Interest rates are per annum and subject to change without notice at any time.
Your interest rate will increase by 5% on purchases and cash advances for at least 6 months if you do not make your minimum payment by the payment due date and you have not paid it by the date we prepare your next statement 2 or more times in any 12-month period. This will take effect in the third statement period following the missed payment that caused the rate to increase. (This does not apply to Commercial Cards.)
Our Prime Rate is the annual rate of interest announced by the Royal Bank of Canada from time to time and posted at our branches and on our website as a reference rate then in effect for determining interest rates of Canadian dollar commercial loans in Canada.
** As of June 2014 the RBC Private Banking Visa‡ Infinite product is no longer offered.
*** As of November 2016 the RBC Rewards Visa Gold product is no longer offered.
**** As of February 2015 the Target‡ RBC MasterCard product is no longer offered.