IMPORTANT INFORMATION

The promotional interest rate is applicable to balance transfers you make by calling 1-866-854-7530, visiting RBC Online Banking at rbcroyalbank.com/online or launching the RBC Mobile app during the promotional offer period. All other account activities are subject to the annual interest rate(s) indicated on your monthly statement.

The use of a balance transfer is charged to your credit card account as a cash advance, and interest is charged from the day the balance transfer is made, until we receive your payment for the total amount you owe.

A Promotional Rate Fee of up to 3% of the transaction amount will be charged to your account for each balance transfer transaction if you take advantage of this promotional interest rate offer. The exact Promotional Rate Fee is disclosed in the offer details provided to you. The Promotional Rate Fee is treated in the same manner as purchases for the purpose of charging interest. The transaction date for a fee is the date that the fee is posted to your account.

Balance transfers are final and cannot be reversed once they are submitted. Balance transfers can only be made to Canadian dollar accounts and may take 3 to 4 business days to appear in the recipient account. Charges may apply for transfers made to the recipient account based on the terms and conditions applicable to that account. We recommend you verify before proceeding. If the amount of the balance transfer exceeds the available credit on your credit card account at the time of processing, the transaction will not be completed and you will receive notification of the failed transaction in the mail.

The promotional interest rate applies up to the end of your monthly statement billing period following the expiry date of this offer. The Interest Rate Chart on your monthly statement will indicate the date on which the promotional interest rate expires, as long as you have a remaining balance associated with your promotional interest rate. If we do not process statements on the expiry date (for example, if it falls on a holiday or weekend), you will continue to benefit from that promotional interest rate until your statement is prepared, the next processing day. At the expiration of the offer, any remaining balance(s) that was subject to the promotional interest rate under this offer will be subject to the cash advances interest rate indicated on your monthly statement.

When you make a payment to your credit card account we will apply the amount up to your minimum payment, first to any monthly installment plan payments (Total Monthly Plan Payments) on any installment plans you have, second to any interest (excluding interest on installment plans), and third to any fees (excluding monthly fees on installment plans). We will apply the remainder of any minimum payment to your new balance, generally starting with amounts bearing the lowest interest rates before amounts bearing higher interest rates.

If you pay more than your minimum payment, we will apply the amount over the minimum payment to the remainder of your new balance. If the different amounts that make up your new balance are subject to different interest rates, we will allocate your excess payment in the same proportion as each amount bears to the remainder of your new balance. If the same interest rate is applicable to both a cash advance and a purchase, we will apply your payment against the cash advance and the purchase in a similar proportionate manner.

If you pay more than your new balance, we will apply any payment in excess of the new balance in the following order: (i) to amounts that have not yet appeared on your monthly statement, and then (ii) to any installment plan payments not yet due, in both cases in the same proportionate manner as set out above.

Your payment will not be applied to the balance(s) of your choice, such as the balance(s) with the highest interest rate, or to any category of balance(s) following a specific order. For example, if your purchases balance at the standard interest rate is $800 and you have a cash advances balance of $200 at a promotional interest rate, proportionate allocation means that 80% of your payment will be allocated to your purchases balance and 20% will be allocated to your cash advances balance.

If you miss making any minimum payment by the payment due date and if you have not paid it before the date we prepare your next monthly statement, you will lose the benefit of this promotional interest rate offer and any remaining balance(s) that was subject to the promotional interest rate under this offer will be subject to the cash advances interest rate indicated on your monthly statement, beginning on the first day of the third statement period after the missed payment.

If your RBC Royal Bank credit card number changes for any reason before the expiration of the offer (for example, you change your credit card to another type of card), you will no longer be able to access the promotional interest rate offer. Any existing balances subject to the promotional interest rate under this offer will continue to be charged at the promotional rate indicated until the promotional interest rate offer expiry date.

If the use of a balance transfer exceeds your credit card account’s available credit limit, it will be declined.

As with any cash advance, the use of a balance transfer does not qualify for Avion Rewards^® points, partner rewards or cash back credits if your credit card is a type that earns rewards or cash back.

Balance transfers cannot be used to pay any RBC Royal Bank credit card account or used for pre-authorized payments.

Please call customer service for up-to-date information on your credit card account. Your RBC Royal Bank Credit Card Agreement explains the terms under which you use your RBC Royal Bank credit card. Please refer to it for full details.