Element 31 shows that the offer may comprise an introductory APR 31 that is different from the plurality of interest rates that comprise the offered go-to rate.
31, 2002, entitled System And Method For Account Registration With User Selectable Terms.
The graph shows the response rates of applicants in various credit score bands when the applicants received two different types of credit instrument offers.
Others promise rewards for card usage such as rebates on products (e.g., general motors cash rebates (e.g., discover or frequent flyer miles (e.g., american airlines/citibank).It should be appreciated that the first and second plurality of interest rates could be three interest rates, five interest rates, or even a continuum of interest rates for the entire risk spectrum.According to casino roulette online zahlen another aspect of the invention, a method of communicating an offer to apply for a credit instrument is provided, wherein the method comprises: processing credit history data; calculating a plurality of interest rates based on the credit history data, the plurality of interest.Typically, the authorized user of an account is issued a card and account number that can be used to charge purchases to his account.The credit instrument may take the form of an approval notification including a card.As discussed above, the plurality of interest rates can be a continuum, or can be several (three, five, seven, etc.) discrete rates.Issuers also want to attract new customers in the hopes of generating additional revenue.The objectives and other advantages of the invention will be realized and attained by the system and methods, particularly pointed out in the written description and claims hereof as well as the appended drawings.
The control group received a traditional credit instrument application that disclosed a single go-to interest rate available to all applicants.Thus, the shape of the function could change daily as the credit history data changes, even though the algorithm may stay the same.Conventional credit product offers have not tried to attract new customers by offering a plurality of term parameters corresponding to a plurality of credit risk scores in the communication of the initial offer, thereby enticing individuals with high credit ratings to apply for a credit.This application is a Divisional.S.Generating the offer may comprise printing or otherwise outputting a written letter, email, webpage, or other means of communication that contains the offer.4 is a graph illustrating the advantageous features of positive select and negative deselect achieved by one embodiment of the invention.Other problems and drawbacks also exist.Stature, standard 59 1, standardHaute variationSizeVariation_9, taille, eU: (US: S) Small.In this embodiment, the gross response rate for the control group was.55 while the gross response rate for the RBP group was.62.