Cardholders earn double rewards points when
dining in, taking out or ordering delivery to help drive business
for hard hit sector
TORONTO, June 17, 2020 /CNW/ - With restrictions on
restaurants beginning to ease across Canada, CIBC is launching a new
program to support these business owners and help them bring back
customers.
Through the Revival Rewards program, clients who use their CIBC
rewards credit cards, including Aeroplan®, Aventura® and
Dividend® to dine in, order take-out (including curbside
pickup), or order delivery from local restaurants will receive
double the rewards on their purchase.
Over the last three months, credit card spending at restaurants
has declined over 60% and was down more than 70% during the peak of
the pandemic, according to CIBC data, highlighting that restaurants
were some of the hardest hit businesses during the pandemic.
"From patio nights out with friends to weekend brunches with
family, local restaurants serve as mainstays in our neighbourhoods.
As restaurant owners start to re-open their doors while observing
public health measures to keep guests safe, we want to help
revitalize these important businesses," said Laura Dottori-Attanasio, Group Head, Personal
and Business Banking. "Our Revival Rewards program is designed to
help restaurant owners get back on their feet and underscores our
commitment to providing support for small business owners."
Card holders will receive double the rewards on up to
$1,000 spent at restaurants from
June 15 – August 4. To learn more, visit:
www.cibc.com/revivalrewards
About CIBC
CIBC is a leading Canadian-based global financial institution
with 10 million personal banking, business, public sector and
institutional clients. Across Personal and Business Banking,
Commercial Banking and Wealth Management, and Capital Markets
businesses, CIBC offers a full range of advice, solutions and
services through its leading digital banking network, and locations
across Canada, in the United States and around the
world. Ongoing news releases and more information about
CIBC can be found
at www.cibc.com/en/about-cibc/media-centre.html.
SOURCE CIBC