Inventors:
Michael Cappucci - Crawford NJ, US
Alexander Cook - New York NY, US
Sona Grover - East Brunswick NJ, US
Manish Gupta - Hawthorn NJ, US
Li Huang - Rego Park NY, US
Charles Chen Song - New York NY, US
Xiaodong Sun - Edison NJ, US
Assignee:
American Express Travel Related Services Company Inc. - New York NY
International Classification:
G06Q 40/02
Abstract:
A method is provided comprising receiving tradeline data associated with a consumer related to a tradeline, determining payment terms of the tradeline by selecting the greatest of a minimum potential payment amount, a fixed percentage potential payment amount, and a fixed percentage plus finance charge potential payment amount, and calculating (in response to selection of the fixed percentage plus finance charge potential payment amount) an APR of the tradeline.