National Bank of Canada and CAA-Québec, a not-for-profit organisation, have joined force to introduce a no annual fees CAA Rewards MasterCard credit card in Canada.

The newly launched credit card, which will be a key component of the CAA Dollars programme, will be available exclusively to CAA-Québec members.

The move comes as a result of an agreement signed between National Bank and the Canadian Automobile Association (CAA) in 2016 to offer the credit card to the members of seven clubs across Canada.

National Bank vice president of credit card and payment solutions Pierre Dufour said: “With the National Bank CAA Rewards MasterCard credit card, we’re offering a product that ties in with CAA-Québec’s total offer.

“It’s much more than just a card – it’s an opportunity to take full advantage of the membership benefits available. CAA-Québec is a valued Quebec brand and we’re proud of this partnership.”

CAA-Québec vice president of development and strategic alliances Jacinthe Gratton said: “This new card will significantly enhance our CAA Dollars program.

“Members always come out ahead with CAA Dollars because they can redeem the dollars they earn to purchase gift cards or lower the cost of their membership. This card is unique in that it offers our members tangible benefits.”