Are you thinking about renovating your home? Maybe you want to put in a new pool, landscape your yard or pay for a wedding? If you are looking for a flexible way to finance a specific project, the RBC MyProject MasterCard can help you to realize your dreams, within your budget and schedule.
You are on: Features and Benefits
The RBC MyProject MasterCard combines the use of a credit card with the security and repayment schedule of a fixed or variable rate loan. It’s a unique and practical solution for anyone who wants a cost-effective and flexible way to finance a big project.
You are on: How it Works
Applying for and using the RBC MyProject MasterCard is simple!
The ideal time to apply is about 3-4 weeks before you're ready to start your project. You can apply online in three easy steps. During your application, you'll have the option to choose:
After submitting your application, you will know your application status and repayment terms within 24 hours. The RBC Royal Bank branch will call you when your card is ready to be picked up—approximately 1-2 weeks after approval.
Use your card to make project-related purchases anywhere MasterCard is accepted during your interest-free, 6-month purchase period. Use the credit card cheques to pay suppliers that do not accept MasterCard or withdraw cash at the ATM.
At the end of your purchase period, your RBC MyProject MasterCard account will expire and your balance will automatically convert to a loan with regular monthly payments.
Tip: If you need additional financing after your purchase period ends, you can apply for a new RBC MyProject MasterCard.
You are on: Frequently Asked Question
It takes less than 10 minutes to apply online and you'll know your application status within 24 hours. When your card is ready, you pick it up at an RBC branch of your choice.