Systems and methods for managing balance transfer accounts

A system for providing a balance transfer account associated with a pre-existing debt account of a customer, the system comprising:

• means for creating a balance transfer account for the customer;
• means for determining whether a payment to the balance transfer account received from the customer meets a payment threshold criteria;
• means for notifying a credit bureau of the balance transfer account if the received payment meets the payment threshold criteria;
• and
• means for closing the created balance transfer account without notification to the credit bureau if the received payment does not meet the payment threshold criteria.

A method for managing a balance transfer account associated with a pre-existing debt account of a customer, the method comprising:

• opening a balance transfer account for the customer;
• determining whether a payment to the balance transfer account received from the customer meets a payment threshold criteria;
• if the received payment meets the payment threshold criteria, then keeping the balance transfer account open;
• and
• if the received payment does not meet the payment threshold criteria, then closing the balance transfer account.

A method for managing a balance transfer account associated with a pre-existing debt account of a customer, the method comprising:

• creating a balance transfer account for the customer;
• determining whether a payment to the balance transfer account received from the customer meets a payment threshold criteria;
• if the received payment meets the payment threshold criteria, then opening the balance transfer account;
• and
• if the received payment does not meet the payment threshold criteria, then not opening the balance transfer account.

A method for managing a balance transfer account associated with a pre-existing debt account of a customer, the method comprising:

• creating a balance transfer account for the customer;
• determining whether the customer satisfies predetermined qualification criteria;
• if the customer satisfies predetermined qualification criteria, then notifying a credit bureau of the balance transfer account;
• and
• if the customer satisfies predetermined qualification criteria, then closing the created balance transfer account without notification to the credit bureau.