Personal Finance

[RBC DI] 20% bonus from points towards Financial Products

  • Last Updated:
  • Feb 9th, 2018 1:02 pm
Deal Addict
Sep 2, 2009
2215 posts

[RBC DI] 20% bonus from points towards Financial Products

Until the 16th, RBC is reducing the amount of points needed from 12k to 10k for deposits to RBC Direct Investing accounts.

"Did you know that you can easily convert your RBC Rewards points to cash for deposits or contributions to eligible RBC Direct Investing accounts? Plus, you can also redeem your Rewards points to pay your online and mobile trade commissions.
During the offer period, the minimum redemption is reduced from 12,000 points to only 10,000 points! That means that redeeming 15,000 points gets you a $150 contribution or deposit to your RBC Direct Investing RRSP, TFSA, RESP and personal non-registered account – that’s $25 more than before!"

Probably not for everyone, but I will likely use it to move money into RRSP to generate a tax refund on the amount (get the bonus plus the tax refund).

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