer to said holder based on said rebate tally without affecting any point-of-sale credit card transactions of said holder and without restriction by said issuer and said provider as to use by said holder. - View Dependent Claims (51, 52, 53, 54, 55, 56, 57, 58, 59, 60)
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61. A computerized method for providing a credit card rebate to a credit card holder rewarding the card holder for use of the credit card, comprising the steps of:
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providing a data-processing computer including a database, retrieving information associated with one or more purchases made by a credit card holder using a credit card issued from an issuer to said holder, said credit card representing an available line of credit from said issuer for said holder and providing means for said issuer to settle said credit card purchases of said holder, storing said credit card purchase information in said database, determining using said computer whether ones of said credit card purchases comply with a set of pre-defined program rules, said pre-defined program rules including objective criteria by which said holder is provided with a rebate reward based on the purchase of at least one of goods and services of any provider of a preselected class of goods or services regardless of whether there is a co-branding relationship between said issuer and said provider associated with said credit card, and regardless of whether the purchase is made using the card, calculating a rebate reward credit for each of said ones of said credit card purchases determined to be in compliance with said pre-defined program rules, said rebate reward credit based on at least a portion of the associated one of said credit card purchases that comply with said pre-defined program rules, maintaining a tally of rebate reward credits in said database, and paying a rebate reward from said issuer to said holder based on at least a portion of said tally in response to at least one purchase transaction of said holder that complies with said pre-defined program rules and without intervention of said holder and said provider, said rebate reward payment not exceeding a maximum threshold amount preselected by said issuer and not affecting any point-of-sale credit card purchases of said holder.
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Specification