“We’re persevering with to see sturdy demand inside the house enchancment and DIY renovation house as Canadians look to boost their property worth and high quality of residing,” mentioned Niranjan Vivekanandan, Senior Vice-President, Loyalty & Service provider Options, RBC. “We’re excited to collaborate with Lowe’s Canada – one in all Canada’s most distinguished house enchancment retailers – to assist Canadians notice financial savings and supply extra methods to finance their renovation tasks to allow them to flip their house enchancment imaginative and prescient into actuality.”

Beginning immediately, consumers can use their RBC debit or bank card to earn money again within the type of assertion credit in any respect Lowe’s, RONA and Réno-Dépôt company shops throughout Canada and on-line to right away entry the next affords:

• Private banking purchasers will obtain 10% money again on the primary $250 of their complete spend, adopted by 5% money again on their subsequent $1,250 of complete spend (a complete worth of $87.50).
• Enterprise banking purchasers will obtain 5% money again on the primary $3,000 of their complete spend (a worth of $150).
• Canadians who apply for a brand new RBC bank card by way of Lowe’s, RONA and Réno-Dépôt company shops or on-line will obtain 10% money again on all purchases for the primary 12 months at Lowe’s Canada’s banner areas, as much as $1,000 in complete spend (a complete worth of $100). Moreover, as soon as purchasers have achieved their $1,000 in complete spend, they are going to be eligible to obtain a 1% money again supply on all purchases.

To start out saving, purchasers can sign-in to RBC On-line Banking, the RBC Cellular app or the Avion Rewards app to load their affords to their RBC debit or bank card earlier than they store. As soon as they make a purchase order and pay with their RBC card, their money again financial savings shall be credited to their account.

Within the coming months, eligible clients can even have a extra versatile fee possibility at checkout, each in-store and on-line with Lowe’s, RONA and Réno-Dépôt. PayPlan by RBC shall be obtainable at taking part shops, providing a variety of clear phrases, no late charges and higher fee flexibility. Lowe’s, RONA and Réno-Dépôt clients will quickly have the choice to make use of PayPlan by RBC to assist them break down bigger purchases and pay in installments.

“Bringing nice worth to our clients is an on a regular basis precedence for our groups, particularly within the present setting. We’re thrilled to accomplice with RBC to assist Canadians get much more bang for his or her buck, due to the energy of our mixed networks. This partnership is not going to solely make it simpler for our clients to entry financing for his or her tasks, however it’s going to additionally create financial savings for them, making households’ desires for his or her houses much more accessible,” mentioned Tony Cioffi, President of Lowe’s Canada.

For full supply particulars, please go to www.rbc.com/lowes, www.rbc.com/rona and www.rbc.com/renodepoten to be taught extra.

About Lowe’s Canada

Lowe’s Corporations, Inc. (NYSE: LOW) is a FORTUNE^® 50 house enchancment firm serving roughly 19 million buyer transactions every week in the US and Canada. With fiscal yr 2021 gross sales of over $96 billion, Lowe’s and its associated companies function or service practically 2,200 house enchancment and {hardware} shops and make use of over 300,000 associates. Based mostly in Boucherville, Quebec, Lowe’s Canadian enterprise, along with its wholly owned subsidiary RONA inc., operates or providers some 450 company and impartial affiliate seller shops in quite a lot of complementary codecs underneath completely different banners, which embrace Lowe’s, RONA, Reno-Depot, and Dick’s Lumber. In Canada, they’ve greater than 26,000 associates, along with roughly 5,000 workers within the shops of impartial affiliate sellers working underneath the RONA banner. For extra data, go to lowescanada.ca.

About RBC

Royal Financial institution of Canada is a worldwide monetary establishment with a purpose-driven, principles-led method to delivering main efficiency. Our success comes from the 92,000+ workers who leverage their imaginations and insights to deliver our imaginative and prescient, values and technique to life so we may help our purchasers thrive and communities prosper. As Canada’s largest financial institution and one of many largest on this planet, based mostly on market capitalization, now we have a diversified enterprise mannequin with a concentrate on innovation and offering distinctive experiences to our 17 million purchasers in Canada, the U.S. and 27 different international locations. Study extra at rbc.com.

We’re proud to assist a broad vary of group initiatives by way of donations, group investments and worker volunteer actions. See how at rbc.com/community-social-impact.

SOURCE RBC Royal Financial institution

For additional data: For media inquiries, please contact: Julia Miller, RBC Company Communications, [email protected]; Media Relations, Lowe’s Canada, [email protected]