Method and system for gift credit card

Claim 1

In a credit transaction system, said credit transaction system including a plurality of points of sale and a credit data storage and transaction processing system communicatively connected to said points of sale, said credit data storage and transaction processing system comprising primary computer memory means for storing credit account data of a plurality of primary credit accounts, and computer means for processing said credit account data and transaction data communicated to said computer means from said points of sale, the improvement comprising: secondary computer memory means communicatively connected to said computer means for storing data of a secondary account, said secondary account having an initially-determined value and being exclusively related to one of said primary accounts such that said initially-determined value is charged to said one of said primary accounts; and a credit instrument for conducting transactions at one or more of said plurality of points of sale in said credit transaction system, wherein said credit instrument uniquely identifies said secondary account and data of said transactions are processed by said computer means and stored in said secondary computer memory means, and wherein said computer means terminates said secondary account when said credit instrument has been used for said transactions such that the value of said transactions equals said initially-determined value of said secondary account.

Claim 8

A method of creating and processing a secondary account linked to a primary credit account and having an initially-determined, nonrenewable limit, comprising the steps of: receiving authorization from a holder of a primary consumer credit account to create said secondary account; determining whether said authorization is accurate and sufficient; creating said secondary account where said authorization is determined to be accurate and sufficient; creating a credit instrument uniquely identifying said secondary account for use in credit transactions; charging the amount of said initially-determined limit to said primary account; allowing continued use of said credit instrument until said initially-determined limit is reached; and terminating said secondary account after said initially-determined limit is reached.

Claim 9

A method of creating and processing a secondary account linked to a primary credit account and having an initially-determined, nonrenewable limit, comprising the steps of: receiving authorization from a holder of a primary consumer credit account to create said secondary account; determining whether said authorization is accurate and sufficient; creating said secondary account where said authorization is determined to be accurate and sufficient; creating a credit instrument uniquely identifying said secondary account for use in credit transactions; charging the amount of said initially-determined limit to said primary account; allowing continued use of said credit instrument until said initially-determined limit is reached; and terminating said secondary account after said initially-determined limit is reached.