Patent ID: 8600869
Filing Date: 2013-12-03
Classification: G06Q,G07F

Abstract:
1. A method, implemented by a computer, for managing a credit limit for a credit card issued to a card holder, comprising: activating an account for the credit card; assigning an initial credit limit to the account, the initial credit limit being below a tolerance level for the card holder; developing credit history data based on the card holder's use of the account during respective predetermined short intervals of time, wherein the card holder's use of the account is based on each transaction made by the card holder with the credit card during the respective predetermined short interval of time and reflects at least a manner in which the card holder used the credit limit, wherein the manner includes: whether the card holder used all or most of the initial credit limit, and if so, how quickly the card holder used all or most of the initial credit limit; evaluating, by the computer, the developed credit history data after each of the predetermined short time intervals by generating a score based on the card holder's use of the account over each respective predetermined short time interval; and deciding, by the computer, whether to increase the credit limit of the account based on the score generated from evaluating the developed credit history.