Terms and Conditions - RBC RateAdvantage Visa

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⁺ The annual interest rate is based on our Prime Rate plus a fixed percentage rate of interest above Prime Rate that ranges between 4.99% and 8.99%. The fixed percentage rate of interest above Prime Rate will be determined based on the information you provide in your application and information we collect from other sources, including credit rating agencies, and is subject to change. We will give you at least 30 days written notice of any increase of your fixed percentage rate of interest above Prime Rate. Prime Rate means the annual rate of interest Royal Bank of Canada announces from time to time as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans in Canada. It can be found in branches and online at www.rbcroyalbank.com/rates . 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 monthly statement period ending in that month, even if our Prime Rate has changed during the month. As of March 24th, 2014, Prime Rate was 3.00%.

⁺⁺ RBC Royal Bank credit card cheques and balance transfers can be used to transfer balances from your other financial institution’s credit card accounts to your RBC RateAdvantage Visa account. They cannot be used to pay any RBC Royal Bank credit card account or used for pre-authorized payments.

^** The RBC RateAdvantage Annual Fee Rebate Program (“Program”) allows you to get 1/12 of your credit card annual fee credited back to your credit card account (“Credit”), for any monthly statement period (“Period”) (i) you make at least your minimum payment by the payment due date, and (ii) you or any other cardholder on the account makes at least one (1) eligible financial transaction which impacts your credit card account balance (“Eligible Transaction”), such as, but not limited to, a purchase, a cash advance or a bill payment. Except for the annual fee, a fee or an interest charge is also considered an Eligible Transaction. For greater clarity, this means that provided you meet the conditions explained in (i) and (ii) above every Period, your annual fee will be entirely credited back to your credit card account over a 12-month period, year after year, for as long as your credit card account remains in good standing. For any Period you meet the conditions explained in (i) and (ii) above, the Credit will be applied to your credit card account on your next statement date and will appear as “RateAdvantage Annual Fee Credit” on your next monthly statement. The Credit does not count towards your minimum monthly payment. Should you close your credit card account prior to your next statement date, the Credit you may be entitled to for meeting the conditions explained in (i) and (ii) above for that Period, will be lost. Royal Bank of Canada reserves the right to change or cancel the Program at any time.

^{^}For illustrative purposes only. Cost comparison made with various credit cards and interest accumulated over 12 months. It is based on a $5,000 transfer, with no promotional rate fee and assuming only the minimum payment is made each month and that balance is carried for 12 months without other transactions. Actual interest cost and your potential savings depend on outstanding balance, payment amounts/timing and other factors.

1) Cash advances, including cash withdrawals from an ATM and credit card cheques, can be made up to your available credit and daily limits. There is no interest-free period for cash advances, which means that interest is charged from the day the cash advance is made until we receive your payment for the total amount you owe. Cash advance fees may apply depending on the type of cash advance. Please refer to your RBC RateAdvantage Visa Agreement for more details.

2) Coverage underwritten by RBC General Insurance Company.

3) Coverage underwritten by RBC General Insurance Company in the province of Quebec and by RBC Insurance Company of Canada in the rest of Canada. All insurance is subject to limitations and conditions. You will receive a Certificate of Insurance with complete details regarding the insurance coverage on your RBC RateAdvantage Visa card.

4) Coverage underwritten by RBC Insurance Company of Canada.

RBC Road Assist services are provided by Dominion Automobile Association. Member accounts are administered by D+H Limited Partnership, an independent third party service provider. Royal Bank of Canada and its affiliates accept no liability in respect of these services.