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I think this is a really good idea, except one thing, it's too localized, and your site doesn't seem to be a local site, it could even be international if it's good enough. I live in a college town too there are 50,000 students at the school but but even if you were able to hit every bar and every person who picked up your card went to your site you would still only get 35,000 people there. Which would be good but you could get more if you broadened your scope.
One other thing when I was hanging out in bars if I woke up the next morning and found a business card in my pocket, if it did not have a girls number on it, I would just throw it away.
Hope this helps
Mike
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