To stimulate local economies across Canada, RBC Rewards gives clients double the points at restaurants and 30% more value when they redeem points for gift cards or pay with points in-store

TORONTO, June 29, 2020 /CNW/ - This Canada Day, Royal Bank of Canada (RBC) is helping to stimulate growth in local economies through Points for Canada, a new RBC-funded campaign that gives RBC Rewards clients the opportunity to enjoy significantly more value when they shop and dine at businesses across Canada.

RBC Logo (CNW Group/RBC Royal Bank)

"We know the last three months have been extremely difficult for business owners in Canada as the majority experienced a significant loss of revenue due to the pandemic," said Neil McLaughlin, Group Head, Personal & Commercial Banking at RBC. "Throughout COVID-19, we have supported clients and businesses through a variety of relief programs and we're proud to build on that commitment by now focusing on ways we can help stimulate growth in local economies across the country. Through Points for Canada, we're pleased to be able to help our Canadian clients receive more value from their points and help them support local businesses in their recovery."

During the month of July, RBC personal and business clients who pay using their RBC Rewards credit card, including the market-leading RBC Avion travel cards, earn 2x RBC Rewards points at restaurants across Canada (opt-in required), and at Petro-Canada from July 15 to July 21 (no opt-in required). In addition, RBC Rewards credit card clients save 30% when they redeem their RBC Rewards points to purchase select gift cards from their favourite Canadian brands, including the RBC Visa Prepaid Card which can be used to shop locally. RBC is also providing clients with 30% more value when they redeem their RBC Rewards points by using Pay In Store with Points at retailers across Canada.

Points for Canada is just another step in RBC's journey to support the recovery of businesses across Canada and local economies. In the coming weeks, RBC will be unveiling additional offers and programs designed to get Canadians engaged in supporting small and local businesses across the country.

To learn more about Points for Canada and for a list of participating brands, clients can visit www.rbcrewards.com/pointsforcanada.

About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

SOURCE RBC Royal Bank

Copyright 2020 Canada NewsWire

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