Examples of Commercial Card Product in a sentence
For each Commercial Card Product selected by the Customer, Royal Bank will set a Customer Account Credit Limit.
If the Commercial Card Product earns the Customer a certain percentage of the total amount of eligible net Purchases charged to the Customer Account annually, the Customer acknowledges that the Customer’s participation in the “Cash Back program” is subject to the RBC Cash Back Terms and Conditions, which are available for review at xxxx://xxx.xxxxxxxxxxxx.xxx/credit-cards/documentation.html.
If the Commercial Card Product earns RBC Rewards points, which can be redeemed for merchandise, travel and other rewards, the Customer acknowledges that the Relevant Party’s participation in the “RBC Rewards program” is subject to the RBC Rewards Terms and Conditions, which are available for review at xxx.xxxxxxxxxx.xxx.
For example, if a Cash Advance is missing the country code, Royal Bank will assume the Cash Advance is a foreign transaction and a $5.00 CAD or USD fee, depending on the Commercial Card Product, will be charged each time.
Upon the opening of a VPA Account, Royal Bank will provide the VPA Account Holder and VPA Administrator with the certificates of insurance applicable to the Commercial Card Product.
If the Customer has a Commercial Card Product that is discontinued or is no longer offered by Royal Bank for any reason, the Customer agrees that Royal Bank may change the Customer’s Commercial Card Product for another type of Commercial Card Product, which will continue to be governed by the terms set out in these Commercial Card Program Service Materials, send replacement Physical Cards to all Cardholders and set up new VPA Accounts.
Commercial Card Product Non-Refundable Annual Fees Grace Period (days) Interest Rate For each card Purchase Interest Rate Cash Advance Interest Rate RBC Commercial Avion Visa $120 21 19.99% 22.99% RBC Commercial Cash Back Visa $60 21 19.99% 22.99% RBC Commercial Visa $30 21 19.99% 22.99% RBC Commercial U.
Upon the issuance of a Physical Card, Royal Bank will provide the Cardholder with a Cardholder Agreement outlining the terms and conditions for the use of the Physical Card by the Cardholder, as well as the certificates of insurance applicable to the Commercial Card Product.
They also apply (a) when Royal Bank sends a reissued or replacement Physical Card to any Cardholder, including when a Physical Card expires, (b) each time a Virtual Card Number is generated from a VPA Account, (c) if the Customer changes its Commercial Card Product for a different type of Commercial Card Product, or (d) if the Customer adds a new Commercial Card Product to its existing Commercial Card Product(s).
Upon the issuance of a Card, Royal Bank will provide the Cardholder with a Cardholder Agreement outlining the terms and conditions for the use of the Card by the Cardholder, as well as the certificates of insurance applicable to the Commercial Card Product.