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).

1) To receive the 15,000 bonus RBC Rewards points, your application form must be received by December 31, 2012 and approved by us. Upon enrolment, 15,000 bonus RBC Rewards points will appear on your first credit card statement. Additional cardholder(s), as well as existing RBC Royal Bank 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. Air Travel Reward redemptions from the Air Travel Redemption Schedule start at 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 traveller. 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).

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 RBC Royal Bank credit card cheques, 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) If the first Visa Business Platinum Avion card on the account is a Business Owner's card and such Business Owner also has a personal Visa Platinum Avion or Visa Infinite‡ Avion card, then the annual fee for the first Visa Business Platinum Avion card is reduced from $120 to $50, each year, as along as the Business Owner remains a personal Visa Platinum Avion or Visa Infinite Avion cardholder.

9) Coverage underwritten by Desjardins Financial Security Life Assurance Company.

10) Coverage underwritten by RBC Insurance Company of Canada.

11) Coverage underwritten by RBC General Insurance Company.

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

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. As of the date of this letter, the Prime Rate is: 3.0%. 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.

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