System and method for providing a credit card with multiple credit lines

Abstract

A system and method for providing a credit card with multiple lines of credit. One of the disclosed methods include, for example, analyzing credit information of a cardholder to determine a level of risk associated with the cardholder; establishing a general purpose credit line based on the determined level of risk associated with the cardholder, the general purpose credit line being set as a revolving credit line; establishing a private label credit line based on the determined level of risk associated with the cardholder, the private label credit line being set as a revolving credit line; and issuing the credit card to the cardholder with the established general purpose credit line and private label credit line.

1 - 47 . (canceled) 
     
     
         48 . A method for issuing credit accounts, comprising:
 identifying one or more consumers who are potential credit account holders;   receiving credit information associated with each consumer;   determining that at least one consumer of the one or more consumers qualifies for credit;   establishing a general purpose credit line and a private label credit line for the at least one consumer; and   notifying the at least one consumer of the general purpose credit line and the private label credit line for the at least one consumer.   
     
     
         49 . The method of  claim 48 , further comprising establishing separate credits limits for the general purpose credit line and for the private label credit line. 
     
     
         50 . The method of  claim 49 , wherein the credit limits are determined based on a risk score associated with the at least one consumer. 
     
     
         51 . The method of  claim 48 , wherein the general purpose credit line and the private label credit line are each a revolving credit line. 
     
     
         52 . The method of  claim 48 , wherein the general purpose credit line is an embedded credit line within the private label credit line. 
     
     
         53 . The method of  claim 48 , further comprising identifying one or more consumers that pre-qualify for the general purpose credit line and the private label credit line. 
     
     
         54 . The method of  claim 48 , further comprising receiving application information from the one or more consumers, wherein the application information is associated with the general purpose credit line and the private label credit line. 
     
     
         55 . The method of  claim 54 , wherein the application information includes one or more of the following: name, address, social security number, date of birth, telephone number, and gross annual income. 
     
     
         56 . The method of  claim 48 , further comprising:
 receiving a purchase request to be applied against the private label credit line or general purpose credit line; and   determining whether the purchase request will be applied against the private label credit line or general purpose credit line based on information received from a merchant associated with the purchase request.   
     
     
         57 . A system for issuing a credit card, comprising:
 a processor;   a memory unit, communicatively connected to the processor and storing instructions that, when executed by the processor, cause the processor to perform operations comprising:
 identifying one or more consumers who are potential credit account holders; 
 receiving credit information associated with each consumer; 
 determining that at least one consumer of the one or more consumers qualifies for credit; 
 establishing a general purpose credit line and a private label credit line for the at least one consumer; and 
 notifying the at least one consumer of the general purpose credit line and the private label credit line for the at least one consumer. 
   
     
     
         58 . The system of  claim 57 , wherein the memory unit stores further instructions for causing the processor to perform operations comprising:
 establishing separate credits limits for the general purpose credit line and for the private label credit line.   
     
     
         59 . The system of  claim 58 , wherein the credit limits are determined based on a risk score associated with the at least one consumer. 
     
     
         60 . The system of  claim 57 , wherein the general purpose credit line and the private label credit line are each a revolving credit line. 
     
     
         61 . The system of  claim 57 , wherein the general purpose credit line is an embedded credit line within the private label credit line. 
     
     
         62 . The system of  claim 57 , wherein the memory unit stores further instructions for causing the processor to perform operations comprising:
 identifying one or more consumers that pre-qualify for the general purpose credit line and the private label credit line.   
     
     
         63 . The system of  claim 57 , wherein the memory unit further stores instructions for causing the processor to perform operations comprising:
 receiving application information from the one or more consumers, wherein the application information is associated with the general purpose credit line and the private label credit line.   
     
     
         64 . The system of  claim 63 , wherein the application information includes one or more of the following: name, address, social security number, date of birth, telephone number, and gross annual income. 
     
     
         65 . The system of  claim 57 , wherein the memory unit further stores instructions for causing the processor to perform operations comprising:
 receiving a purchase request to be applied against the private label credit line or general purpose credit line; and   determining whether the purchase request will be applied against the private label credit line or general purpose credit line based on information received from a merchant associated with the purchase request.   
     
     
         66 . A non-transitory computer-readable medium storing a set of instructions that, when executed by one or more processors, perform operations comprising:
 identifying one or more consumers who are potential credit account holders;   receiving credit information associated with each consumer;   determining that at least one consumer of the one or more consumers qualifies for credit;   establishing a general purpose credit line and a private label credit line for the at least one consumer; and   notifying the at least one consumer of the general purpose credit line and the private label credit line for the at least one consumer.