System and method for enabling a user to choose how to redeem a gift credit

A system comprising:

• a processor;
• and
• a non-transitory computer-readable storage medium storing instruction which, when executed by the processor, cause the processor to perform operations comprising:
• receiving an identification, from a giver of a credit, of a recipient and a spending category associated with a notice;
• transmitting the notice to a device associated with the recipient;
• receiving a selection from the recipient regarding a payment mode to be used to redeem the credit from the giver to yield a selected payment mode;
• generating a policy based on the selected payment mode and the spending category, the policy used to enable the recipient to redeem the credit from the giver;
• monitoring purchases using the selected payment mode for a qualified purchase according to the policy;
• receiving an indication that the qualified purchase was made using the selected payment mode;
• and
• based on the indication of the qualified purchase, applying the credit to the recipient.

A method comprising:

• receiving an identification, from a giver of a credit, of a recipient and a spending category associated with a notice;
• receiving, from a plurality of recipient payment accounts, a selection of a recipient payment account to be used to redeem the credit from the giver to yield a selected payment account;
• generating a policy comprising at least the selected payment account and the spending category;
• monitoring, via a processor of a computing device, purchases using the selected payment account of the recipient for a qualified purchase according to the policy;
• and
• based on the qualified purchase being made using the selected payment account, applying the credit to the recipient.