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THE City University of Hong Kong and the Hang Seng Bank will jointly issue two affinity credit cards next month, entitling the university's full-time students, staff and graduates to a three-year fee waiver.

  The former City Polytechnic of Hong Kong is the second university to link with the bank in credit cards issuance - the Chinese University of Hong Kong issued its affinity credit card last July with a one-year fee waiver.

  The CityU card will make Visa card facilities available to all full-time students, while Visa Gold card facilities will be available for graduates, full-time staff members with an annual income of more than $150,000 and associates such as council members.

  Monthly credit limits for Visa card holders will be $15,000, while the Visa Gold card holders will have a minimum $30,000 limit.

  An amount of 0.3 per cent of spending on the cards will go to a special fund for use by staff and students.

 The university's director of finance, James Ng Kam-ming, estimated about $1 million would be generated for the fund each year.

  Applications for the CityU cards will open at the end of the month. Full-time student applicants are requested to enclose a copy of their student card.

  As the university has yet to finalise its post-polytechnic emblem, the two affinity cards will display the Chinese and English names of the university.

  Besides other benefits, CityU card-holders will be entitled to a 15 per cent discount on the annual fee for sports facilities at the university. Discounts will also be available at the campus bookshop and souvenir shop.



Benefits for all in credit cards scheme