1 Credit Card For 10 Accounts (Visa, Mastercard, Advanta,...

1 Credit Card For 10 Accounts (Visa, Mastercard, Advanta, etc.)

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Overall Ranking: 47%
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Views: 418

Idea Description

The concept is simple: create a credit card that allows customers to store up to 10 different credit card accounts on one physical card. For example: you have an Advanta Visa, a Citibank Mastercard, a Wells Fargo Visa card, a Sears card, and a Target card. You use the online system to enter and store the data. When you swipe the card at the store it asks you what account you would like to charge the purchase to.

What will you do if you win $10,000 for this idea?

I would thank the people who voted for me! Then I would contract a financial services software development company to create a demo and prototype. There are three parts to the system to be built: the online management system, the application that runs on the merchants credit card processor and the system to manage the account interaction with each credit card company. Another device may be needed to allow customers to add and delete accounts on the card from their home.

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