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.
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.
0% applies to your RBC MyProject MasterCard only. Interest is charged at the annual rate set out in your RBC MyProject Credit Agreement from the date your credit card balance is converted to your MyProject Loan.