Hey everyone! There’s been an incredibly hot topic buzzing through Canadian circles lately that’s got renters absolutely thrilled — Chexy. This innovative payment platform finally lets us pay rent, utilities, property taxes, and even CRA tax bills with credit cards — and we earn cash back and airline miles while doing it! As someone who’s been living in Canada for years, I personally tested it out and discovered this is truly a game-changer for renters, especially for friends who love smart money-saving strategies. This is basically an essential tool!
Today I’m sharing my firsthand experience and comprehensive guide to help you pay your fixed expenses the smartest way possible while earning substantial rewards!
Table of Contents
🌟 What is Chexy? Why Should You Try It?
Chexy is a Toronto-based fintech startup platform that solves the traditional problem of being unable to use credit cards for fixed bills. Simply put, it allows you to use credit cards to pay:
- Rent (your largest monthly fixed expense)
- Utilities, internet, and phone bills
- Property taxes
- CRA tax payments (personal income tax, HST, etc.)
- Insurance premiums (auto insurance, landlord liability insurance, etc.)
- Tuition, childcare, and various other bills
The best part? Chexy charges just a 1.75% transaction fee (for Canadian domestic Visa and Amex credit cards), which is one of the lowest rates in Canada among similar services! For comparison, other platforms typically charge 2.5% or more. Chexy’s low fee rate gives us much more room to earn actual rewards.
For example, if you use the Scotiabank Momentum Visa Infinite card (which offers 4% cash back on recurring bills) to pay rent through Chexy, then:
4% cash back – 1.75% transaction fee = 2.25% net profit!
For friends paying $2,000 monthly rent, you can net $45 every month — that’s $540 in extra income per year! This is absolutely amazing, equivalent to getting half a month’s rent for free!
🧩 How Does Chexy Work? (Super Simple!)
Chexy’s operating mechanism is quite straightforward. Here’s how it works:
- Register with Chexy and set up payee information (such as your landlord’s email)
- Link your credit card as the payment method
- Set the payment amount and date (one-time or recurring monthly)
- Chexy charges your credit card (including the 1.75% fee)
- Then transfers the money to the payee via e-Transfer or other methods
The best part is that your landlord or payee doesn’t need to register with Chexy and doesn’t even need to know you’re using this service! They’ll simply receive a regular electronic transfer (e-Transfer) or other payment, just like you normally would through bank transfer. The entire process is completely seamless for the payee, while you earn credit card rewards — super convenient!
💡 Chexy Tutorial (Zero Difficulty!)
Want to start using this awesome service? Here are the detailed steps:
1️⃣ Create an Account
First, head to the Chexy website to register. I highly recommend using my exclusive referral link (https://app.chexy.co?ref=VPijyO1CbyfLbkM93eXuZO3ZZzk2) to register — you’ll receive a $15 sign-up bonus (equivalent to processing about $857 in transactions for free)!
The registration process requires basic information and identity verification (you may need to upload ID documents and a selfie). This ensures platform security, which is reasonable given it involves financial transactions.
2️⃣ Set Up Payment Details
After logging in, select “Add a Bill”:
- Rent payment: Enter your landlord’s name, email address, and other information, and upload your lease as proof (may be required for first-time use).
- Utility bills: Select the corresponding company (such as Hydro One, Bell, etc.) and enter your customer account number.
- CRA tax payments: Select the appropriate tax type and enter your SIN number and other identifying information.
3️⃣ Link Your Credit Card & Set Payment Schedule
Add your credit card as the payment method (currently supports Canadian-issued Visa and American Express cards). Set your payment frequency:
- Recurring payment: Perfect for monthly fixed rent and utility bills
- One-time payment: Ideal for taxes, property taxes, and other irregular expenses
Set the payment date (recommended 3-4 days before the actual due date to allow processing time).
4️⃣ Confirm and Activate
Carefully review all information to ensure amounts and dates are correct. Click confirm, and your automatic payment plan is all set!
The system will charge your credit card on the set date (plus the 1.75% fee), then transfer the payment to the payee on the bill due date. Throughout the process, Chexy sends email notifications about transaction progress so you can always track your payment status.
Quick tip: For first-time use, it’s recommended to inform your landlord (if paying rent) that you’ll be using a third-party service to pay, so they won’t be confused about receiving a transfer from Chexy. Once they get used to it, it’s smooth sailing!
💰 Three Real-World Test Scenarios (Personal Experience)
Rent Payment Test
Rent is our primary fixed expense and Chexy’s flagship feature. I actually used Chexy to pay my monthly $2,000 rent, and the experience was incredibly smooth!
Process: Set up “Recurring Payment” on the platform, entered my landlord’s email, and set the monthly automatic payment date (I chose 4 days before rent day).
Experience: Each month, the system charges my Scotia Momentum Visa Infinite card $2,035 (including $35 fee), then promptly transfers $2,000 to my landlord via e-Transfer. My landlord was completely unaware and was actually surprised I could pay rent with a credit card!
Revenue calculation: Credit card gives 4% cash back of about $81.40, minus $35 fee, I net $46.40 every month! That’s $556.80 in extra income per year.
Worth mentioning: Chexy reports my on-time payment history to Equifax credit bureau, helping improve credit scores — especially valuable for new immigrants and international students.
Insurance Premium Payment
I also tried using Chexy to pay auto insurance and landlord liability insurance — equally smooth!
Process: Selected “Add a Bill,” found my insurance company, entered policy number, and set up monthly automatic payment.
Special tip: Chexy can generate a virtual bank account for you, which you can provide to your insurance company as a new automatic payment source. This way, fees that were previously deducted directly from your bank can now become credit card payments, earning rewards!
Revenue analysis: Using the same Scotia 4% cash back card, monthly $200 insurance premiums earn $8 cash back, minus $3.50 fee, netting $4.50. While it seems small, every bit adds up, and these expenses originally had zero rewards!
CRA Tax Payment
This is a secret Chexy feature many people accidentally discover — you can actually pay taxes with credit cards!
Experience: I paid $3,000 in personal income tax through Chexy, selected “One-time Bill,” found the CRA tax payment option, and entered my SIN number.
Important note: CRA tax payments process slower, taking about 8 business days to clear, so definitely plan ahead and don’t wait until the deadline!
Pleasant surprise: Although it was a one-time payment, my credit card actually treated this transaction as a “recurring bill” category, giving me the full 4% cash back! $3,000 tax payment earned $120 cash back, minus $52.50 fee, netting $67.50 — such an unexpectedly happy bonus!
💳 Best Credit Card Recommendations
To maximize Chexy’s value, choosing the right credit card is super important. Here are the best cards I’ve personally tested:
Scotiabank Momentum Visa Infinite Card (Top Choice)
Rewards: 4% cash back on recurring bills Annual fee: $120 (often waived first year) Annual cap: $25,000 spend earns 4% cash back (about $1,000 back) Net profit: After 1.75% fee, net 2.25% on each transaction Special advantage: Chexy transactions are recognized as recurring bills, perfectly triggering 4% high cash back
This card is currently the best match with Chexy — it’s a no-brainer choice. If you have large fixed expenses (like rent) paid through Chexy, using this card can easily recoup the annual fee in one year while earning substantial extra cash.
TD Cash Back Visa Infinite Card (Quality Alternative)
Rewards: 3% cash back on recurring bills Annual fee: $120 (usually waived first year) Annual cap: $15,000 spend earns 3% cash back Net profit: After 1.75% fee, net 1.25% on each transaction Special advantage: TD frequently offers generous sign-up bonuses (like $350 cash back)
If you already have this card, or if your Scotia card rewards cap is maxed out, this TD card is an excellent alternative. While net profit is lower than Scotia, it’s still positive profit and well worth using.
American Express SimplyCash Preferred Card (No Cap Option)
Rewards: 2% cash back on all purchases (no category restrictions) Annual fee: $119 Feature: No annual cap, all purchases earn 2% Net profit: After 1.75% fee, net 0.25% on each transaction Best for: High spenders who don’t want to manage categories and caps
While net profit is lower, this card’s advantage is no spending cap, making it perfect for those with large monthly fixed expenses. Additionally, Amex often has first-year bonus reward promotions that can further increase returns.
Aeroplan Co-Branded Credit Cards (Points Enthusiast Must-Have)
Suitable cards: TD Aeroplan Visa Infinite, AMEX Aeroplan Reserve, etc. Earn rate: Generally 1-1.25x Aeroplan points on regular spending Special advantage: Combined with Chexy’s Aeroplan partnership promotions, earn bonus points
If you’re a travel enthusiast, using Aeroplan co-branded cards through Chexy payments may have cash-equivalent returns slightly lower than the fee, but combined with points value and Chexy bonus rewards, the overall return is still quite attractive. Especially when planning to redeem high-value business class tickets, these points’ actual value increases significantly!
🎁 New User Benefits & Reward Programs (Earn More!)
Chexy offers many amazing benefits and reward programs. Smart use of these opportunities can further boost your returns:
$15 Sign-Up Bonus
Use my referral link (https://app.chexy.co?ref=VPijyO1CbyfLbkM93eXuZO3ZZzk2) to register for Chexy and complete your first payment to receive a $15 bonus! This reward can directly offset future transaction fees, equivalent to processing about $857 in transactions for free.
When I first used Chexy to pay rent, this $15 bonus covered most of the fees, allowing me to experience the service at minimal cost. Totally worth it!
Aeroplan Points Bonus (Up to 10,000 Points)
Starting in 2025, Chexy established a partnership with Air Canada Aeroplan, and new users can earn up to 10,000 Aeroplan points! Here’s the reward breakdown:
- Complete first payment: Receive 2,000 Aeroplan points
- First 6 months cumulative payments over $5,000 through Chexy: Receive additional 5,000 points
- Use Chexy continuously for 12 months: Additional 1,000 points
- Add 2nd-5th recurring bills in Chexy: 500 points each, up to 2,000 points
10,000 Aeroplan points are quite valuable — enough to redeem a short-haul North American flight or contribute toward a long-haul ticket. This is equivalent to about $200 CAD in free value!
Referral Reward Program (The More You Refer, The Better!)
Chexy’s referral program is super generous: For each successful friend referral who registers and completes their first payment, both you and your friend receive a $15 reward.
And as your referral count increases, your Chexy fee rate gets lower:
- Refer 3 people → rate drops to 1.5%
- Refer 5 people → rate drops to 1.0%
- Refer 10 people → rate drops to as low as 0.5%!
Imagine if you successfully refer 10 friends, your transaction fee is only 0.5%. Combined with a 4% cash back credit card, net profit reaches 3.5%! That’s $70 earned every month on $2,000 rent, or $840 pure income per year! That’s essentially getting half a month’s rent for free!
So definitely don’t miss the opportunity to refer friends to Chexy. Click here to get your exclusive referral link (https://app.chexy.co?ref=VPijyO1CbyfLbkM93eXuZO3ZZzk2) and start earning rewards!
📊 Revenue Calculations & Real Examples
To help everyone better understand Chexy’s value, I’ve done some specific calculations and real-world analyses:
Basic Revenue Calculation (Household Scenario)
Assume you have the following monthly fixed expenses:
- Rent: $2,000/month
- Utilities and internet: $300/month
- Insurance: $200/month
- Property tax: $4,000/year
- CRA taxes: $2,500/year
Annual total expenses of approximately $34,900. If all paid through Chexy + Scotia 4% cash back card:
- Total cash back: $34,900 × 4% = $1,396
- Chexy transaction fees: $34,900 × 1.75% = $610.75
- Credit card annual fee: $120
- Net profit: $1,396 – $610.75 – $120 = $665.25
That’s the pure extra income you can earn every year! And this doesn’t even include various sign-up bonuses, Aeroplan points, and referral rewards.
Sign-Up Bonus Acceleration (Real Case)
Chexy is also an excellent tool for meeting credit card sign-up bonuses. Here’s a real example:
Sarah recently applied for the TD Aeroplan Visa Infinite card, requiring $4,000 in spending within 3 months to earn a 50,000 Aeroplan points bonus. Her monthly rent is $1,800, so three months equals $5,400 in rent expenses.
By paying this rent through Chexy, she incurred about $94.50 in transaction fees but successfully earned 50,000 Aeroplan points worth approximately $1,000 (at 2 cents per point). That’s an amazing return on investment!
Referral Program Returns (Advanced Strategy)
Assume you actively refer and successfully invite 5 friends:
- $15 reward each: $15 × 5 = $75
- Rate reduced to 1.0% (0.75% lower than standard 1.75%)
- With annual spending of $34,900, additional savings: $34,900 × 0.75% = $261.75
- Total referral profit: $75 + $261.75 = $336.75
Adding the previous basic net profit of $665.25, your annual total profit reaches $1,002! This is basically equivalent to getting half a month’s rent for free! Absolutely amazing!
⚠️ Important Considerations & Risk Assessment
While Chexy offers exciting reward opportunities, there are some important considerations:
Cash Flow & Repayment Planning
Using Chexy essentially delays immediate expenses to your credit card payment date. Make sure you can pay your credit card bill in full on time! If you only make minimum payments and incur interest, the extremely high credit card interest rates (19.99%+ APR) will far exceed any potential rewards.
Always have solid financial planning and cash flow management to make Chexy a money-earning tool rather than a debt trap.
Platform Security & Privacy
As a fintech platform, Chexy collects your personal and financial information, including credit card data and identity documents. The platform claims to use bank-level encryption to protect user data, but you should still remain vigilant:
- Set strong passwords and enable two-factor authentication (if available)
- Regularly check credit card statements to ensure all transactions are accurate
- Don’t use Chexy on public networks
- If no longer using the service, remember to remove linked credit card information
Processing Times & Delay Risks
Different payment types have different processing times:
- Rent (e-Transfer): Usually instant to a few hours
- Bill payments (Bill Pay): May take 2-3 business days
- CRA tax payments: Requires 8 business days to clear
Therefore, always schedule payments in advance, especially for items with strict deadlines like taxes. It’s recommended to set Chexy payments at least 1-2 weeks before the deadline to prevent delays.
Credit Card Reward Caps & Rules
When using high cash back credit cards, note each card’s reward caps:
- Scotia Momentum Card: Recurring bills category cap of $25,000/year
- TD Cash Back Card: Category cap of $15,000/year
When approaching the cap, remember to switch to other cards to avoid cash back rates dropping to unprofitable levels. Additionally, some credit card companies may adjust reward policies at any time, so regularly checking issuer announcements is important.
❓ Frequently Asked Questions (FAQ)
Here are questions many new users ask, hopefully addressing your concerns:
Which Credit Cards Does Chexy Support?
Chexy currently supports Canadian-issued Visa and American Express credit cards with a 1.75% transaction fee. Canadian-issued Mastercards are not supported (since 2024). International credit cards (non-Canadian issued) can be used but have a higher 2.5% fee.
Does My Landlord Need to Know I’m Using Chexy?
No! Your landlord will receive an Interac e-Transfer as usual, completely unaware you’re using Chexy. They’ll see the payment comes from Chexy, but the memo will show your name and payment description. Most landlords only care about receiving payment on time and don’t worry about the payment method.
What Are Chexy’s Transaction Fees?
Standard transaction fee is 1.75% (Canadian domestic Visa/Amex). International credit cards are charged 2.5%. Through the referral program, rates can be reduced to as low as 0.5%.
How Long Does Payment Processing Take?
Depends on payment method:
- e-Transfer (like rent): Usually instant or within hours
- Bill Pay (like property tax, insurance): 2-3 business days
- CRA tax payments: About 8 business days
Recommended to schedule payments in advance to avoid late fees.
Does Chexy Have a Mobile App?
Currently, Chexy primarily offers web-based service, optimized for mobile devices with an app-like experience. Simply log into the website to manage your account, view transaction history, and set payment schedules.
Will Using Chexy Affect My Credit Score?
Yes, in a positive way! Chexy reports your on-time payment history to Equifax, helping build good credit history. This is especially valuable for new immigrants or those with limited credit history.
Will Chexy Be Treated as a Credit Card Cash Advance?
No. Chexy transactions are treated as regular purchases, not cash advances. You won’t incur high cash advance fees and immediate interest charges, so you can use it with confidence.
What Are Chexy’s Advantages Over Similar Services?
Compared to Plastiq (2.85%), PaySimply (2.5%), and others, Chexy’s rate (1.75%) is significantly lower. Additionally, Chexy offers Aeroplan points rewards, referral programs, and credit building services — a more comprehensive feature set.
🔍 Chexy vs Competitors: Market Comparison
Let’s quickly compare Chexy with other similar services in the market:
Chexy vs Plastiq
- Transaction fees: Chexy 1.75% vs Plastiq 2.85%
- Supported cards: Chexy only Visa/Amex vs Plastiq supports Visa/MC/Amex
- Special features: Chexy has Aeroplan partnership and credit building vs Plastiq’s simpler features
- User experience: Chexy has a cleaner interface and smoother process
Conclusion: Unless you must use Mastercard, Chexy is superior to Plastiq in almost every way.
Chexy vs PaySimply (Canada Post)
- Transaction fees: Chexy 1.75% vs PaySimply 2.5%
- Payment scope: Chexy covers a broader range vs PaySimply mainly supports government and utility entities
- Additional rewards: Chexy has points programs vs PaySimply has no additional rewards
Conclusion: Unless it’s a PaySimply-exclusive service, Chexy is more economical.
Chexy vs GetDigs (Discontinued)
RBC once launched a similar service called GetDigs with about 2% transaction fees, but it was discontinued in late 2020. Chexy can be seen as its spiritual successor, offering lower rates and richer features.
💯 Conclusion: Is Chexy Worth It?
After personal experience and in-depth analysis, my conclusion is: Absolutely worth it!
Chexy is 2026’s most cost-effective rent payment tool in Canada, especially suitable for:
- Renters: Convert your largest monthly expense into a rewards source
- Points enthusiasts: Accumulate substantial airline miles to redeem flights
- Efficient financial planners: Make every necessary expense generate maximum returns
The key is choosing the right credit card (like Scotia Momentum 4% cash back card) and making good use of various reward programs. As long as you have good financial habits (pay your card in full on time), Chexy can become your passive income source, easily earning hundreds of dollars per year!
If you want to join this money-saving rewards journey, register for Chexy through my referral link now (https://app.chexy.co?ref=VPijyO1CbyfLbkM93eXuZO3ZZzk2), get your $15 sign-up bonus, and start your savings journey! Remember to use the referral link to register to receive the bonus!
Do you have experience or questions about using Chexy? Feel free to share your thoughts in the comments below!
Disclaimer: The views expressed in this article represent only the author’s personal experience and research. Actual rewards may vary — please refer to official announcements from banks and Chexy. This article contains referral links; by registering through the link, you’ll receive benefits and the author will receive rewards, but this doesn’t affect our neutral evaluation of the product. Please manage your finances responsibly and ensure you pay your credit card bills in full on time.
