Patent ID: 7938319

Claim:
A Tradesman's Credit Card System, comprising: a. a Tradesman's Credit Card appointed to be issued to a qualifying tradesman selected from the group consisting of plumbers, electricians, carpenters, masons, mechanics, repair shop professionals, contractors, or construction, trade companies or professionals upon payment of an initiation fee and payment of periodic maintenance fees; b. said Tradesman's Credit Card being appointed for issuance by a bank or credit card issuing authority; c. said tradesman being provided with a list of wholesalers and jobbers that have agreed to provide a pre-negotiated discount for purchase of trade merchandise and services; d. said Tradesman's Credit Card front face having printed thereon the name of the tradesman, the tradesman's business name, a logo and printed text representing the profession of the tradesman's business, tradesman's license number, and a unique identification number which serves as the Tradesman's Credit Card System number and also as a credit card number; e. said Tradesman's Credit Card back face having a magnetically encoded strip readable by a magnetic card reader, for transmitting the unique identification number and the tradesman's license number; f. said magnetic strip additionally including security codes; g. said Tradesman's Card further including a pictorial logo representing the profession of the tradesman; h. use of said Tradesman's Credit Card by a tradesman for the purchase of merchandise at said wholesalers or jobbers results in automatic generation of pre-negotiated discounts for said trade purchases; i. said trade purchase by the tradesman being tracked by said bank or credit card issuing authority and purchase information being analyzed to provide valuable marketing information for manufacturers of goods, service providers and wholesalers on a fee payment basis; j. said discount on trade purchases by the tradesman is provided by communication between a magnetic card reader device and said bank or credit card issuing authority which sets discount levels for trade merchandise at cash register checkout; and k. the qualification of a tradesman for a Tradesman's Card includes an evaluation of professional licenses and company affiliation; whereby the tradesman's profession is recognized by presentation of the Tradesman's Credit Card at wholesaler and jobber locations, and discounts are provide for trade specific goods and services purchased and used professionally by the tradesman, and said Tradesman's Credit Card System relieves wholesalers, jobbers or other commercial organizations from opening credit lines for a tradesman in order to attract the tradesman's business purchases.