Method and system for managing a mortgage rebate transaction card account

1. A method of managing a mortgage rebate transaction card account, comprising:

providing a mortgage rebate transaction card account for a cardholder by a transaction card provider;

allowing the cardholder to incur charges against the mortgage rebate transaction card account;

computing a mortgage rebate amount by the transaction card provider based on an amount of charges incurred against the mortgage rebate transaction card account; and

periodically arranging for application of the mortgage rebate amount against a mortgage loan balance for the cardholder by the transaction card provider;

wherein providing the mortgage rebate transaction card account further comprises:

determining, according to pre-defined mortgage and credit card application score parameters, that an applicant qualifies for the mortgage rebate transaction card account when the applicant applies for a mortgage loan;

offering the mortgage rebate transaction card account to the qualified applicant;

applying mortgage loan application-related costs to a temporary transaction card account with a generic account number upon acceptance of the offer by the qualified applicant;

issuing the mortgage rebate transaction card for the qualified applicant with a mortgage rebate transaction card account number to which mortgage loan application-related costs are ported; and

including the mortgage loan application-related costs on a first mortgage rebate transaction card statement to the cardholder.

2. The method of claim 1 , wherein providing the mortgage rebate transaction card account further comprises providing the mortgage rebate transaction card account in connection with a prospective mortgage loan of the cardholder.

3. The method of claim 1 , wherein providing the mortgage rebate transaction card account further comprises providing the mortgage rebate transaction card account in connection with approval of an application for a mortgage loan by the cardholder.

4. The method of claim 1 , wherein providing the mortgage rebate transaction card account further comprises providing the cardholder an option for the mortgage rebate transaction card account in connection with a mortgage loan from either one of a mortgage lender that is affiliated or associated with the transaction card provider and a mortgage lender that is not affiliated or associated with the transaction card provider.

5. The method of claim 4 , wherein providing the cardholder an option for the mortgage rebate transaction card account in connection with a mortgage loan from either one of a mortgage lender that is affiliated or associated with the transaction card provider and a mortgage lender that is not affiliated or associated with the transaction card provider further comprises providing the mortgage rebate transaction card account in connection with a mortgage loan from a mortgage lender that is affiliated or associated with the transaction card provider.

6. The method of claim 4 , wherein providing the cardholder an option for the mortgage rebate transaction card account in connection with a mortgage loan from either one of a mortgage lender that is affiliated or associated with the transaction card provider and a mortgage lender that is not affiliated or associated with the transaction card provider further comprises further comprises providing the mortgage rebate transaction card account in connection with a mortgage loan from a mortgage lender that is not affiliated or associated with the transaction card provider.

7. The method of claim 1 , wherein providing the mortgage rebate transaction card account further comprises providing the mortgage rebate transaction card account in connection with a mortgage loan from any mortgage lender regardless of an affiliation or association between the transaction card provider and the mortgage lender.

8. The method of claim 1 , wherein computing the mortgage rebate amount by the transaction card provider further comprises computing the mortgage rebate amount without imposing a maximum limit on the mortgage rebate amount.

9. The method of claim 1 , wherein periodically arranging for application of the mortgage rebate amount further comprises periodically arranging for application of the mortgage rebate amount directly against the mortgage loan balance for the cardholder.

10. The method of claim 9 , wherein periodically arranging for application of the mortgage rebate amount directly against the mortgage loan balance further comprises periodically arranging for application of the mortgage rebate amount directly against the mortgage loan balance in the form of an annual credit to the cardholder's mortgage loan balance.

11. The method of claim 10 , wherein periodically arranging for application of the mortgage rebate amount directly against the mortgage loan balance further comprises periodically arranging for application of the mortgage rebate amount directly against the mortgage loan balance in the form of the annual credit based on an anniversary date of the mortgage rebate transaction card account.

12. The method of claim 10 , wherein periodically arranging for application of the mortgage rebate amount directly against the mortgage loan balance further comprises paying the reward amount directly to the mortgage lender by the transaction card provider by electronic transfer or check.

13. The method of claim 1 , wherein periodically arranging for application of the mortgage rebate amount against the mortgage loan balance further comprises paying the reward amount to the cardholder via account credit or check.

14. The method of claim 1 , further comprising decrementing the cardholder's computed mortgage rebate amount by an amount equal to the amount applied to the cardholder's mortgage loan balance.

15. A system for managing a mortgage rebate transaction card account, comprising:

means for providing a mortgage rebate transaction card account for a cardholder by a transaction card provider;

means for allowing the cardholder to incur charges against the mortgage rebate transaction card account;

means for computing a mortgage rebate amount by the transaction card provider based on an amount of charges incurred against the mortgage rebate transaction card account; and

means for periodically arranging for application of the mortgage rebate amount against a mortgage loan balance for the cardholder by the transaction card provider;

wherein the means for providing the mortgage rebate transaction card account further comprises:

means for determining, according to pre-defined mortgage and credit card application score parameters, that an applicant qualifies for the mortgage rebate transaction card account when the applicant applies for a mortgage loan;

means for offering the mortgage rebate transaction card account to the qualified applicant;

means for applying mortgage loan application-related costs to a temporary transaction card account with a generic account number upon acceptance of the offer by the qualified applicant;

means for issuing the mortgage rebate transaction card for the qualified applicant with a mortgage rebate transaction card account number to which mortgage loan application-related costs are ported; and

means for including the mortgage loan application-related costs on a first mortgage rebate transaction card statement to the cardholder.