The launch took place yesterday morning at the university's premises in Sakheer, during a press conference held jointly by CrediMax, Visa International and the University of Bahrain (UOB).
The CrediMax - University of Bahrain Visa card, is being offered to the students free of charge and only two conditions have to be met; to have a GPA not less then 2.5 out of 4.0 and to have completed at least 30 credit hours. The card's credit limit is set at BD 100 to enable students to manage their financial resources at an early stage of life.
"Emanating from our strong belief of the importance of education and our desire to further facilitate finances for students and encourage their academic success, we are now launching the CrediMax - University of Bahrain Visa Card, the first of its kind in Bahrain, with special privileges for students who wish to acquire additional financial support", said Mr. Mohammed Ebrahim Mohammed, General Manager of CrediMax.
Designed specially for students, the CrediMax - University of Bahrain Visa card enables the cardholder to benefit from special discounted prices on offer from 20 outlets in Bahrain today, and the number will increase in the future. Through their card utilization, the students will be contributing to their Student Fund as well.
"Through this programme, we will contribute a percentage of total card utilization to the University Student Fund. We aim to help them manage their financial resources and get acquainted with plastic money" explained Mr. Moh'd Ebrahim Moh'd.
Holders of the CrediMax - University of Bahrain Visa card will get all the benefits awarded to regular CrediMax Visa card holders , but with lower interest rate, an interest free credit period, worldwide acceptance and much more.
Present at the launch ceremony were CrediMax General Manger Mr. Mohammed Ebrahim Mohammed, Dr. Alawi H. Al Hashimi - University of Bahrain Vice President for Planning and Community Service, Salman Ali Ebrahim - President of the Student Council, and the Visa International Deputy General Manager for Central Europe and the Middle East Mr. Jonathan Cabedo, as well as other senior officials and representatives from the University Students Council.
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Launch of CrediMax - University of Bahrain Visa card
- Bahrain: Thursday, May 15 - 2003 at 09:14
- PRESS RELEASE
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In the first move of its kind in Bahrain, CrediMax introduced its latest innovative product; CrediMax - University of Bahrain Visa card, specifically for the use of the University students.
From left to right: Mr. Mohammed Ebrahim Mohammed, CrediMax General Manager, Mr. Jonathan Cabedo, Deputy General Manager for Central Europe and Middle Ease for Visa International, Dr. Alawi H. Al-Hashimi, University of Bahrain Vice President for Planning and Community Service and Mr. Salman Ali Ebrahim, President of the Student Council.
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Posted by Anne-Birte Stensgaard, Senior News EditorThursday, May 15 - 2003 at 09:14 UAE local time (GMT+4)
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This article was updated on Wed May 04 2005.
Notes and Media Contacts »
CrediMax was established in 2000 as a wholly owned subsidiary of Bank of Bahrain and Kuwait
CrediMax Visa and Mastercards have a worldwide acceptance at over 20 million establishments and 24 hour access to more than 647,000 ATMs around the world
CrediMax also offers a basket of insurance packages to cardholders, such as travel insurance and travel assistance, and card protection scheme in addition to protection against unemployment, permanent and temporary disablement and death
Issued by prlinks on behalf of CrediMax
For media enquiries please call prlinks on 227517
CrediMax Visa and Mastercards have a worldwide acceptance at over 20 million establishments and 24 hour access to more than 647,000 ATMs around the world
CrediMax also offers a basket of insurance packages to cardholders, such as travel insurance and travel assistance, and card protection scheme in addition to protection against unemployment, permanent and temporary disablement and death
Issued by prlinks on behalf of CrediMax
For media enquiries please call prlinks on 227517
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