RBC clients Sarah and Jack have discovered that using a line of credit helps them manage their day-to-day expenses, save money and improve their cash flow. Much of Sarah`s income comes from quarterly commissions – and having money on hand can be difficult during those “intermediate months.” How are they doing? They put a lot of their daily purchases on their travel bonus card and bring them closer to this dream trip to Paris. And if money is scarce in a given month, they pay off the balance with their lower line of credit. In this way, they receive the points and reduce their monthly payments and interest charges until the next commission cheque arrives. Sarah and Jack have used their credit line a lot every day: – Take advantage of opportunities like a seat sale in Paris with the lower interest rate of their line of credit – Improve their cash flow by changing balances and reducing their monthly interest charges with a lower interest rate: is this a tool that could work for you? Talk to your RBC advisor today. Most of us have a lot to do. Like RBC`s clients, Sarah and Jack. And they find that juggling the expenses of everyday life can handle a lot of things. That`s why they`re pleased that their RBC advisor recommended Kris get a line of credit a few years ago. It made a big difference. Kris explained to them that a line of credit is very similar to a loan – because they have been approved for a predetermined amount (or credit limit).

But unlike a loan, where you lend all in advance, once approved for a line of credit, you decide how much you use. You can use anything, or only part of it, at any time, without having to reapply. It`s also a bit like a credit card — but with a much lower interest rate and no annual fees or cash advances. By repaying what you borrowed on your line of credit, this amount will be reused. To learn more about a line of credit, and if that`s what you need, talk to your RBC advisor today. Your line of credit comes with a much lower interest rate than most credit cards. Add your credit card account as a beneficiary to use interest charges and save money by transferring higher interest debts to your line of credit. Install a beneficiary to use your line of credit, pay bills or transfer money online or mobile banking. Use your credit line in whole or in part at any time, without having to ask again. If you deposit your Royal Line credit balance, your balance will be available again.