Patent ID: 8738494

Claim:
A method for electronically splitting by a computer an original billing cycle into at least two billing cycles in an account by electronically changing by a computer the debiting timeframe of said original billing cycle and electronically switching on by a computer at least one additional billing cycle, said method comprising: a. electronically providing by a computer said account, wherein said account comprises at least one credit balance and said original billing cycle; b. electronically splitting by a computer said original billing cycle into said at least two billing cycles by electronically changing the debiting timeframe by a computer of said original billing cycle and electronically switching on by a computer at least one additional billing cycle, wherein only one of said at least two billing cycles is active for posting at a time, and wherein said at least two billing cycles comprises said original billing cycle and said at least one additional billing cycle; and c. electronically posting by a computer to said account one or a plurality of point of sale (POS) transactions; wherein electronic operations of said method are performed by at least one computer; wherein electronically switching on said at least one additional billing cycle, thereby electronically starting said at least one additional billing cycle, is determined by an end user; wherein a billing cycle of said at least two billing cycles comprises one or a plurality of POS transactions; and wherein said account comprises a total credit limit.