Reward system and method for cash replacement system
First Claim
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1. A method for rewarding a cardholder holding a cash replacement card based on usage of the card over a period of time comprising the step of:
- issuing said cardholder a cash replacement card maintained in user account in the name of the user maintained by a financial institution;
recording transactions when said card is used by said user at said financial institution;
awarding the cardholder an interest in a commodity not available to the general public based on usage of the card wherein said commodity has a known history of increasing in value over time; and
recording said interest in said user account maintained by said financial institution.
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Abstract
A reward system and method for cash replacement cards wherein a card is issue by a bank or other financial institution to a cardholder. Such a card may be a credit or debit card and provides for a reward, not available to the general public, to the cardholder, based on his or her usage, in the form of a commodity that has a known history of increasing in value over time, such as diamonds.
13 Citations
23 Claims
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1. A method for rewarding a cardholder holding a cash replacement card based on usage of the card over a period of time comprising the step of:
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issuing said cardholder a cash replacement card maintained in user account in the name of the user maintained by a financial institution; recording transactions when said card is used by said user at said financial institution; awarding the cardholder an interest in a commodity not available to the general public based on usage of the card wherein said commodity has a known history of increasing in value over time; and recording said interest in said user account maintained by said financial institution. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A system for rewarding a cardholder holding a cash replacement card based on usage of the card over a period of time comprising:
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cardholder user account means maintained in a financial institution relating to said user; card issuing means in said user account at said institution for issuing a cash replacement card to the cardholder; reward program means associated with said card for awarding the cardholder an interest in a commodity associated with said card not available to the general public based on usage of the card whereon said commodity has a known history of increasing in value over time; and reward program recording means associated with said user account at said financial institution for recording said cardholder'"'"'s interest in said commodity. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20, 21)
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22. A system for rewarding a saver or investor who has deposited funds in a savings or investment account based on the amount of money in said account, comprising:
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an account recording means in a financial institution maintained by said financial institution for the benefit of said saver or investor; issuing an account card to said saver or investor associated with said account maintained by said financial institution; reward program means associated with said account card for awarding the cardholder an interest in a commodity associated with said card not available to the general public based on the amount of money in said account whereon said commodity has a known history of increasing in value over time; and a reward program recording means maintained by said financial institution for recording interest in commodities obtained by said saver or investor. - View Dependent Claims (23)
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Specification