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Email this8:12 pm
March 15, 2019
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"We've partnered with Chexy to bring you a new way to earn Aeroplan points every month."
Who is Chexy? Does anyone have any experience with them?
9:47 pm
April 6, 2013
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Chexy is a service that allows one to pay billers that don't accept credit cards with a credit card. That way, one can earn credit card rewards on payments to such billers, like CRA!
The catch is the fee:
1.75% Canadian Visa & Amex
2.50% International Credit Cards
8:57 am
November 8, 2021
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Norman1 said
Chexy is a service that allows one to pay billers that don't accept credit cards with a credit card. That way, one can earn credit card rewards on payments to such billers, like CRA!The catch is the fee:
1.75% Canadian Visa & Amex
2.50% International Credit Cards
Not sure, but this is similar to the BMO Eclipse CC, that rewards points on bill payments.
11:54 am
April 6, 2013
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I don't think the Bank of Montreal Eclipse Visa cards can pay a bill if the biller refuses charge the bill to a credit card.
Tangerine Mastercards can reward recurring bill payments charged to one of their credit cards. But, the biller has to charge the bill to the credit card and, consequently, pay interchange and other card processing fees.
Only credit cards I've seen that can pay a biller that doesn't accept credit cards are the Canadian Tire Triangle Mastercards.
1:34 pm
September 28, 2023
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The fees Chexy charges would outweigh the benefit of the Aeroplan points given.
The one instance I can see this being useful is if your Aeroplan points are about to expire, you can pay a small bill with this to preserve them for another year. (I really miss Home Hardware for doing this)
3:17 pm
March 17, 2018
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If you use a Scotia Momentum Visa Elite cashback card, you earn 4 percent cash back on recurring charges, so you net 2.25 percent ( up to 25K in charges per year ). Another good cashback card for Chexy is TD Cashback Visa Infinite which earns 3 percent on recurring charges, up to 15K per year.
You can use this for payments you can't just put on your credit card eg. rent, CRA taxes, municipal taxes, condo fees, utility bills.
As an aside I used to use a Tangerine card for recurring purchases and I found quite a few recurring fees were not classified by Tangerine as recurring, so I got 0.5 percent cashback instead of 2 percent.
6:28 am
September 30, 2017
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Chexy newbie joining the conversation late!
They have a nice reward calculator here which shows the breakeven point based on your monthly spend and credit card charged.
I found out there is also an app launch promo on referrals … only in hindsight. It's enough to offset their transaction charge for someone who wants a tryout.
Limited-time offer until May 15, 2026: Refer a friend and earn $20 with the Chexy mobile app launch. To qualify, your friend must complete their payment by May 15, 2026.
Onboarding with mobile was smooth but I had a glitch on adding my Scotia Momentum. Chexy support is fair but only chat-basis.
Hope this helps.
7:20 am
March 17, 2018
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Also, Chexy now accepts Mastercards with the same 1.75% handling fee. So if you have Rogers/Fido/Shaw/Comwave ( not Chatr ) services and a Rogers Red credit card you can earn 3 percent cashback with using the Rogers CC through the Chexy site, if redeemed against your Rogers bill.
This may change since Rogers has introduced a new credit card with a fee, so they may downgrade their free cards in the future, so hop on the Chexy bandwagon with Rogers before it's too late !
1:20 pm
January 5, 2016
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hwyc said
Onboarding with mobile was smooth but I had a glitch on adding my Scotia Momentum. Chexy support is fair but only chat-basis.Hope this helps.
May I ask how you resolved the issue with the Scotia momentum? I can't seem to add it.
3:13 pm
September 30, 2017
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Short answer … It didn't work until it worked!!
I have multiple attempts over the weekend up to Monday morning … even talked to Scotiabank customer service to no avail. After sending screenshots to Chexy to proof that my billing name and address entered matched the same on my CC statements, Chexy told me to turn on diagnostic steps on a Chrome browser and send them new screenshots. I did that Monday afternoon and it succeeded this time.
I know it's not the network. I tried thru their app on mobile data. I tried Firefox on Windows 10 from home ISP.
In hindsight, I don't really know the cause. It may be that the browser has to be Chrome. It may be simply the timing. But then I also added the EQ bank card over the weekend.
BTW, I think Momentum VI also has a name change over the weekend to VI plus
Hope this helps.
11:31 pm
January 5, 2016
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Thanks, I was advised by support to call into Scotia to disable the verified by visa for the merchant.
11:39 pm
February 16, 2026
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everhopeful said
[…]The one instance I can see this being useful is if your Aeroplan points are about to expire, you can pay a small bill with this to preserve them for another year. (I really miss Home Hardware for doing this)
An easier (as in no registration for new service) alternative to the Chexy method for this use case if anyone is in that situation is to use Aeroplan eStore, which is an affiliate link portal to shop online normally at all of your favourite retailers, to get a few Aeroplan points on an online shopping transaction even if it is not an Aeroplan partner.
11:46 pm
February 16, 2026
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How does Chexy make money? Wouldn't it still often lose money especially on premium card cardholders with its surcharge charged to users that is lower than the highest card processing fees borne by merchants to the best of my knowledge?
5:19 am
March 30, 2017
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TeraKaktos said
How does Chexy make money? Wouldn't it still often lose money especially on premium card cardholders with its surcharge charged to users that is lower than the highest card processing fees borne by merchants to the best of my knowledge?
just like all fintech, they don't make money at the get go. look at how much money youtube, whatsapp etc lost every quarter at the beginning, while offering a free to use product ! yet they survived and does well now (and they make money on their own, not just cuz they get bought out by stronger competitors)
6:14 am
April 6, 2013
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Chexy doesn't need to make money on every transaction. They need to make money on average by charging 1¾%. Not every Mastercard transaction is against a World Legend MasterCard with the highest interchange rates.
Lots of businesses are like that. Hudson's Bay Company used to lose money 3/4 of each year. The money they made in the last quarter of the year more than covered the losses in the first three quarters.
8:23 am
September 30, 2017
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Good to know ... Chexy recently raises $14M with Air Canada backing
https://www.fintech.ca/2026/03.....a-backing/
9:58 am
April 6, 2013
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To give context to Chexy's 1¾% fee, these are the current Mastercard interchange that the consumer Mastercard credit card issuer receives for various card-not-present transactions:
| Interchange Program Type | Core | World | World Elite | World Legend |
| Digital Commerce | 1.67% | 1.90% | 2.13% | 2.23% |
| Digital Commerce – Small Business | 1.57% | 1.80% | 2.03% | 2.13% |
| SecureCode / 3DS | 1.50% | 1.70% | 1.90% | 2.03% |
| SecureCode / 3DS – Small Business | 1.40% | 1.60% | 1.80% | 1.93% |
| Utilities | $0.10 | $0.10 | $0.10 | $0.10 |
| Standard | 1.96% | 2.19% | 2.42% | 2.53% |
There is an additional network fee of 0.09% that Mastercard receives for its network to accept Mastercard cards.
10:04 am
March 17, 2018
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Chexy makes some float income from having your money in their accounts for a few days. Some suggest that this is their main source of income. Kind of similar to how the stablecoin companies make their money off issuing stablecoins- they invest your money in bonds.
