RBC and Lowe's Canada team up to help Canadians achieve their … – Canada NewsWire

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Sep 22, 2022, 07:31 ET
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New collaboration options unique money again affords and a handy financing resolution
TORONTO, Sept. 22, 2022 /CNW/ – At this time, Royal Financial institution of Canada (RBC) and Lowe’s Canada introduced their joint strategic initiative to assist Canadians receive extra worth from their residence enchancment services. Lowe’s Canada is the most recent main retailer to affix Canada’s largest proprietary rewards program–Avion Rewards–to ship unique affords to eligible Avion Rewards members. Launching later this fall, the collaboration may also embody a versatile financing choice to assist Canadians pay for his or her purchases, whether or not or not they financial institution with RBC.
“We’re persevering with to see robust demand throughout the residence enchancment and DIY renovation house as Canadians look to boost their property worth and high quality of dwelling,” stated 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 residence enchancment retailers – to assist Canadians understand financial savings and supply extra methods to finance their renovation tasks to allow them to flip their residence enchancment imaginative and prescient into actuality.”
Beginning right this moment, buyers 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 instantly entry the next affords:
To begin saving, shoppers 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 prospects may also have a extra versatile fee choice at checkout, each in-store and on-line with Lowe’s, RONA and Réno-Dépôt. PayPlan by RBC shall be out there at collaborating shops, providing a variety of clear phrases, no late charges and larger fee flexibility. Lowe’s, RONA and Réno-Dépôt prospects 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 prospects is an on a regular basis precedence for our groups, particularly within the present atmosphere. We’re thrilled to companion with RBC to assist Canadians get much more bang for his or her buck, due to the energy of our mixed networks. This partnership won’t solely make it simpler for our prospects to entry financing for his or her tasks, however it is going to additionally create financial savings for them, making households’ goals for his or her houses much more accessible,” stated Tony Cioffi, President of Lowe’s Canada.
For full supply particulars, please go to, and to be taught extra.
Lowe’s Firms, Inc. (NYSE: LOW) is a FORTUNE® 50 residence enchancment firm serving roughly 19 million buyer transactions per 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 residence enchancment and {hardware} shops and make use of over 300,000 associates. Primarily based 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 few complementary codecs underneath totally different banners, which embody 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
Royal Financial institution of Canada is a world 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 convey our imaginative and prescient, values and technique to life so we may also help our shoppers thrive and communities prosper. As Canada’s largest financial institution and one of many largest on the planet, primarily based on market capitalization, we now have a diversified enterprise mannequin with a deal with innovation and offering distinctive experiences to our 17 million shoppers in Canada, the U.S. and 27 different international locations. Study extra at
We’re proud to help a broad vary of neighborhood initiatives by donations, neighborhood investments and worker volunteer actions. See how at
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]
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