The Globe and Mail reports in its Thursday edition that Tim Hortons is launching a credit card that can be used through its mobile app, the latest move into an increasingly competitive rewards space. A Canadian Press dispatch to The Globe says that Tims Financial is a new division of Tim Hortons that will offer a no-annual-fee MasterCard backed by Neo Financial. The card will be launched in the coming months, but interested customers can sign up for a wait list on the Tims Financial website. Customers will be able to earn Tims Rewards points on most purchases, including on many gas, grocery and transit purchases, and extra points at Tim Hortons restaurants. The Tims Rewards app already has features like mobile order and scan and pay, and now it features a payment option. Tim Hortons will also offer a second version of its credit card aimed at students, newcomers and others with limited or no credit history. This secured credit card will earn Tims Rewards points and may help users build their credit, the company said. The credit card management will be fully embedded into the existing rewards app, including applying for the card and viewing statements. Almost five million Canadians use the app every month.