Borrow Up to $425,000 + Get 30,000 Avion Points^
When you open a Medical/Dental Royal Credit Line and join Avion Rewards1,2
Access the funds you need and get points for two short-haul, round-trip flights to an adjacent province/territory or adjacent U.S. state, based on Avion Elite redemption. Max ticket price $700.
See eligibility criteria. Terms, conditions and exclusions apply. Offer ends May 31, 2026.
Borrow up to $425,000 with a Medical/Dental Royal Credit Line*
Supplement your cash flow with a personal line of credit that can give you access to the funds you need, when you need them upon approval*,**,1.
Top Benefits
- Low Interest Rate: Borrow at Prime minus 0.25%2 as an RBC Healthcare Advantage or Healthcare Advantage Pro customer.
- Reuse Available Credit: Once you pay down your balance, those funds are available to you again – there’s no need to re-apply.
- Flexible Payment Terms: Make just the minimum payment3 or pay more at any time to reduce your balance.
Get 30,000 Avion Points** when you open a Medical/Dental Royal Credit Line
With 30,000 Avion points, you can take two short-haul flights within or to an adjacent province or state (based on an Avion Elite redemption. Max ticket price $700). Enough for two quick getaways!
Avion Rewards, Canada’s largest bank-owned loyalty program, brings you more ways to shop, earn, save, and redeem every day. When you open a Royal Credit Line and join Avion Rewards or are an existing Avion Rewards member, you could earn 30,000 Avion points – and use them toward everyday rewards that make life a little easier:
- Book flights, hotels and car rentals
- Pay down credit cards, loans and bills
- Get gift cards and merchandise from thousands of brands
- Save on everyday favorites like your go-to cup of coffee
Terms and conditions apply. Applications are subject to credit approval. Apply by May 31, 2026, to be eligible for this offer.
An RBC Healthcare Specialist can offer personalized support through the application process. Here’s what you need to prepare:
- A letter of employment, resident employment contract or acceptance letter into a Canadian Medical or Dental Resident Program.
Trademark(s) 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 owners.
Personal lending products are provided by Royal Bank of Canada and are subject to its standard lending criteria. If your credit history is limited, or you are studying at an educational institution outside of Canada, a co-signor may be required.
This Royal Credit Line Promotional Offer (the “Promotional Offer”) is available from March 2, 2026, to May 31, 2026, inclusive (the “Promotional Period”).
The Promotional Offer is available to eligible applicants for Royal Credit Line for Students, as well as Medical/Dental Royal Credit Line, who, at the start of the Promotional Period, do not have a Royal Credit Line (RCL) with Royal Bank of Canada, and who otherwise comply with the terms and conditions (the “Terms”) provided herein.
The Promotional Offer is:
- 7,500 Avion points for eligible students enrolled in a “General Program” or “Professional Program”, or
- 30,000 Avion points for eligible students enrolled in a “Medical or Dental program”, “Medical or Dental Residents”, or “Medical or Dental Practicing Professionals”.
“General Program” means all undergraduate and graduate programs, such as a master’s degree or Doctor of Philosophy degree (PhD), excluding Professional Programs. “Professional Program” means professional graduate or specialized health science programs. “Medical or Dental Program” means post-secondary level programs, upon the completion of which, the student will receive a Doctor of Medicine (M.D.) or Doctor of Dental Surgery (DDS). “Medical or Dental Residents” means newly graduated doctors or dentists undergoing postgraduate training as part of a residency program. “Medical or Dental Practicing Professionals” means graduated doctors and dentists who are licensed, registered, and are actively practicing medicine or dentistry. Please speak with an RBC advisor to confirm eligibility.
The Terms:
To qualify to receive the applicable benefit of this Promotional Offer:
- I. you must either be a student who is enrolled in an eligible General Program, Professional Program, Medical or Dental program, or a Medical or Dental resident or practicing professional as described above.
- II. you must be the primary applicant for an RCL with Royal Bank of Canada.
- III. you must start your RCL application by 11:59pm EST on May 31, 2026.
- IV. your application must be approved and activated by 11:59pm EST on June 14, 2026.
- V. your Line of Credit Account must be in good standing (for example, your Line of Credit Account must not be in a delinquent status) and open at the time the Avion points are awarded.
- VI. you must be an Avion Rewards member before June 14, 2026. To check your membership status or to join now and accept Terms and Conditions, please go to https://www.avionrewards.com/index.html and sign in with your Online Banking credentials.
Note: Eligible students, as part of their Student RCL, Medical/Dental RCL for Students application, may be required to provide proof of enrolment in an eligible General Program, Professional Program, or Medical/Dental program as applicable.
In addition to any other exclusions described in these terms, this Promotional Offer is not available in respect of (i) Credit Limit Increases on existing RCL’s; (ii) RCL’s that were opened prior to the Promotional Period; (iii) Student RCLs or Medical/Dental RCL for Students held by individuals who have already completed their studies (as applicable), even if their Student RCL or Medical/Dental RCL for Students remains open during or after the Promotional Period; (iv) Student RCLs or Medical/Dental RCL for Students held or opened by individuals enrolled in programs of study other than an eligible general, professional, or Medical or Dental programs (as described above).
If you qualify to receive the benefit of this Promotional Offer, the Avion points you qualify to receive, as applicable, will be deposited into your eligible Avion Rewards account within eight (8) weeks of the offer end date (May 31, 2026) (no action required from you). In order to receive the points for which you have qualified, you must be an Avion Rewards member at the time the points are awarded. If you are not an Avion Rewards member as of the date we attempt to deposit the benefit of this Promotional Offer, you will forfeit this benefit and be deemed to have not qualified for the Promotional Offer. For more information on eligibility visit https://www.avionrewards.com/eligibility.html.
Only one Promotional Offer payment per client per activated RCL. Promotional Offer and RCL applications are subject to Royal Bank of Canada’s standard lending criteria and other applicable restrictions.
Other Terms and Conditions:
If you are an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder (“RBC Avion Cardholder”) you may redeem 7,5001 and 30,0002 Avion points for Travel Value of $1751 or $7002 respectively, is based on the Air Travel Redemption Schedule. Air Travel Reward redemptions from the Air Travel Redemption Schedule start at 7,500 Avion points for a one-way short-haul flight within or to an adjacent province/territory or within or to an adjacent U.S. State. All applicable taxes, service fees, and surcharges are the responsibility of the traveler. For more details, including information on redeeming for first class and business class seats, visit: https://www.avionrewards.com/travel/index.html. If you are not an RBC Avion Cardholder, different redemption rates apply. Avion points can also be redeemed for travel, gift certificates/cards, brand name merchandise, and more. All rewards are subject to availability and may change without prior notice. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates. Redemption rates vary depending on the redemption category and products held.
Your points will be awarded to your Avion Rewards Core Account. Should you be an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder, in order to receive the best value for your points you will need to transfer them to your respective Credit Card points account For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512). For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com.
75001 points is enough for a one-way flight within or to an adjacent province/state. 30,0002 points is enough for two round-trip flights within or to an adjacent province/state. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates.
Redemption rates vary depending on the redemption category. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).
All Avion Rewards members can redeem Avion points for travel, gift certificates/cards, brand name merchandise, and other categories. All rewards are subject to availability and may change without prior notice. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates. Redemption rates vary depending on the redemption category and products held.
To be eligible to apply for the medical and dental student RCL or Healthcare Advantage, a resident must be enrolled in a Canadian dental or medical resident program, and a practicing professional must have their MD or DS designation.
Royal Bank “Prime Rate” means the annual rate of interest announced by Royal Bank of Canada from time to time as its reference rate then in effect for determining interest rates on Canadian dollar commercial loans made by the Bank in Canada. The current Royal Bank Prime Rate may be viewed here, and is subject to change at any time without notice. Prime minus 0.25% on the Royal Credit Line are available to clients participating in the RBC Healthcare Advantage program. The discounted rate is subject to change at any time without notice. October 30, 2025, the Royal Bank Prime Rate was 4.450%.
The minimum payment is the accrued interest, service fees and any other charges that apply for that period, including your Loan Protector insurance premium and taxes, if applicable.
Personalized Support for Residency and Beyond
From managing debt and everyday expenses to preparing for life after residency, receive advice that reflects the financial realities you face today and the opportunities ahead.
Build a Strong Financial Foundation
While you focus on your training, an RBC Healthcare Specialist can help you manage your finances and position yourself for long-term success:
- Access the Funds You Need: Bridge income gaps, relocate for residency and reach other goals with a flexible line of credit and other borrowing options.
- Manage Your Debt and Budget: Get help creating a realistic budget to balance paying down student debt with managing everyday expenses and cash flow.
- Start Investing Early: Help your money grow faster in tax-smart plans like the Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) or First Home Savings Account (FHSA).
- Enjoy Savings and Perks: Reduce your banking and borrowing costs with fee waivers, preferred interest rates and special offers through RBC Healthcare Advantage.
Make Career Moves with Confidence
Get support navigating complex and important financial decisions as you move from residency into practising:
- Relocating: Whether you’re moving or staying local, secure a mortgage based on your unique income potential and professional stability.
- Cash Flow: Manage income gaps and stay on top of expenses as you transition from regular paycheques to practice income.
- Medical Billing Support: Submit your billing claims in seconds and optimize your earnings with Dr.Bill, Canada's leading dedicated medical billing provider.
- Incorporation: Get insights into timing, financial impacts and other key considerations.
- Long-Term Goals: Start planning for your long-term personal and professional goals as your career progresses, and your priorities shift.
Unlock Maximum Savings with RBC Healthcare Advantage
RBC Healthcare Advantage3 is designed to support you with exclusive savings, including fee waivers, preferred interest rates and special offers. Get the RBC VIP Banking account and an eligible RBC credit card at no cost to unlock all the savings and benefits of RBC Healthcare Advantage, including:
Tools to Help You Plan for Residency and Beyond
Monthly Cash Flow Calculator
Looking for a clear view of your monthly cash flow? Estimate your fixed, flexible and discretionary costs.
Estimate Your Cash Flow
Rent vs. Buy Calculator
Estimate the home you could afford based on your current monthly rent payment.
See what you could afford
Debt Consolidation Calculator
Estimate the potential cost savings of consolidating some or all of your debts into a new loan.
See if consolidating makes senseExplore More Resources for Medical and Dental Residents
From borrowing and budgeting to homeownership, explore financial wellness topics tailored to you.
Make Your Line of Credit Work Hard During Your Medical or Dental Career
When used strategically, a line of credit can help support you during your healthcare career for years, while keeping debt manageable.
Read more
Four Questions Medical Residents Should Answer Before Buying a Home
If you’re considering homeownership and don’t know where to begin, here are four questions to see if you’re financially ready.
Read more
How to Create a Business Plan for Your Medical Practice
A medical practice business plan is like a roadmap. You can go on your journey without one, but you're more likely to get lost along the way.
Read moreFrequently Asked Questions
At RBC, your medical/dental Royal Credit Line is designed to grow with your career—you don’t have to reapply after graduation or residency. Unlike other financial institutions that may require you to reapply for your credit line or convert your line of credit into a loan when you begin practising, RBC keeps things simple.
As long as you make your minimum monthly payments (if carrying a balance), your line of credit remains active throughout residency and into your professional journey, providing uninterrupted financial support as your career progresses.
Have other questions? Contact an RBC Healthcare Specialist today.
While you’re in residency, you’ll need to make a minimum monthly payment, which covers the interest on what you’ve borrowed and any insurance premiums, if you have coverage. You can also choose to set up automatic payments—monthly, semi-monthly, bi-weekly or weekly—to start paying down your balance. If you ever want to pay off the full amount early, you can do that anytime with no penalty.
Have other questions? Contact an RBC Healthcare Specialist today.
RBC Healthcare Advantage simplifies your finances while maximizing your savings. To enjoy all the benefits of RBC Healthcare Advantage, both the RBC VIP Banking account and an eligible personal RBC credit card are required.
RBC Healthcare Advantage benefits include:
- Monthly fee waiver on RBC VIP Banking—an annual savings of $360 (required)
- Annual fee rebate on one eligible RBC credit card—an annual savings of up to $165 (required)
- Prime minus 0.25% rate on a medical/dental Royal Credit Line
- Prime minus 0.25% rate on an RBC Homeline Credit Line
- 6 months of no management fees at RBC InvestEase, our low-cost, low-effort digital investment service
- Preferred guaranteed investment certificate (GIC) rates to help your savings grow faster
Contact an RBC Healthcare Specialist today to get started.
Managing finances as a resident can feel challenging, but with a clear plan, you can stay on track. Here are a few strategies that can help:
- Track Your Cash Flow: Use the Monthly Cash Flow Calculator to visualize your income, expenses and debt payments. This tool helps identify areas to cut back or reallocate funds.
- Prioritize Essentials: Focus on necessities like rent, groceries and transportation and set aside a realistic amount for these expenses in your budget.
- Tackle Debt Strategically: Work with an RBC Healthcare Specialist to balance student loan repayments with daily expenses. Consider consolidating high-interest debt or adjusting payment plans.
- Plan for Irregular Costs: Set aside a little bit each month to create a fund for extra expenses like exams, relocation or conferences.
- Build a Buffer: Prioritize building an emergency fund for unexpected expenses.
- Talk to a Professional: An RBC Healthcare Specialist can help create a personalized budget, factoring in line of credit interest, lifestyle needs and long-term goals.
By staying proactive, you can navigate residency with financial confidence.
Many residents successfully balance their student debt repayments with their investing goals. Here’s how you can start:
- Create a Balanced Plan: Work with an RBC Healthcare Specialist to develop a strategy that aligns with your cash flow, financial goals and risk tolerance. They’ll help you prioritize debt payments while identifying opportunities to invest.
-
Start Small and Stay Consistent: Even small, regular contributions to your investment account(s) can grow over time. Consider setting up automatic transfers to make saving a habit.
The example below shows how an investment can grow over a 10-year period, assuming consistent monthly contributions and no withdrawals.
Scenario Monthly Investment Time Period Assumed Annual Return Total Contributions Future Value 1 $50 10 years 5% $6,000 $8,100 2 $100 10 years 5% $12,000 $16,200 3 $200 10 years 5% $24,000 $32,400 Scenario Monthly Investment Time Period Assumed Annual Return Total Contributions Future Value 1 $50 10 years 5% $6,000 $8,100 2 $100 10 years 5% $12,000 $16,200 3 $200 10 years 5% $24,000 $32,400 These examples are for illustration only. Actual results depend on interest rates, contribution frequency and investment provider terms.
- Focus on Long-Term Growth: Investing early (even with small amounts) can help you make the most of compound growth. At the same time, it’s important to continue chipping away at high-interest debt to minimize your long-term borrowing costs.
- Review and Adjust: Regularly reassess your plan as your income, debt and goals evolve. An RBC Healthcare Specialist can help optimize your strategy over time.
Your decision to rent or buy a home during residency can depend on:
- Your financial situation
- The length and location of your residency program
- Where you intend to practice
If your residency program is short term and the costs of buying (and maintaining) a home feel too overwhelming, renting may be a good option. On the other hand, if you plan to stay in the same location long term and have funds for a down payment, closing costs and home maintenance or repairs, buying may be a good option.
For more information, explore a wide range of helpful home-buying articles and try out our Rent vs. Buy Mortgage Calculator. If you have specific questions or are ready to start the home-buying process, speak with an RBC Healthcare Mortgage Specialist.
Transitioning to practice comes with important financial decisions, and preparing early can help you feel more confident and in control. Here are a few things you can do to prepare:
- Keep track of your cash flow situation as your income changes
- Plan for upcoming expenses such as licensing, insurance and practice setup
- Review your credit needs and debt repayment strategy
- Think about your long-term goals—like saving, investing and protecting your income
An RBC Healthcare Specialist can help you navigate these decisions, align your personal and professional finances, and create a plan that supports your transition.
Whether you're embarking on a solo practice, joining a partnership or group practice, or looking to open your own clinic, a business plan can help you make informed financial decisions and pave the way for long-term success and professional satisfaction. You can start preparing for your practice business plan by:
- Gathering key documents: Collect your credentials and licensing documentation, insurance, professional memberships, and any partnership agreements.
- Conducting market research: Assess your chosen location’s viability, including analysis of existing competitors, population demographics, and proximity to complementary services—this insight will strengthen your business plan’s strategic foundation.
- Assessing costs and making projections: Get an accurate idea of the typical costs associated with opening a practice or clinic.
- Using a business plan template: A structured template can help organize your ideas, clarify assumptions and prepare for your conversation with lenders, advisors and partners.
For additional information, assistance and next steps, contact an RBC Healthcare Specialist and check out How To Create a Business Plan for Your Medical Practice.
As you move towards independent practice, medical billing becomes your responsibility. Here are a few important things to consider during this transition:
- Registering: You’ll need to register for a billing number with your provincial health authority.
- Billing: Decide whether you’ll hire a billing agent, manage your billing directly through your EMR/EHR, use a billing software solution or a combination of these solutions.
- Managing Cash Flow: Payment delays (often 30-60 days) can create income gaps, so consider building a budget reserve to bridge these gaps and be aware of monthly provincial cut-off dates.
- Tax Planning: Set aside funds for self-employment taxes (e.g. HST/GST and income tax installments).
To streamline this process, consider using Dr.Bill, a medical billing software currently available in Ontario, BC and Alberta. Dr.Bill makes it easy to find the right codes, submit claims and optimize your earnings—all with ongoing support from a team of billing specialists. An RBC Healthcare Specialist can also help you find tailored cash flow solutions to smooth the transition and bridge payment gaps.
Incorporating is a significant decision that depends on your specialty, income level and long-term financial goals. Here are some key considerations for incorporation:
- Tax Planning and Income Smoothing: Incorporation can provide tax advantages by allowing you to split income among family members, defer taxes through retained earnings and optimize tax brackets.
- Asset Protection: A professional corporation can help separate your personal and business assets and may reduce exposure to some business risks. Rules and requirements for medical professional corporations vary by province.
- Costs vs. Benefits: Incorporation involves setup fees, annual maintenance costs and administrative burdens. A tax professional can help determine if the long-term savings outweigh these expenses.
- Timing: Incorporation timing depends on your career stage. It’s often cost-effective for mid-career physicians or dentists with stable income, while early-career or pre-retirement physicians or dentists should weigh benefits against upfront costs and long-term goals.
Incorporation is not a one-size-fits-all solution. Speak with an RBC Healthcare Specialist to discuss your unique situation.
Let’s Simplify the Money Side, So You Can Focus on Residency
Talk to an RBC Healthcare SpecialistOr call us at 1-833-395-8118
Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. © Royal Bank of Canada 2026.
This Royal Credit Line Promotional Offer (the “Promotional Offer”) is available from March 2, 2026, to May 31, 2026, inclusive (the “Promotional Period”).
The Promotional Offer is available to eligible applicants for Royal Credit Line for Students, as well as Medical/Dental Royal Credit Line, who, at the start of the Promotional Period, do not have a Royal Credit Line (RCL) with Royal Bank of Canada, and who otherwise comply with the terms and conditions (the “Terms”) provided herein.
The Promotional Offer is:
- 7,500 Avion points for eligible students enrolled in a “General Program” or “Professional Program”, or
- 30,000 Avion points for eligible students enrolled in a “Medical or Dental program”, “Medical or Dental Residents”, or “Medical or Dental Practicing Professionals”.
“General Program” means all undergraduate and graduate programs, such as a master’s degree or Doctor of Philosophy degree (PhD), excluding Professional Programs. “Professional Program” means professional graduate or specialized health science programs. “Medical or Dental Program” means post-secondary level programs, upon the completion of which, the student will receive a Doctor of Medicine (M.D.) or Doctor of Dental Surgery (DDS). “Medical or Dental Residents” means newly graduated doctors or dentists undergoing postgraduate training as part of a residency program. “Medical or Dental Practicing Professionals” means graduated doctors and dentists who are licensed, registered, and are actively practicing medicine or dentistry. Please speak with an RBC advisor to confirm eligibility.
The Terms:
To qualify to receive the applicable benefit of this Promotional Offer:
- I. you must either be a student who is enrolled in an eligible General Program, Professional Program, Medical or Dental program, or a Medical or Dental resident or practicing professional as described above.
- II. you must be the primary applicant for an RCL with Royal Bank of Canada.
- III. you must start your RCL application by 11:59pm EST on May 31, 2026.
- IV. your application must be approved and activated by 11:59pm EST on June 14, 2026.
- V. your Line of Credit Account must be in good standing (for example, your Line of Credit Account must not be in a delinquent status) and open at the time the Avion points are awarded.
- VI. you must be an Avion Rewards member before June 14, 2026. To check your membership status or to join now and accept Terms and Conditions, please go to https://www.avionrewards.com/index.html and sign in with your Online Banking credentials.
Note: Eligible students, as part of their Student RCL, Medical/Dental RCL for Students application, may be required to provide proof of enrolment in an eligible General Program, Professional Program, or Medical/Dental program as applicable.
In addition to any other exclusions described in these terms, this Promotional Offer is not available in respect of (i) Credit Limit Increases on existing RCL’s; (ii) RCL’s that were opened prior to the Promotional Period; (iii) Student RCLs or Medical/Dental RCL for Students held by individuals who have already completed their studies (as applicable), even if their Student RCL or Medical/Dental RCL for Students remains open during or after the Promotional Period; (iv) Student RCLs or Medical/Dental RCL for Students held or opened by individuals enrolled in programs of study other than an eligible general, professional, or Medical or Dental programs (as described above).
If you qualify to receive the benefit of this Promotional Offer, the Avion points you qualify to receive, as applicable, will be deposited into your eligible Avion Rewards account within eight (8) weeks of the offer end date (May 31, 2026) (no action required from you). In order to receive the points for which you have qualified, you must be an Avion Rewards member at the time the points are awarded. If you are not an Avion Rewards member as of the date we attempt to deposit the benefit of this Promotional Offer, you will forfeit this benefit and be deemed to have not qualified for the Promotional Offer. For more information on eligibility visit https://www.avionrewards.com/eligibility.html.
Only one Promotional Offer payment per client per activated RCL. Promotional Offer and RCL applications are subject to Royal Bank of Canada’s standard lending criteria and other applicable restrictions.
Other Terms and Conditions:
If you are an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder (“RBC Avion Cardholder”) you may redeem 7,5001 and 30,0002 Avion points for Travel Value of $1751 or $7002 respectively, is based on the Air Travel Redemption Schedule. Air Travel Reward redemptions from the Air Travel Redemption Schedule start at 7,500 Avion points for a one-way short-haul flight within or to an adjacent province/territory or within or to an adjacent U.S. State. All applicable taxes, service fees, and surcharges are the responsibility of the traveler. For more details, including information on redeeming for first class and business class seats, visit: https://www.avionrewards.com/travel/index.html. If you are not an RBC Avion Cardholder, different redemption rates apply. Avion points can also be redeemed for travel, gift certificates/cards, brand name merchandise, and more. All rewards are subject to availability and may change without prior notice. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates. Redemption rates vary depending on the redemption category and products held.
Your points will be awarded to your Avion Rewards Core Account. Should you be an RBC Avion Visa Infinite, RBC Avion Visa Platinum, RBC Avion Visa Infinite Privilege, RBC Avion Visa Infinite Business, or RBC Avion Visa Business cardholder, in order to receive the best value for your points you will need to transfer them to your respective Credit Card points account For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512). For complete terms, conditions and restrictions that apply to the Avion Rewards program, please visit: www.avionrewards.com.
75001 points is enough for a one-way flight within or to an adjacent province/state. 30,0002 points is enough for two round-trip flights within or to an adjacent province/state. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates.
Redemption rates vary depending on the redemption category. For general redemption terms, conditions and restrictions that apply to the Avion Rewards program, please visit avionrewards.com or call 1-800 ROYAL 1-2 (1-800-769-2512).
If you are not an RBC Avion Cardholder, different travel redemption rates apply. Please refer to the Avion Rewards Terms and Conditions for information on how to redeem and redemption rates Avion Rewards Terms and Conditions.
All Avion Rewards members can redeem Avion points for travel, gift certificates/cards, brand name merchandise, and other categories. All rewards are subject to availability and may change without prior notice. Please refer to the Avion Rewards Terms and Conditions for a list of eligible products and respective travel redemption rates. Redemption rates vary depending on the redemption category and products held.
Royal Bank of Canada may withdraw or amend this Offer at any time without notice. For full details including defined terms visit rbc.com/watchterms.
A $30 monthly fee for the RBC VIP Banking account will be waived for the duration you are a Plan member. The $30 monthly fee will be automatically charged based on your next monthly cycle if you are no longer a Plan member. This offer shall not be combined with any other personal banking account offer or promotion. Only one fee waiver per client, no matter how many RBC VIP Banking accounts are opened, whether in sole or joint ownership. To benefit from the fee waiver, all your eligible accounts with us must remain in good standing and you must have an active RBC VIP Banking account and an Eligible Credit Card that is active and in good standing at all times for the duration that you are a member of the Plan.
RBC VIP Banking account comes with a choice of up to two additional Canadian dollar deposit accounts, to be selected among the RBC Day to Day Banking®, RBC Enhanced Savings® and RBC Day to Day Savings® accounts, and one additional U.S. dollar deposit account, limited to the U.S. Personal Account®, with the monthly fees waived. Note: Due to system limitations all accounts must be opened by the client in the same geographic location or region to be recognized for this bundling feature. If you have questions, please speak to your branch.
35,000 welcome Avion points (“Welcome Points”) will appear on your monthly credit card statement within sixty (60) days after your application has been approved, provided that your Eligible Credit Card account remains open and in good standing at the time the Welcome points are credited to your account, “good standing” meaning that your Eligible Credit Card account must not be past due for more than two (2) consecutive credit card account statement periods, closed, charged off or in credit revoked status.
You will receive 20,000 bonus Avion points (“Bonus Points”) if a total of $5,000 or more (“Qualifying Transaction Amount”) in qualifying net purchases and/or pre-authorized bill payment transactions (“Qualifying Transactions”) are posted to your Eligible Credit Card account within the first six (6) months from your Eligible Credit Card account opening date (“Period”). The Bonus Points will appear on your monthly credit card statement within sixty days (60) after you reach $5,000 in Qualifying Transactions, provided your Credit Card Account remains open and in good standing at the time the Bonus Points are credited to your account.
Qualifying Transactions exclude cash advances (including balance transfers, cash-like transactions and bill payments that are not pre-authorized charges that you set up with a merchant), interest charges and fees. Credits for returns and adjustments posted to your Credit Card account during the Period will reduce the amount of your Qualifying Transactions. The Qualifying Transaction Amount is based on the transaction posting date of each Qualifying Transaction, not the transaction date. This means that transactions that take place prior to the last day of the Period will not be considered for the Qualifying Transaction Amount if they have not yet been posted or processed by the merchant, the payment network (Visa) or Royal Bank by the last day of the Period.
If you close or change your Eligible Credit Card for another type of RBC Royal Bank credit card before the Welcome Points and/or the Bonus Points have been credited to your account, you may lose the benefit of this offer. This offer may not be combined or used in conjunction with any other offer. Royal Bank reserves the right to cancel, modify or withdraw this offer at any time without notice, even after your application has been approved, including if we suspect that you may be manipulating or abusing it, or engaging in any suspicious or fraudulent activity, as determined by Royal Bank in its sole discretion. For complete terms and conditions that apply to the Avion Rewards Program, please visit www.avionrewards.com or call 1-800-769-2512.
RBC Homeline Plan
Finance important goals, improve your cash flow and save money. The RBC Homeline Plan combines an RBC mortgage and Royal Credit Line into one product that allows you to access the equity you have in your home.
Top Benefits
-
Low Interest Rate
Borrow at Prime - 0.25%1 with RBC Healthcare Advantage or RBC Healthcare Advantage Pro
-
Credit Grows with Your Equity
Borrow up to 80% of the value of your home—your credit grows as you pay down your mortgage
-
Apply Once, Borrow Again
Access credit when you need it—apply once and borrow without needing to reapply
Key Features
- Use your home’s equity for home improvements, education, debt consolidation or emergency readiness
- Only pay for the credit you use on your Royal Credit Line
- Easily access your credit through RBC Online Banking, the RBC Mobile2 app, RBC ATMs, branches or via cheque
- Choose to make interest-only monthly payments3 or pay off your balance in part or in full at any time
RBC VIP Banking Account
The most valuable features we offer in a single account.
This all-inclusive bank account is designed to simplify your everyday banking. And, if you’re an RBC Healthcare Advantage or RBC Healthcare Advantage Pro customer, we’ll waive the $30 monthly fee1,2.
Top Benefits
-
Unlimited debit transactions worldwide3
Other Key Features
- Up to $120 rebate on the annual fee of an eligible premium credit card9
- No minimum balance required
- Overdraft protection fee waived10
- Choice of up to two additional Canadian accounts and one U.S. personal account with monthly fees waived11
RBC VIP Banking account comes with a choice of up to two additional Canadian dollar deposit accounts, to be selected among the RBC Day to Day Banking®, RBC Enhanced Savings® and RBC Day to Day Savings® accounts, and one additional U.S. dollar deposit account, limited to the U.S. Personal Account®, with the monthly fees waived. Note: Due to system limitations all accounts must be opened by the client in the same geographic location or region to be recognized for this bundling feature. If you have questions, please speak to your branch.
RBC Credit Cards Eligible for Annual Fee Rebate
If you have an RBC VIP Banking account and one of the eligible credit cards below, you will receive either a partial or full rebate on the card’s annual fee each year1.
Receive a full rebate on the annual fee for the primary cardholder and the additional cardholders (co-applicant and authorized users) on any of the following cards:
- RBC Avion Visa Infinite
For those who want unparalleled travel flexibility with our most popular Avion travel credit card - WestJet RBC World Elite Mastercard
For the WestJet flier who wants access to more rewards and benefits - RBC British Airways Visa Infinite
For The British Airways flier who wants travel benefits and insurance
Receive a partial rebate of $120 on the annual fee for the primary cardholder and $50 for the co-applicant for:
- RBC Avion Visa Infinite Privilege card
For those who want to start travelling in style with luxury travel perks