1. A financial transaction system utilized by a plurality of participants and participating merchants comprising: (a) means for receiving credit and personal history from applicants and approving applicants as participants; (b) issuing a card to each participant with a unique account number; (c) establishing a trust account for the participant under the unique account number, such that the account is an investment account, (d) means for inputting information regarding a purchase transaction and transmitting to a unit processing said information such that a rebate may be calculated to credit the participant; (e) means for approving the transaction and transmitting approval to the merchant; (f) means for calculating a rebate to the participant based on the amount of the transaction and transfer the rebate to a trust account; (g) means for crediting the merchant for the transaction and for crediting the participant's account the amount of the rebate; (h) means for billing the participant for the transaction; and (i) distributing at least a portion of the trust account to participant upon occurrence of an event.