National Bank has signed an agreement with the Canadian Automobile Association (CAA) for the launch of the National Bank CAA Rewards MasterCard credit card further to the acquisition of Bridgewater Bank's portfolio of 42,000 CAA credit cards. As a result, CAA members across seven regional CAA clubs who have a CAA credit card will receive the new National Bank CAA Rewards MasterCard card in the next few months. This new credit card will also be made available to all eligible and interested CAA members.
"At National Bank, we are proud to help our clients carry out their business and personal projects," stated Pierre Dufour, Vice-President – Card and Payment Solutions, National Bank. "And that's exactly what we're offering the members of the regional CAA clubs that have signed this agreement. With the National Bank CAA Rewards MasterCard, they'll be able to enjoy a host of advantages, especially when they travel, be it in Canada, the United States or anywhere else in the world."
"The goal of the CAA Rewards Program is to provide CAA Members with best-in-class offers and savings from brands that they know and love" stated Jeff Walker, Chief Strategy Officer, CAA. "With the new CAA Rewards Mastercard, CAA Members can get even more value from their membership, earning CAA Dollars on all of their purchases. Members can redeem their CAA Dollars on a wide array of CAA products and services, including their next vacation, retail products like movies and attraction tickets, as well as their CAA membership".
The new National Bank CAA Rewards MasterCard card is a no-fee card that gives CAA members many benefits, including CAA Dollars®, and purchase insurance that protects them in case of damage or theft of items purchased with their card.
With $216 billion in assets as at October 31, 2015, National Bank of Canada, together with its subsidiaries, forms one of Canada's leading integrated financial groups. The Bank has close to 20,000 employees and is widely recognized as a top employer. The Bank's securities are listed on the Toronto Stock Exchange (TSX: NA).
CAA is a federation of nine clubs providing over 6 million Members with exceptional emergency roadside service, complete automotive and travel services, member savings and comprehensive insurance services. CAA also advocates on issues of concern to its members, including road safety, the environment, mobility, infrastructure and consumer protection.