Imperial College's Alumni Relations and Development Department has launched a new "Plantinum" credit card for IC alumni. The card is intended to be a revamped replacement for the old IC Affinity Card. The card is operated by HFC bank who will donate £10 to the Imperial College Hardship Fund when an account is opened - with further contributions every time the card is used.
The Imperial College Hardship Fund was set up to provide funding awards to students in financial difficulties allowing them to complete their studies. The previous affinity card scheme raised £100,000 for the Fund and it is hoped that the new scheme will be able to improve on that.
The Card is also hoped to strengthen Imperial's brand. After all, people carrying cards with a big "IC" on should improve recognition - particularly apt given the number of graduates who work in the financial sector.
While not aimed at students, your correspondent wonders whether the card will be open to them. After all, the 0% balance transfer rate could come in handy.