System and method for providing extra lines of credit
First Claim
1. A method, implemented using a computer, for providing at least one extra credit line to an existing credit card account, comprising:
- determining, using the computer, a target customer group from a set of customers, wherein each customer in the set of customers holds an existing credit card account issued by a credit card issuer;
determining, using the computer, a target time to send an additional financial card product to each customer in the target customer group;
defining, by the computer, one or more attributes associated with the additional financial card product; and
sending, using the computer, the additional financial card product to each customer in the target customer group at the target time.
2 Assignments
0 Petitions
Accused Products
Abstract
A system and method for upgrading existing credit cards with additional lines of credit is disclosed. Credit information associated with customers holding credit cards issued by a credit card issuer are analyzed to determine a level of risk associated with each customer. One or more extra line of credit may be established for selected customers based on the determined level of risk associated with each customer. Each extra credit line may be exclusively associated with a selected set of vendors that have a partnership agreement with the credit card issuer. The credit card issuer may allow customers to select vendors to be associated with the extra credit line or may automatically choose vendors for selected customers. Customers with established extra credit lines may purchase goods and/or service directly from vendor sites or at the credit card issuer'"'"'s web sites. Purchases at selected vendor sites may be automatically applied to a customer'"'"'s newly established extra credit line. Additionally, a customer may choose to apply purchases to their extra credit lines or their primary line of credit.
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Citations
24 Claims
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1. A method, implemented using a computer, for providing at least one extra credit line to an existing credit card account, comprising:
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determining, using the computer, a target customer group from a set of customers, wherein each customer in the set of customers holds an existing credit card account issued by a credit card issuer; determining, using the computer, a target time to send an additional financial card product to each customer in the target customer group; defining, by the computer, one or more attributes associated with the additional financial card product; and sending, using the computer, the additional financial card product to each customer in the target customer group at the target time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A non-transitory computer-readable medium including instructions for performing a method, when executed by a processor, for providing at least one extra credit line to an existing credit card account, the method comprising:
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determining, using the computer, a target customer group from a set of customers, wherein each customer in the set of customers holds an existing credit card account issued by a credit card issuer; determining, using the computer, a target time to send an additional financial card product to each customer in the target customer group; defining, by the computer, one or more attributes associated with the additional financial card product; and sending, using the computer, the additional financial card product to each customer in the target customer group at the target time. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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17. A system for providing extra credit lines to credit cards with existing lines of credit, comprising:
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a central processing unit; a memory unit, communicatively connected to the central processing unit and containing instructions that are executed by the central processing unit to perform a method comprising; determining a target customer group from a set of customers, wherein each customer in the set of customers holds an existing credit card account issued by a credit card issuer; determining a target time to send an additional financial card product to each customer in the target customer group; defining one or more attributes associated with the additional financial card product; and sending the additional financial card product to each customer in the target customer group at the target time. - View Dependent Claims (18, 19, 20, 21, 22, 23, 24)
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Specification