Chemical Bank has partnered with First Bankcard, a division of First National Bank of Omaha and an issuer of credit cards, to launch Dream MasterCard.
The card is exclusive to Chemical Bank customers in Michigan and offers rewards with no overlimit fees, penalty rates or late fees.
The rewards program will offer triple points to cardholders on qualifying gas and grocery purchases, Chemical Bank said.
Cardholders can also maximize their reward redemption options on travel, merchandise, gift cards, cash back and more, the bank added.
Commenting on the launch, Chemical Bank chairman, CEO and president David Ramaker said: "We’ve been serving communities across Michigan for nearly 100 years, and we’re excited to be offering Michigan consumers one of the most competitive credit card reward programs available.
"By using the new Dream MasterCard for their everyday purchases, Chemical Bank consumers will reap exclusive rewards from this innovative new credit card," Ramaker added.
Stephen Eulie, president of First Bankcard, said: "We’ve worked with Chemical Bank for years and it’s exciting for us to be able to introduce a new product that adds value for their customers."