Jpmorgan Chase Bank, N.a.

Mary Carter Warren

Donna M Barrett

Donald H Schmitt

Karen R Ehemann

George W Blossom

Marc Fredman

Kathleen H Witsil

Bradley R Strock

Douglas A Filak

James C Steckart

Katrina Dowidchuck

Kimberly L Hoechst

Ron E Jacobs

Ron Jacobs

Donna W Barrett

Karen R Eheman

Marc L Fredman

Kim Hoechst

The present invention relates to methods for allowing an account holder to easily customize the terms of an account such as a loan account, an asset account, a mortgage account, an insurance account, or a brokerage account. Exemplary embodiments of the invention allow the user to specify various preferred terms such as cost (e.g., APR and annual fee), rewards programs, card design, affiliates, credit line, and payment due date, among others. The financial service provider issuing the account, e.g., the issuing bank, may make the various available terms for the account easily accessible to the user, for example through an internet website or an automated phone system, enabling the user to easily specify his or her preferences. The customization methods may be applied to the process of opening a new account or customizing an existing account. The customization methods may dynamically update the available terms as the user begins to select his or her desired terms.

System and method for establishing or modifying an account with user selectable terms

Techniques for administering an account with a financial institution are disclosed. The financial institution may establish the account for the account holder. An account holder may execute purchase transactions using the account. A first and second affiliate may be associated with the account. Rewards information associated with the first affiliate may be calculated based on use of the account for purchase transactions. A compensation, to be provided by the financial institution to the second affiliate, may be calculated based on use of the account for purchase transactions.

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Baltimore, MD, United States of America

Mary Carter Warren