Word: cards
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...credit card will be Harvard’s first, according to HAA Executive Director John P. Reardon Jr. ’60. Reardon said the HAA decided to offer the card because of the revenue it could generate for the Presidential Scholars program, an initiative that provides financial aid to graduate students interested in careers in public service—education, academia, government, and public health...
...It’s something we’ve looked at for a while,” Reardon said. “Most universities in the country, almost all of them, have credit card programs...
...Reardon said that the revenue from most universities’ credit cards supports the operating costs of alumni associations, while all revenue from Harvard’s card will go toward graduate student financial...
Reardon said he expected the card to generate significant revenue, but he declined to give a specific amount...
When searching for a financial institution to offer the card, the HAA settled on Barclays because it could offer benefits customized for Harvard, said Deputy Executive Director Charlie Cardillo...