Patent ID: 8156039
Filing Date: 2012-04-10
Classification: G06Q

Abstract:
1. A computer-implemented method of managing a mortgage rebate transaction card account, comprising: determining by a computer, according to pre-defined credit card application score parameters, that a mortgage loan applicant qualifies for the mortgage rebate transaction card account; offering the mortgage rebate transaction card account to the qualified applicant; processing, by a computer, a mortgage loan application for the applicant whether or not the applicant accepts the offer of the mortgage rebate transaction card account; applying mortgage loan application-related costs to a temporary transaction card account with a generic account number upon acceptance of the offer by the qualified applicant; issuing the mortgage rebate transaction card to the qualified applicant with a mortgage rebate transaction card account number to which mortgage loan application-related costs are transferred; including the mortgage loan application-related costs on a first mortgage rebate transaction card statement to the cardholder; and periodically arranging, by a computer, for application against a mortgage loan balance for the cardholder of a mortgage rebate amount computed on an amount of charges incurred against the mortgage rebate transaction card account.