Balanced Credit Card

Definition:

Balanced Credit Card is a kind of Credit Card that gives the teachers financial credit to do shopping from the specified shops and sales networks without any limitations.

Advantages:

1) Balanced Score(Credit) Card shows the member's rank regardingcredit, cooperation and loyalty to the organization and is defined as a medium for all of the fund and the members financial, welfare, educational and cultural activities

2) Balanced Score Card consists of two parts: welfare and investment. So that dear teachers are able to invest their small holdings with the highest interest rate in addition to making use of the funds high capacity. These holdings can be used as the source of plan in the second phase.

3) Financial Advantages: Balanced Credit Card is a highly profitable business with an unlimited revenue cycle which is able to profit the fund and the members more than all subsidiary companies.

4) Unlimited Shopping: Balanced Credit Card can be used in all the shops throughout Iran and the teachers can buy anything from any shops in any cities. But if the teachers do their shopping from the specified shopping network throughout the country they will receive special benefits.

5) No need for primary investment:  unless little execution costs, the plan implementation doesn’t impose any costs of making the shopping network, buying the product, providing the sources and … on the organization

6) Shopping Network: The Balanced Credit Card will make a shopping network throughout the country in which all the shops, products and services can be defined.  The owners of products and services in that network can offer special services to the card holders. Part of the income from this plan will be allocated to the fund which will finally be distributed among the fund members as their interest.

7) Smart Scoring: Balanced Credit Card is based on some items that can reduce or increase the credit of the card:  thecredit of the card, the amount of money that the members save in the account, the usage of the credit card for shopping from the fund network. This action gathers teachers' stagnant holdings and increases the turnover of the Investment Bank which can revitalize this bank.

8) Reinforcement of the business department: by direct shopping of the special products,Balanced Credit Card can provide the possibility of making profit for both the fund and the card holders in addition to making a high profit in the business department by providing low-priced products.

9) Providing added value services: By getting higher scores, Balanced Credit Card provides the card holders with the possibility of using special services of the funds subsidiary companies in the fields of bank, insurance, leasing, welfare and other similar services which can be beneficial for both the fund and the card holders.

10) Reinforcement of the funds subsidiary companies: By increasing the turnover in the funds subsidiary institutes specially bank, insurance and leasing, Balanced Credit Cardcan increase the benefits for the fund and the fund members and provide better services for the card holders as well.

11) Making distribution network, providing members mutual and online communication, making a social-financial network of one million members and keeping recordsare some of the benefits of the Balanced Credit Card.

12) By financial modeling and according to financial mathematics, the credit card's interest rate for the first year was 15% and this number for the second year was 7% and hopefully the interest rate will turn into loan without any interest in the third year. But this does not reduce the high amount of interest that the project brings about.