Chexy Rent Payment Review 2026: Earn Aeroplan Points on Canadian Rent
For most Canadians, monthly rent is their single largest household expense—ranging from $1,800 to $3,200+ per month. Historically, landlords required Interac e-Transfers or post-dated cheques, leaving renters completely shut out from earning credit card rewards on their biggest bill.
Enter Chexy: a Canadian fintech platform designed specifically to bridge this gap. Chexy charges your Canadian credit card for rent and automatically sends an Interac e-Transfer to your landlord on your rent due date. But is the 1.75% transaction fee worth it?
Paying rent via Chexy is mathematically profitable if you use a card that earns travel points valued above 1.75¢/point (such as Aeroplan or Amex Membership Rewards) or if you are using rent payments to meet credit card welcome bonus spending requirements ($3,000–$5,000 spend thresholds).
How Chexy Works: Step-by-Step
- Link Your Canadian Credit Card: Sign up at Chexy and add your Canadian Visa, Mastercard, or American Express credit card.
- Set Landlord E-Transfer Details: Enter your landlord's name, monthly rent amount, and e-Transfer email address.
- Automatic Monthly Cycle: 4 business days before your rent is due, Chexy charges your credit card (Rent + 1.75% fee). On rent day, Chexy auto-deposits the full rent amount directly to your landlord via Interac e-Transfer. Your landlord does not need to sign up for Chexy.
Fee vs. Reward Math: Is Chexy Worth It?
Chexy charges a flat transaction fee of 1.75% for domestic Canadian credit cards (and 2.5% for international cards). Here is how the math shakes out across different credit card strategies on a $2,000 monthly rent payment ($35 monthly Chexy fee):
| Strategy / Credit Card | Monthly Spend ($2,000 Rent) | Chexy Fee (1.75%) | Points / Cash Earned | Est. Net Profit (Annual) |
|---|---|---|---|---|
| Welcome Bonus Hunting (e.g. TD Aeroplan Visa) | $2,000 | $35 | 45,000 Bonus Pts (~$900 Value) | +$780 Net Profit (Yr 1) |
| Scotia Momentum Visa Infinite (4% Recurring) | $2,000 | $35 | $80 Cash Back / month | +$540 Net Cash (Cap $25k) |
| Amex Cobalt / Aeroplan Card (1.25x - 1.5x) | $2,000 | $35 | 2,500 Aeroplan Pts (~$50 Value @ 2.0¢) | +$180 Net Travel Value |
| Flat 1% Cash Back Card | $2,000 | $35 | $20 Cash Back / month | 🛑 -$180 Loss (Avoid) |
Top 3 Strategies for Maximizing Chexy
1. Hitting Credit Card Welcome Bonuses (The #1 Hack)
Premium Canadian travel cards frequently require $3,000 to $6,000 in card spend within the first 3 months to unlock 40,000 to 70,000 Aeroplan or Avion welcome bonus points. Meeting these thresholds organically can be tough. Renting through Chexy allows you to hit spend requirements instantly without manufactured spend risks.
2. Scotia Momentum Visa Infinite (4% Recurring Bill Code)
Chexy transactions process under the Merchant Category Code (MCC) for recurring bill payments. The Scotia Momentum Visa Infinite earns 4% cash back on recurring bills up to $25,000 annually. Subtracting Chexy's 1.75% fee yields a net 2.25% pure cash profit on your rent ($540 net profit/year on $2,000 rent).
3. Building Credit History via Credit Builder Plus
Chexy offers an optional add-on that reports your monthly rent payments to Equifax Canada, helping tenants build credit history purely through prompt rent payments.
Verdict: Who Should Use Chexy?
Chexy is a game-changer for Canadian renters. If you hold a 4% recurring bill card, collect Aeroplan points for business class travel, or regularly open new credit cards for welcome bonuses, Chexy easily pays for itself. Use our WalletFit App to calculate your exact net reward yield before setting up your rent cycle.