The credit-card arm of Rizal Commercial Banking Corp. (RCBC) is encouraging its clients to donate reward points, proceeds of which will be used to acquire tablets for students amid the shift to digital learning.
In a statement on Tuesday, RCBC Bankard Inc. said that cardholders can donate their credit card points starting at 800 reward points.
As of September 3, the credit card subsidiary has received over 1.25 million reward points, translating to the purchase of 280 school tablets.
The donation drive began in August and will end on November 30.
The student beneficiaries were identified by RCBC Bankard’s partner organizations.
Among the children receiving the school tables are high school and indigent students of Upskills+ Foundation in Tondo and Navotas and students coming from the #WalangIwanan program.
“Since the educational landscape has shifted more to online learning, the rewards donation drive is a timely initiative,” RCBC Bankard said. “The effort of the bank aims to help those who want to continue their education but without the means.”
Earlier this month, parent firm RCBC announced its partnership with the Agricultural Credit Policy Council (ACPC) to launch a digital credit program for small farmers and fishermen amid the shift to the so-called new
normal.
The collaboration of the ACPC and RCBC allows farmers and fishermen to open digital deposit accounts without requiring an initial amount and maintaining balance. Other features include cardless automated teller machine withdrawals, fund transfers and bills payment.
This after RCBC said it will offer digital livelihood to over 600,000 repatriated migrant workers amid the coronavirus. It is working with the Ekolife Overseas Filipinos Worldwide Marketing Cooperative in providing alternative jobs.
RCBC saw its net income in the first half climb by 17 percent to P3.1 billion from P2.66 billion last year because of higher trading gains, which surged by 80.3 percent to P5.9 billion. As of end-June, total assets and capital stood at P718.75 billion and P84.44 billion, respectively.