Dubai: The National Bank of Abu Dhabi (NBAD) in collaboration with MasterCard Worldwide, recently launched the co-branded NBAD Gems MasterCard Titanium Credit Card.

The card made from 100 per cent biodegradable material is co-branded with Gems Education, the largest private education provider with 29 schools across the UAE, and offers cardholders value and convenience when making their child's school or day-to-day payments.

"This collaboration builds on our commitment to pass on to our parents and students the benefits of Gems Education's long and fruitful association with reputable financial institutions like NBAD and with MasterCard," said Richard Forbes, Director of Marketing and Communications, Gems Education.

The card comes with a number of benefits such as up to 11 per cent discount on advance payment of tuition fees. It also comes with special offers at venues across the UAE.

"Gems card reflects NBAD's practice of teaming up with the right partners and working methodically to develop a product that delivers true value for consumers," said Suvo Sarkar, the General Manager of Consumer and Elite Banking at NBAD.

It has no annual fee.

"At MasterCard, we are committed to financial education around the world," said Eyad Al Kourdi, vice-president and country manager of UAE, MasterCard Worldwide.