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Centralized credit interchange system of converting purchase credit awards through credit exchange system for purchase of investment vehicle

  • US 5,970,480 A
  • Filed: 04/14/1997
  • Issued: 10/19/1999
  • Est. Priority Date: 04/14/1997
  • Status: Expired due to Term
First Claim
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1. A method for converting purchase credit awards resulting from a purchase by a consumer of goods or services into an ownership interest in an investment vehicle, the method comprising the steps of:

  • a. crediting an account of the consumer with the credit awards;

    b. accumulating the credit awards in the account; and

    c. purchasing the ownership interest in the investment vehicle on behalf of the consumer with the credit awards in the accounts upon the credit awards reaching a predetermined level, the investment vehicle being subject to appreciation or depreciation.

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