RBC and Lowe’s Canada team up to help Canadians achieve their home improvement dreams with meaningful savings and flexible financing

“We continue to see strong demand in the home improvement and DIY renovation sectors as Canadians look to increase their property values ​​and quality of life,” he said Niranjan Vivekanandan, Senior Vice President, Loyalty & Merchant Solutions, RBC. “We are very pleased to be working with Lowe’s Canada – one of canada leading home improvement retailer – to help Canadians achieve savings and provide more opportunities to fund their home improvement projects so they can turn their home improvement vision into a reality.”

Starting today, shoppers can use their RBC debit or credit card to earn cash back in the form of bank statements at all Lowe’s, RONA and Réno-Dépôt corporate stores Canada and online for instant access to:

  • Private customers receive 10% cashback the first time $250 of their total spend followed by 5% cashback on their next $1,250 of the total expenses (a total value of $87.50).
  • Commercial bank customers get 5% cashback the first time $3,000 of their total expenses (a value of $150).
  • Canadians who apply for a new RBC credit card through Lowe’s, RONA and Réno-Dépôt corporate stores or online will receive 10% cashback on all purchases made at Lowe’s in the first 12 months canada Banner locations, up to $1,000 in total expenses (a total value of $100). In addition, once customers have reached their $1,000 overall they receive a 1% cashback offer on all purchases.
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To start saving, customers can log into RBC Online Banking, the RBC Mobile App or the Avion Rewards App to load their offers onto their RBC debit or credit card prior to shopping. Once they make a purchase and pay with their RBC card, their cashback savings will be credited to their account.

In the coming months, eligible customers will also have a more flexible payment option at checkout, both in-store and online with Lowe’s, RONA and Réno-Dépôt. PayPlan by RBC will be available in participating stores and will offer a wide range of transparent terms, no late fees and greater payment flexibility. Lowe’s, RONA and Réno-Dépôt customers will soon be able to use them PayPlan by RBC to help them break down major purchases and pay in installments.

“Providing high value to our customers is a daily priority for our teams, especially in the current environment. We’re thrilled to be working with RBC to help Canadians get even more bang for their buck through the strength of our combined networks. This partnership will not only make it easier for our customers to access financing for their projects, but also provide them with savings, making families’ dreams for their home even more accessible,” the company said Tony CioffiPresident of Lowes Canada.

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For full offer details please visit www.rbc.com/lowes, www.rbc.com/rona and www.rbc.com/renodepoten to find out more.

About Lowes Canada

Lowe’s Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company that handles approximately 19 million customer transactions weekly The United States and Canada. With fiscal year 2021 sales of over $96 billion, Lowe’s and its affiliates operate or service nearly 2,200 home improvement and hardware stores and employ over 300,000 people. Based in Boucherville, Quebec, Lowe’s Canadian business, together with its wholly owned subsidiary RONA Inc., operates or services approximately 450 corporate and independent partner retailer stores in a variety of complementary formats under various banners including Lowe’s, RONA, Reno-Depot and Dick’s Lumber. in the Canada, they have more than 26,000 employees, in addition to approximately 5,000 employees in the stores of independent partner dealers operating under the RONA banner. Visit lowescanada.ca for more information.

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About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-driven approach to delivering leadership. Our success rests on the more than 92,000 employees who use their imagination and insight to bring our vision, values ​​and strategy to life so we can help our customers thrive and communities thrive. As canada largest bank and one of the largest in the world based on market capitalization, we have a diversified business model focused on innovation and delivering exceptional experiences to our 17 million customers Canada, the USA and 27 other countries. Learn more at rbc.com.

We are proud to support a wide range of community initiatives through donations, community investments and employee volunteerism. To learn how, visit rbc.com/community-social-impact.


For more information: For media inquiries please contact: Julia Miller, RBC Corporate Communications, [email protected]; Media Relations, Lowe’s Canada, [email protected]

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