Acquisition of Bridgewater Bank's credit card portfolio - National Bank and CAA establish a partnership

MONTREAL, Feb. 16, 2016 /CNW Telbec/ - 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 clubs1 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 be made available to all eligible CAA members who are interested.

"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.

About National Bank of Canada
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). Follow the Bank's activities at or via social media such as Facebook, LinkedInand Twitter

About Canadian Automobile Association
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. Find more information online at

1 Alberta Motor Association, Saskatchewan, Manitoba, South Central Ontario, North & East Ontario, Niagara and Atlantic

SOURCE National Bank of Canada

For further information: (The telephone numbers provided below are for the exclusive use of journalists, other media representatives and shareholders.): Jamie Scott Patterson, Director - Partnership Programs and Strategies, Canadian Automobile Association, Tel.: 613-247-0117, ext. 2020; Marie-Pierre Jodoin, Manager - Public Affairs, National Bank, Tel.: 514-394-4209


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890