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Banner (Ex) wrote:
At 5th level, a cavalier’s banner becomes a symbol of inspiration to his allies and companions. As long as the cavalier’s banner is clearly visible, all allies within 60 feet receive a +2 morale bonus on saving throws against fear and a +1 morale bonus on attack rolls made as part of a charge. At 10th level, and every five levels thereafter, these bonuses increase by +1. The banner must be at least Small [b]or larger and must be carried or displayed by the cavalier or his mount to function.
*shrugs*
It gives you a bonus on charging. The basic Cavalier is all about charging.