Method and system for managing a mortgage rebate transaction card account
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United States of America Patent
Stats
-
Apr 10, 2012
Grant Date -
Sep 25, 2008
app pub date -
May 23, 2008
filing date -
Nov 13, 2003
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method and system of managing a mortgage rebate transaction card account in which a transaction card provider computes a mortgage rebate amount based on the amount of charges incurred against the account and periodically arranges for application of the mortgage rebate amount against a mortgage loan balance for the cardholder. The account is provided by the transaction card provider in connection with either a pre-existing mortgage loan of the cardholder or a prospective mortgage loan of the cardholder. Further, the account can be provided in connection with a mortgage loan from any mortgage lender regardless of the existence or non-existence of an affiliation or association between the transaction card provider and the mortgage lender.
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