Patent ID: 8458093

Claim:
A system for transferring a credit card charge to an equity line of credit, the system comprising: at least one subsystem that issues a credit card to a user; at least one subsystem that issues the equity line of credit to the user; at least one subsystem that receives a user-defined rule regarding whether the charge is to be transferred; at least one subsystem that receives an authorization from the user to transfer the charge prior to receiving the information regarding the charge on the credit card; at least one subsystem that receives information regarding a charge on the credit card; at least one subsystem that compares the information regarding the charge with the rule to determine whether the charge is to be transferred, and in response to determining that the charge is to be transferred, then transfers the charge from the credit card to the equity line of credit, wherein the rule uses at least one of: an amount of the charge, a merchant associated with the charge or an item associated with the charge, and wherein the equity line of credit uses the item associated with the charge on the credit card as collateral.