Word: cooped
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Behind the Coop table wait baskets of cards--a card for each first-year student at each of Harvard's schools...
Each September, staff from the Coop and First USA Bank set up a table on the ground floor of the Coop's book building. They then approach students entering the building, asking them whether they'd like to sign up for a Coop Visa to receive a free T-shirt...
What's more, seldom is the application rejected later on. In the very rare cases it is--if the student has already defaulted on another credit card or has a very bad credit record, says Coop Corporate General Manager Allen Powell--the student must make monthly payments on the amount already spent, but is allowed to spend more...
...Coop Visa replaced the old Coop card that had a line of credit that could only be used at the Coop...
...After the proliferation of bank credit cards, people were no longer using the Coop credit card," Powell says...