System and methods for providing starter credit card accounts

A non-transitory computer-readable medium storing instructions operable to cause one or more processors to perform operations comprising:

• receiving a request for the standard credit account from the customer;
• providing a starter credit account in place of the standard credit account to the customer;
• monitoring the customer's activities associated with the starter credit account during a trial period to determine whether the customer has satisfied predetermined criteria;
• modifying the duration of the trial period based on the monitored customer's activities associated with the starter credit account;
• and
• upgrading at least one of the starter credit account parameters to match at least one of the standard credit account parameters when the customer has satisfied the predetermined criteria.

A non-transitory computer-readable medium storing instructions operable to cause one or more processors to perform operations comprising:

• providing a starter credit account to a customer, wherein the customer is not eligible to receive a standard credit account;
• monitoring the customers activities associated with the starter credit account during a trial period to determine whether the customer has satisfied predetermined criteria during the trial period;
• notifying the customer of unsatisfied predetermined criteria during the trial period;
• and
• modifying the starter credit account parameters based on the monitoring, wherein modifying includes upgrading at least one of the starter credit account parameters to match at least one of the standard credit account parameters when the customer has satisfied the predetermined criteria during the trial period.

A non-transitory computer-readable medium storing instructions operable to cause one or more processors to perform operations comprising:

• determining a group of customers with existing credit histories who have not previously applied for the standard credit account and are eligible for the starter credit account, wherein the customers included in the group each have a credit profile that prevents the customers from obtaining the standard credit account;
• ranking the customers included in the group;
• providing a starter credit account to each customer included in the group, wherein parameters associated with each starter credit account vary based on the rank of each customer;
• determining a trial period for each ranked customer;
• determining, for each ranked customer, a predetermined criteria that the customer must satisfy for the starter credit account parameters to be upgraded;
• and
• for each ranked customer:
• determining whether the ranked customer has met the predetermined criteria during the trial period;
• and
• upgrading the account parameters associated with the ranked customer based on the determination.

A non-transitory computer-readable medium storing instructions operable to cause one or more processors to perform operations for providing credit accounts, the operations comprising:

• receiving a request from a customer for a first credit account associated with a first account parameters included a first credit limit and a first interest rate;
• providing to the customer a second credit account associated with second account parameters including a second credit limit and a second interest rate, wherein the second credit limit is lower than the first credit limit;
• notifying the customer of a third credit limit while the customer is provided the second credit limit, the notifying including information reflecting that the third credit limit is obtainable by making a predetermined number of consecutive on time payments and wherein the third credit limit is higher than the second credit limit and lower than the first credit limit;
• monitoring the second credit account to determine whether the customer has made the predetermined number of consecutive on time payments;
• and
• changing the second credit limit to the third credit limit when it is determined that the customer has made the predetermined number of on-time payments associated with the second credit account.

A non-transitory computer-readable medium storing instructions operable to cause one or more processors to perform operations for providing credit accounts, the operations comprising:

• receiving a request from a customer for a first credit account associated with first account parameters including a first credit limit and a first interest rate;
• providing to the customer a second credit account associated with second account parameters including a second credit limit and a second interest rate;
• monitoring the second credit account to determine whether the customer has performed at least one of making a predetermined number of consecutive on time payments or not exceeding the second credit limit;
• and
• changing the second interest rate to a third interest rate that is higher than the first interest rate, when it is determined that the customer has made the predetermined number of on-time payments associated with the second credit account.

A system for providing a credit account to a customer of an account issuer that provides a starter credit account associated with starter credit account parameters and a standard credit account associated with standard credit account parameters more favorable than the starter credit account parameters, comprising:

• a processor;
• and
• a memory storing a set of instructions that, when executed by the processor, perform operations comprising:
• receiving a request for the standard credit account from the customer;
• providing a starter credit account in place of the standard credit account to the customer;
• monitoring the customer's activities associated with the starter credit account during a trial period to determine whether the customer has satisfied predetermined criteria;
• modifying the duration of the trial period based on the monitored customer's activities associated with the starter credit account;
• and
• upgrading at least one of the starter credit account parameters to match at least one of the standard credit account parameters when the customer has satisfied the predetermined criteria.

A system for providing a credit account to a customer of a credit issuer that provides a starter credit account associated with starter credit account parameters and a standard credit account associated with standard credit account parameters more favorable than the starter credit account parameters, comprising:

• a processor;
• and
• a memory storing a set of instructions that, when executed by the processor, perform operations comprising:
• providing a starter credit account to a customer, wherein the customer is not eligible to receive a standard credit account;
• monitoring the customers activities associated with the starter credit account during a trial period to determine whether the customer has satisfied predetermined criteria during the trial period;
• notifying the customer of unsatisfied predetermined criteria during the trial period;
• and
• modifying the starter credit account parameters based on the monitoring, wherein the modifying includes upgrading at least one of the starter credit account parameters to match at least one of the standard credit account parameters when the customer has satisfied the predetermined criteria during the trial period.

A system for providing a credit account to a customer of a credit issuer that provides a starter credit account associated with starter credit account parameters and a standard credit account associated with standard credit account parameters more favorable than the starter credit account parameters, comprising:

• a processor;
• and
• a memory storing a set of instructions that, when executed by the processor, perform operations comprising:
• determining a group of customers with existing credit histories who have not previously applied for the standard credit account and are eligible for the starter credit account, wherein the customers included in the group each have a credit profile that prevents the customers from obtaining the standard credit account;
• ranking the customers included in the group;
• providing a starter credit account to each customer included in the group, wherein parameters associated with each starter credit account vary based on the rank of each customer;
• determining a trial period for each ranked customer;
• determining, for each ranked customer, a predetermined criteria that the customer must satisfy for the starter credit account parameters to be upgraded;
• determining, for each customer, whether the ranked customer has met the predetermined criteria during the trial period;
• and
• upgrading, for each customer, the account parameters associated with the ranked customer based on the determination.

A system for providing credit accounts, comprising:

• processor;
• and
• a memory storing a set of instruction that, when executed by the processor, perform operations comprising:
• receiving a request from a customer for a first credit account associated with a first account parameters included a first credit limit and a first interest rate;
• providing to the customer a second credit account associated with second account parameters including a second credit limit and a second interest rate, wherein the second credit limit is lower than the first credit limit;
• notifying the customer of a third credit limit while the customer is provided the second credit limit, the notifying including information reflecting that the third credit limit is obtainable by making a predetermined number of consecutive on time payments and wherein the third credit limit is higher than the second credit limit and lower than the first credit limit;
• monitoring the second credit account to determine whether the customer has made the predetermined number of consecutive on time payments;
• and
• changing the second credit limit to the third credit limit when it is determined that the customer has made the predetermined number of on-time payments associated with the second credit account.

A system for providing credit accounts, comprising;

• a processor;
• and
• memory storing a set of instructions that, when executed by the processor, perform operations comprising:
• receiving a request from a customer for a first credit account associated with a first account parameters included a first credit limit and a first interest rate;
• providing to the customer a second credit account associated with second account parameters including a second credit limit and a second interest rate;
• monitoring the second credit account to determine whether the customer has performed at least one of making a predetermined number of consecutive on time payments or not exceededing the second credit limit;
• and
• changing the second interest rate to a third interest rate that is higher than the first interest rate, when it is determined that the customer has made the predetermined number of on-time payments associated with the second credit account.

A non-transitory computer-readable medium storing instructions operable to cause one or more processors o perform operation comprising:

• providing the starter credit account to the customer, wherein the customer is not eligible to receive the standard credit account;
• monitoring the customer's activities associated with the starter credit account during a first trial period to determine whether the customer has satisfied first predetermined criteria during the first trial period;
• modifying the starter credit account parameters based on the monitoring, the modifying including starting a second trial period and upgrading the starter credit account parameters if the customer has satisfied the predetermined criteria during the first trial period;
• further monitoring the customer's activities associated with the modified starter credit account parameters during the second trial period to determine whether the customer has satisfied second predetermined criteria during the second trial period;
• and
• further modifying the modified starter credit account parameters based on the further monitoring.

A system for providing a credit account to a customer of a credit issuer that provides a starter credit account associated with starter credit account parameters and a standard credit account associated with standard credit account parameters more favorable than the starter credit account parameters, comprising:

• a processor;
• and
• a memory storing a set of instructions that, when executed by the processor, perform operations comprising:
• providing the starter credit account to the customer, wherein the customer is not eligible to receive the standard credit account;
• monitoring the customers activities associated with the starter credit account during a first trial period to determine whether the customer has satisfied first predetermined criteria during the trial period;
• modifying the starter credit account parameters based on the monitoring, the modifying including starting a second trial period and upgrading the starter credit account parameters if the customer has satisfied the first predetermined criteria during the first trial period;
• further monitoring the customer's activities associated with the modified starter credit account parameters during the second trial period to determine whether the customer has satisfied second predetermined criteria during the second trial period;
• and
• further modifying the modified starter credit account parameters based on the further monitoring.