Patent ID: 7676425

Claim:
A computer implemented method for providing customer initiated flexible financing for one or more purchases, wherein the method is executed by a programmed computer processor, the method comprising the steps of: issuing a card product to a customer for financing a plurality of products and services, including at least one revenue producing property; receiving a request from the customer for financing a future purchase of the at least one revenue producing property, wherein the request is specific to the revenue producing property; analyzing financing options available to the customer prior to the purchase of the at least one revenue producing property using the programmed computer processor; authorizing the future purchase of the at least one revenue producing property to enable the customer to purchase the at least one revenue producing property with the card product, wherein the card product provides the ability to make a combination of an online purchase, phone order purchase and merchant location purchase; receiving a customer contact after the purchase is made for designating one or more of the financing options available to the customer for financing of the at least one revenue producing property, wherein the financing options comprise one or more of installment loan, asset-backed loan, line of credit, product lease and equipment lease; transferring a balance attributed to the card product to one or more designated financing options; and transforming the purchase into a secured loan secured by the at least one revenue producing property or an unsecured loan, based at least in part on credit information associated with the customer.