109017 (04/2023)

IMPORTANT INFORMATION ABOUT YOUR RBC ROYAL BANK CREDIT CARD STATEMENT
The following is a summary of certain terms and conditions of your credit card account and details about some of

the information shown on your statement. Please refer to your credit card agreement for complete terms and
conditions for your account. For more tips on reading your statement, go to rbc.com/cardstatement.

New Balance. The Total Account Balance as of your Statement Date minus the total amount of Installments Not Yet
Due as shown on your statement. This is the amount you must pay to avoid interest on your regular purchases and
fees shown on this statement.

Statement Period. Your statement covers activity in your account from the day after your previous statement was
prepared to the last day of this statement period (your Statement Date). If the date we would ordinarily prepare
your statement falls on a date on which we do not process statements (such as weekends) we will prepare it on our
next statement processing date. Your Payment Due Date will be adjusted accordingly.

Total Account Balance. The total amount of your previous account balance, plus all new purchases and debits, cash
advances, interest, and fees shown on your statement, minus the amount of any payments and credits which have
been posted to your account on or before your Statement Date. The Total Account Balance includes the total
amount of Installments Not Yet Due as shown on your statement, and is the same as your New Balance if you do
not have any installment plans.

YOUR RESPONSIBILITIES

Review your statement carefully. If you think there is an error, omission or irregularity, you must contact us no later
than 30 days following your Statement Date at 1-800-769-2512. After 30 days, our records will be considered
correct except for credits improperly applied to your account.

Report lost or stolen cards. If your card is lost or stolen, or if you have your card but suspect that it or your account
number is being used by someone else, log in to RBC Online Banking or the RBC Mobile app and select the “Report
Lost or Stolen Card” option, or call 1-800-769-2512, immediately. This obligation applies to Primary cardholders,
Co-applicant cardholders and Authorized Users.

Making your payment. You may pay the New Balance (or if you have installment plans, the Total Account Balance)
in full or in part at any time. However, you must pay at least the Minimum Payment by the Payment Due Date
shown on the statement each month. If the Payment Due Date falls on a weekend or holiday, we will extend it to
the next business day. Remember to allow sufficient time for payments to reach us by the Payment Due Date.
Payments made by mail or through another financial institution may take several days to reach us and are not
credited to your account until we have processed them. Branch payments will be credited to your account on the
same day if made before the earlier of 6:00 p.m. local time or the branch closing time.

Missed payments. Missing payments (which means not making at least the Minimum Payment by the next
Statement Date) will affect your interest rates as follows:

* Ifyou miss making any Minimum Payment, you will lose the benefit of any introductory or promotional
interest rate offer in which you are participating, and your standard cash advance and purchase interest
rates will apply to any remaining balance(s) which were subject to that offer (subject to any further
increases set out below) as of the first day of the third Statement Period following the missed payment (or
the expiry date if it is earlier)

‘* Where you have installment plans and you miss making any Minimum Payment (including the one due in
the same Statement Period in which an installment plan is created), all your installment plans will be
cancelled. Any Monthly Principal amount(s) that you missed paying and your Installments Not Yet Due
("Unpaid Plan Principal”) will be subject to the interest rate applicable to regular purchases set out on this
statement in the “Payments & Interest Rates” section under “Annual interest rates” for “Purchases”,
subject to any further increase as described immediately below. This will also be the case for the Unpaid
Plan Principal if you choose to cancel your installment plan(s). See your Installment Plan Terms and
Conditions for further details.

READING YOUR STATEMENT

Activity Description. Each transaction and amount credited or charged to your account during the Statement Period

is described in this section, including the transaction and posting dates. If the transaction date is not available for

any transaction, its posting date is used as the transaction date. Transactions converted to installment plans are
marked by a“ symbol in the activity description. Interest is always calculated from the transaction date. If there is
more than one credit card on the account, transactions will be grouped by cardholder name, card number and
relationship to the account. Primary and Co-applicant cardholders (but not Authorized Users) are responsible for all
amounts charged to the account.

Payments & Interest Rates. This section displays the Minimum Payment and its Payment Due Date, your current

credit limit, and available credit as of the Statement Date. Your available credit does not reflect transactions or

payments made but not received by us by the Statement Date. Your current interest rates for cash advances and
purchases are also shown, as well as the expiry date if any of those rates are temporary. Any promotional or
installment plan rates are shown in the Interest Rate Chart.

Interest Rate Chart. This chart sets out the interest rate(s) that apply to the Total Account Balance, any remaining
balances associated with those rates, and expiry dates for any promotional and installment plan rates. Offers that
we may have made to you but which you are not using are not shown as they will not have any associated
balances. If you lose a promotional rate due to a missed payment, the Interest Rate Chart will continue to display
that promotional rate until the loss takes effect. The expiry date for an installment plan rate reflects the due date of
the final installment plan payment for that plan. If you lose an installment plan rate before its expiry date due to a
missed payment, your Interest Rate Chart will be updated in your next statement to reflect this, and any Unpaid
Plan Principal will be moved to your Purchases & Fees category. If an expiry date falls on a date on which we do
not process statements, we will continue to provide you with the benefit of the promotional or installment plan rate
until our next statement processing date.

Installment Plan Summary. If you have any installment plans, this chart sets out the details of such plans.
INTEREST AND OTHER CALCULATIONS

Determination of interest. You have a minimum 21 day interest-free grace period for new purchases. You can avoid
interest on these new purchases by (i) for new purchases (except those converted to installment plans) and fees,
paying your New Balance in full by your Payment Due Date, and (ii) for new purchases converted to installment
plans, paying your Total Account Balance in full by your Payment Due Date. If you do not pay your New Balance in
full by your Payment Due Date, you must pay interest on each new purchase retroactively from the transaction date
until the date we process your payment in full for those purchases. The accrued interest will appear on your next
statement. We continue to charge interest on the unpaid portion of those purchases until you pay the New Balance
in full on or before its Payment Due Date. Interest related to your purchases could appear on the first statement you
receive after we process that payment. This is interest that was not included in the New Balance you paid in full
because it accrued between the date the monthly statement which showed that New Balance was prepared and
the date you made your payment. For installment plans, interest is not included on your first statement after you
install a purchase to allow you to benefit from the interest-free grace period if you pay the Total Account Balance in
full by the Payment Due Date for that statement. If you do not pay this balance in full by the Payment Due Date, the
accrued interest on the installment plan will appear on your next statement. Fees are treated in the same manner
as purchases for the purpose of charging interest. Interest is always charged on cash advances from the day the
cash advance is made until the date we process the payment in full for those cash advances. Balance transfers,
cash-like transactions and bill payments made using your credit card at our branch, an ATM or our digital banking
service are treated as cash advances.

We do not charge interest on interest.

To calculate your interest shown in the Calculating Your Balance section of your statement, where there is only one
applicable interest rate in a Statement Period, 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. Where you have an installment plan,
we use the total principal amount of your installment plan still outstanding (including Installments Not Yet Due) as
the amount that you owe each day to calculate your average daily balance. Where you have more than one
applicable interest rate in a Statement Period, we determine your average daily balance for each rate. We then
multiply the average daily balance for each rate 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.

Applying your payments. We apply payments to your Minimum Payment first, then 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 any payment in excess of your Minimum Payment in the same proportion as each amount bears to your
New Balance. If you have paid more than your New Balance, we will apply any excess payment to amounts that
have not yet appeared on your monthly statement in the same manner as set out above, and then to Installments
Not Yet Due.

Foreign currency conversion. The exchange rate shown on your statement, to six decimal places, is calculated by
dividing the converted Canadian dollar (CAD) amount, rounded to the nearest cent, by the transaction currency
amount. It may differ from the original benchmark rate because of this rounding. The CAD amount charged to your
account is 2.5% over the benchmark rate, Some foreign currency transactions are converted directly to CAD, while
others may be converted first to U.S. dollars (USD), then to CAD. In either case, the benchmark rate will be the
actual exchange rate applied at the time of the conversion, and is generally set daily. The original benchmark rate
at the time a transaction was converted may be obtained at visa.com/exchange, if set by Visa, or
mastercard.ca/currency-converter, if set by Mastercard. You can also call us at 1-800-769-2512. For U.S. Dollar Visa
Gold Cardholders, transactions are shown in USD and the same principles will apply if an amount is charged in a
currency other than USD.

©! 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 owner(s).