Terms and Conditions - Business Credit Cards

® Registered trademarks of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada.

All other trademarks are the property of their respective owner(s).

†† Archive will start with statements produced after September 2008. As you continue to receive your statements, we will store them for 7 years.

1) To receive the 20,000 bonus RBC Rewards points, your application form must be approved by us. Upon enrolment, 20,000 bonus RBC Rewards points will appear on your first credit card statement. Bonus points are only offered to the Primary Business Cardholder on the account; Secondary Business Cardholder, as well as existing RBC Visa Business Platinum Avion cardholders as of the offer eligibility period are not eligible for this offer. This offer may not be combined or used in conjunction with any other offer. Royal Bank of Canada reserves the right to withdraw this offer at any time, even after acceptance by you.

2) Air Travel Reward redemptions from the Air Travel Redemption Schedule are 15,000 points for a round trip short-haul flight in economy class with a maximum ticket price of $350. All applicable taxes, service fees and surcharges are the responsibility of the traveler. For more details, including guidelines on redeeming for business class seats, visit www.rbcroyalbank.com/cards/rbcrewards/avion_booking (opens new window). For general redemption terms, conditions and restrictions that apply to the RBC Rewards program, please visit: www.rbcrewards.com (opens new window) or call 1-800 ROYAL® 1-2 (1-800-769-2512).

3) Coverage underwritten by RBC Insurance Company of Canada. All insurances subject to conditions and limitations. For more details, please refer to the insurance certificates that will come with your card.

4) RBC Rewards points are earned on net purchases only; they are not earned on cash advances (including balance transfers, cash-like transactions and certain bill payments), interest charges or fees, and credits for returns and adjustments will reduce or cancel the points earned by the amounts originally charged.

5) All rewards are subject to availability. If a merchandise item is unavailable exactly as shown, a substitute of equal or greater value will be sent to you. For complete terms, conditions and restrictions that apply to the RBC Rewards program, please visit: www.rbcrewards.com (opens new window) or call 1-800 ROYAL® 1-2 (1-800-769-2512).

7) This feature is only available to Business Owners. Supplementary cardholders who also have a personal Platinum Avion card or Visa Infinite Avion card are not eligible to combine points. If there are multiple Business Owners I) combining RBC Rewards points between business and personal Platinum Avion or Visa Infinite Avion cards is only available to one Business Owner, II) RBC Rewards points from all Business Platinum Avion cards can only be combined into the account of one Business Owner, and III) only that Business Owner will also be able to combine RBC Rewards between his/her business and personal Platinum Avion or Visa Infinite Avion cards.

8) Subject to credit approval. If you are a Primary Business Cardholder on a Visa Business Platinum Avion account (“Business Avion”) and you also are the primary cardholder on a personal Visa Platinum Avion or Visa Infinite Avion account (“Personal Avion”), the annual fee of either your Business Avion or Personal Avion card, at your choice, will be rebated from $120 to $50, every year, as long as you remain a Primary Business Cardholder on the Business Avion account and a primary cardholder on the Personal Avion account and both cards are in good standing. If you have more than one Personal Avion or Business Avion cards, the annual fee of that additional card will continue to be $50. No rebate will be applied retroactively, which means that depending on which card you want the rebate to be applied to, you may have to wait to your next annual renewal to benefit from the rebate. Royal Bank of Canada reserves the right to withdraw this offer at any time.

9) Coverage underwritten by RBC Insurance Company of Canada.

10) Coverage underwritten by RBC Insurance Company of Canada.

11) Coverage underwritten by Aviva General Insurance Company.

12) Coverage underwritten by Aviva General Insurance Company in Quebec and by RBC Insurance Company of Canada in the rest of Canada

13) Coverage underwritten by Royal & Sun Alliance Insurance Company of Canada.

14) Subject to credit approval. The variable annual interest rate will be determined based on information you provide on the application and any credit bureau information. The annual interest rate is based on the Prime Rate plus an additional premium that ranges between 0.9% and 6.9%. Your premium will be calculated on an annual basis and could only change once a year. Prime Rate means the annual rate of interest Royal Bank of Canada announces from time to time as a reference rate for determining interest rates on Canadian dollar commercial loans in Canada. Our Prime Rate in effect on the first business day of the month will be the Prime Rate we use for the purposes of calculating your annual interest rate for the statement period ending in that month, even if our Prime Rate has changed during the month. The Prime Rate may fluctuate from time to time. It can be found in all our branches or online at www.rbcroyalbank.com/rates (opens new window).

15) Assured Assistance Inc. cannot accept responsibility for the actual performance of any person or company made available to assist you.

16) Up to your available credit in Canadian funds. Subject to daily limits.

17) Discounts provided will appear as credits on your monthly credit card statements 8-10 weeks after purchase date. All terms, conditions and restrictions applicable to the Visa SavingsEdge Program are established by Visa Canada Corporation ("Visa"). Visa, not Royal Bank of Canada, is responsible for the Program. For details, visit www.visasavingsedge.ca. (opens external website in new window)

18) Visa SavingsEdge is an automated discount program offered by Visa Canada Corporation to eligible businesses and their authorized cardholders that hold an eligible Visa Business card and whose enrollment in the program is accepted by Visa. Under the program, cardholders can receive discounts from participating merchants each time the cardholder uses an enrolled Visa Business card to make qualifying purchases of goods or services pursuant to an active discount offered by the merchant and that transaction is processed or submitted through the Visa payment system (a “Qualifying Purchase”).

All insurance is subject to limitations and exclusions. Please refer to the Certificate of Insurance in your welcome kit for complete details.

19) Trip Cancellation insurance is subject to a limit of $1,500 for each Covered Person (to an overall maximum of $5,000 for all Covered Persons) per trip, and it protects eligible cardholders against the cost of non-refundable travel arrangements that were purchased with your RBC Visa Business Platinum Avion card if the trip is cancelled prior to your departure due to an unexpected or unforeseen covered risk. Trip Interruption insurance is subject to a maximum limit of $5,000 for each Covered Person, per trip, for a total maximum of $25,000. This coverage provides reimbursement for the non-refundable unused portion of your prepaid travel arrangements purchased with your RBC Visa Business Platinum Avion card, and interrupted due to a covered risk, including the extra costs of economy class transportation to your departure point. Please refer to the Insurance Certificate for complete details regarding these coverages.