Yes, but use this link and you should get 20,000 and the first year waived.

http://www.rbcroyalbank.com/cards/ca...als/index.html

When you decide to claim an award, you should either wait to convert to BA during a 50% bonus promo or use the free flight anytime option based on fare.
35,000 will get you a ticket in north america worth up to $750 (excl tax which you pay). Only downside is min 2 week advance purchase required.

If you transfer to BA, remember that BA taxes and fees are as bad as AC and a free ticket can cost as much as some discounted fares ai.

LOL

ps "In order to receive the 20,000 bonus RBC Rewards points offer, your application must be received and approved by us by December 31, 2010."