CIBC Launches Reward Program to Re-start Economy and Support Local Restaurants

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TORONTO — With restrictions on restaurants beginning to ease across Canada, CIBC is launching a new program to support 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 takeout (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 more than 60 per cent and was down more than 70 per cent 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,” says 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 to August 4.

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