VISA^*

Rates for 22 November 2009

Royal Bank Card Products page

NOTES

• Interest rates are per annum and subject to change without notice at any time
• Rates shown are calculated on a per annum basis
• The Visa products outlined in this document are offered by Royal Bank of Canada
• Interest rate goes up 5% per annum if the Minimum Payment is not made as required, two times consecutively or three times during any 12-month period

INTEREST CHARGES

• You will pay no interest on purchases and fees as long as you continue to pay us your New Balance by your Payment Due Date shown on your statement every month. If you do not pay your New Balance in full by your Payment Due Date, you lose this interest-free status for purchases and fees. You must then pay interest on all purchases and fees shown on that month's statement and on all new purchases and fees, from the transaction date until we receive your payment for the total amount you owe.
• You always pay interest on cash advances, including Visa cheques, balance transfers, cash-like transactions and bill payments made using your Visa Account at our branch, at an ATM or using Online Banking. Interest is charged from the day the cash advance is made until we receive your payment for the total amount you owe.
• The transaction date for a purchase, fee, cash advance, or any other activity is the date shown under Activity Description on the front of your statement.
• You do not pay any interest on Interest.