(08/2022) RBC® ION+™ Visa‡

Information Box and Disclosure Statement - subject to change

Initial Credit
$2,500
Limit
Annual Interest Purchases: 20.99%
Rate Cash Advances: 22.99% (21.99% if you reside in Quebec)
These interest rates are in effect on the date your credit card account is opened (whether or not your card is activated).
Rates will increase to 25.99% on purchases and 27.99% (26.99% if you reside in Quebec) on cash advances if your minimum
payment is not made by the payment due date and it is not paid by the date we prepare your next statement 2 or more times in any 12
month period. This will take effect on the first day of the next statement period following the missed payment that caused the rates to
increase. Higher rates will remain in effect until you have paid your minimum payment by your new statement date for 12 consecutive
months thereafter.
Interest-free You will benefit from an interest-free period of at least 21 days for (i) new purchases (except purchases converted to installment plans)
Grace Period and fees if you pay your New Balance (which is the sum of all amounts due, including all installment plan principal payments + interest
or monthly fees due that statement period, minus credits and payments) in full by the payment due date shown on your statement; and
(ii) new purchases converted to installment plans if you pay your Total Account Balance (New Balance + installment plan payments not
yet due) in full by the payment due date shown on your statement. There is no interest-free period for cash advances (cash withdrawals,
balance transfers, certain bill payments and cash-like transactions). If interest is charged, it is charged from the transaction date. Installment
plan interest is charged in accordance with the installment plan terms.
Determination If interest is charged, it is calculated on your average daily balances but only added to your credit card account monthly on the day we
of Interest prepare your statement. To calculate your interest, we add the amount you owe each day, and divide the total by the number of days in
the statement period. This is your average daily balance. We multiply the average daily balance by the applicable daily interest rate
(obtained by taking the annual interest rate and dividing it by the number of days in the year). We then multiply this value by the total
number of days in the statement period to determine the interest we charge you. When there is more than one applicable interest rate,
we calculate your interest based on the average daily balances for each rate.
Minimum $10 plus interest and fees (excluding any installment plan interest or monthly fees), plus Total Monthly Plan Payments (which are made
Payment up of all installment plan principal payments + interest or monthly fees due that statement period).
If you reside in Quebec and your credit card account was opened on or after August 1, 2019, the greater of (i) Total Monthly Plan
Payments, plus 5% of your New Balance (excluding Total Monthly Plan Payments); or (ii) $10. If you reside in Quebec and your credit
card account was opened before August 1, 2019, the greater of (i) Total Monthly Plan Payments, plus:
• 3% of your New Balance (excluding Total Monthly Plan Payments) starting August 1, 2021
• 3.5% of your New Balance (excluding Total Monthly Plan Payments) starting August 1, 2022
• 4% of your New Balance (excluding Total Monthly Plan Payments) starting August 1, 2023
• 4.5% of your New Balance (excluding Total Monthly Plan Payments) starting August 1, 2024
• 5% of your New Balance (excluding Total Monthly Plan Payments) starting August 1, 2025;
or (ii) $10.
In all cases, any previously unpaid Minimum Payments are included in your Minimum Payment. Your Minimum Payment is your New
Balance if your New Balance (i) consists only of Total Monthly Plan Payments; or (ii) is less than $10.
Foreign Transactions in a foreign currency are converted to Canadian dollars no later than the date we post the transaction to your account at
Currency an exchange rate that is 2.5% over a benchmark rate Royal Bank of Canada pays on the date of conversion.
Conversion
Annual Fee $4 a month ($48 annually) for the primary card. No annual fee for each additional card. $4 a month is charged on the last day of your
monthly statement period following account opening (whether or not the card is activated) and monthly thereafter on the last day of the
statement period.
Other Fees Cash Advance Fee: $5.00 for cash withdrawals, cash-like transactions, bill payments or balance transfers made at an introductory interest
rate offered at account opening or at your standard interest rate.
Balance Transfer Promotional Rate Fee: Up to 3% of the transaction amount when you take advantage of a promotional interest rate
offered to you after account opening by making a balance transfer during the promotional period. Exact fee will be disclosed with the
offer. Cash Advance and Balance Transfer Promotional Rate fees are charged within 3 business days of the posting date.
Overlimit: $29 if your balance exceeds your credit limit at any time during your monthly statement period. Charged once per statement
period, on the day your balance first exceeds your credit limit, and on the first day of each subsequent statement period, if your balance
remains overlimit. If you reside in Quebec, this fee does not apply.
Additional Copies: $5 for each monthly statement, $1.50 for each statement update at an ATM or branch, $2 for each transaction
receipt that does not relate to the current statement. Charged within 3 business days of each request.
Dishonoured Payment: $45 charged on the date a payment reversal is posted for a payment returned to your credit card.
Installment Plan Fee: If applicable, either a (i) one-time fee of up to 3% of the total purchase amount converted to an installment plan,
charged within 3 business days of conversion; or (ii) monthly fee of up to 1.15% of the total purchase amount converted to an installment
plan, charged on the last day of each statement period, so long as any portion of the purchase amount remains in the installment plan
(fees for the first and second month are charged on your second statement). Exact fee will be disclosed at the time you set up your plan. If
you reside in Quebec, this fee does not apply.