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CIBC launches Revival Rewards™ to help restart the economy and support local restaurants

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 15August 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

For further information: Katarina.Milicevic@cibc.com or 416-586-3609
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