SYSTEM, PROGRAM AND METHOD FOR PROVIDING A SECURED CREDIT CARD COLLATERALIZED BY A TAX REFUND

摘要

A system, program and method of providing a secured credit card product to a customer may comprise steps generally relating to preparing a tax return for a customer for a previous year, and determining, based upon the preparation of the tax return, whether the customer is entitled to receive a tax refund. If the customer is entitled to receive a tax refund, offering a secured credit card product to the customer; determining if the customer meets eligibility requirements for the secured credit card product; and receiving the tax refund and using at least a portion of the amount of the tax refund of the customer to provide collateral for the secured credit card product of the customer.

主权项

1. A method of providing a secured credit card product to a customer comprising:
receiving eligibility information transmitted over a communication network from a tax preparation entity, said eligibility information regarding preparation of a tax return for the customer including an amount of a tax refund that the customer is entitled to receive; determining if the customer meets eligibility requirements for the secured credit card product based in part upon the eligibility information; and transmitting a conditional approval for the secured credit card product for the customer if the customer meets the eligibility requirements; if the customer is conditionally approved, receiving additional eligibility information over a communication network from the customer to approve the customer for the secured credit card product; and receiving the tax refund in a disbursement account and transferring at least a portion of the amount of the tax refund of the customer from the disbursement account to a collateral account to provide collateral for the secured credit card product of the customer.