When it comes to earning valuable rewards there are many dualities to consider. Personal vs Business, Sustainable vs Unsustainable, and Organic vs Inorganic or Manufactured. For example a sustainable organic personal approach would be the Amex Cobalt. Chexy is a payment processor that has recently (late March 2025) expanded its offerings allowing for new opportunities for sustainable earning - perhaps most exciting has been the addition of personal taxes and multiple new types of payment methods for bills. Physician or dentist? sign up with our link to be eligible for an exclusive program for professionals where you can earn 15k bonus aeroplan points and be in the beta for new business centric features.
In this article we will be focusing on the best keeper cards for ongoing spending on Chexy, check out the primary article for more information about Chexy and lump sums. Already familiar with Chexy? jump ahead to the best cards.
As always you can find more Referral options and Disclaimers at the end of the article.
Current Offerings
Chexy first made a name for itself by facilitating rent payments via credit card. Since then it has added numerous options including:
Recurring Payments
Currently only fixed amounts are supported but they can be paused or changed at any time
Currently only monthly payments are supported
Approved categories
Rent
Household Expenses - eg. condo fees, parking, cleaning
Utilities
Insurance
Car Lease
Childcare and education - eg. daycare
Property Taxes
Telecommunications - eg. cell or internet
Wellness - eg. gym
Available payment method
Interac e-transfer
Pre-authorized debt - get a "void cheque" of info to give them
Bill pay - requires business to be listed but can ask for it to be added
One Time Payments
Pay a Bill
same category approval as above, but only supports the "Bill Pay" method
Doesn't really add any functionality above setting a Recurring Payment of the Bill pay variety and manually adjusted the payment amount
Pay Income taxes
Perhaps the headlining new feature, the ability to make one time CRA and Revenue Quebec payments
Personal taxes only
Limitations - due to issuer terms, regulations etc. It is not supported, and will not be supported, to make payments on debts like mortgages or to establish circular payments (ie. paying yourself). Other limitations like payment frequency options are being worked on according to Chexy's support.
It should come as no surprise that Chexy charges a fee to facilitate this service, but it may be surprising that it is only 1.75% for Canadian Visa and Amex cards, international cards have a 2.5% fee. Note that at launch taxes could only be paid with Visa's but shortly afterwards Amex was added. This fee defines the hurdle rate we need to out earn to justify paying on a card - but which cards are best?
Ongoing Spending
After all the lump sums and big sign up bonuses are gone, does it still make sense to pay personal expenses via credit card on Chexy? And if so, with which cards are the Keeper Cards?
By using reasonable point value assumptions (2c each for Aeroplan, Amex MR and Avion, 1.5c for Aventura, and 0.8c for Marriot) and considering earnings net of annual fees and transaction fees, focusing on Canadian Visa and Amex Products we identified over 40 card/spend combinations to review (reminder that Chexy does not take Canadian Mastercards). In our previous article we focused on the impact of large first year sign up bonuses, in this one we will be examining what it looks like after the bonuses are gone and you're using ongoing spending.
Note that we are ignoring first year fee waivers, even though some can obtain ongoing fee waivers for certain account types (eg. like the TD AP VI). We also are not exploring 2nd year sign up bonuses, although it is captured in my spreadsheet for those who are interested. Finally we are not adjusting the annual fees to consider credits and perks these cards offer (eg. we are not reducing the Business Platinum's $799 annual fee by $200 for its annual travel credit)
An important factor in this is the fact that Chexy payments code as recurring payments and consequently trigger elevated category earn rates on a couple cards.
0-$7k/yr Chexy spend - Amex Green- $0 Annual Fee (AF)
Provided you value MR at >1.75c each, this is the only fee free Amex/Visa that out earns Chexy's fee, with typical 2c valuation this card earn a small but consistent 0.25% net
$7k-$25k/yr Chexy spend - Scotia Momentum VI- $120 AF
4% on recurring payments (2.25% net of Chexy's fee) up to $25k/yr spend, then only 1% (below chexy's fee)
~$7k is needed to break even net of fees
At $25k/yr this card would generate an arbitrage of $435 net of annual fee and Chexy fees
$25-50k - Scotia Business Momentum VI - $79 AF
3% on recurrent up to a $50k annual cap before it drops to 1%
At $50k/yr this card would generate an arbitrage of $546 net of annual fee and Chexy fees
$50-80K - TD Business Travel - $149 AF
this card has a high cap ($80k) on a 3% fixed value earn rate, arguably it could be the choice for $25k+ but it has a higher annual fee and less flexible rewards vs cash back
At $80k you'd be up $850 net of fees
$80k+ - Amex Business Gold - $199 AF
This card earns a base of 1x MR (~2%) but gets a quarterly bonus of 10k if at least $20k is spent in a quarter
This means for evenly spaced spending of $80k per year the card can earn an effective 1.5x (~3%)
Think these amounts aren't worth it? Remember that chexy be a set and forget strategy and to get $500+ of post tax value every year would normally take additional work every year. This is upfront effort for ongoing benefit.
Looking to avoid Business cards? Consider a 1.25x Aeroplan or Avion earning premium card for higher spending, net of transaction fee you could expect 0.75% on spend with no cap
this card unlocks the option to redeem your avion points at a guaranteed 2c each for business class travel
Indirect benefits of spending : The aeroplan cards would contribute to your Aeroplan status, and spending $25k/yr would earn an anniversary companion pass. The RBC BA VI also similarly earns a companion pass however this one is arguably far more valuable for people who travel routes serviced by BA as it can be used for any class of travel and combined with points instead of cash only bookings.
Conclusion
Chexy has dramatically expanded their offerings allowing Canadians a new avenue to pay expenses with a credit card at a low enough fee to realize an opportunity for arbitrage. Combine this with the way how they code their transactions as recurrent and you have a pretty good opportunity here. Otherwise will be excited about a cheap way to spend towards sign up bonuses with a Chexy Lump Sum or to unlock send related benefits like status or companion passes. Sign up using our link and if you verify as a physician or dentist you'll be eligible to earn up to 15k more Aeroplan points than the public offer, and if you need a new card, grab it from our card comparison page to support our work.
Referrals
If you're considering any business cards, reach out to me directly, your business situation is likely a bit more complex and may benefit from my expert help, so reach out! We can select the best card, and discuss your overall strategy.
Other cards mentioned in this article
If you're on the fence, or wondering about other cards reach out to me for a free consult, and if you sign up for a card through my link, let me know and I will walk you through advanced tricks and personalized advice to help you get the maximum benefit both from earning and redeeming points - getting your travel journey going faster than you ever thought possible.
Check out my Keeper Cards series to see other cards worth exploring
Disclaimer
This should not be taken as financial advice and details are subject to change. I have made good intentioned efforts to be accurate but ultimately consult card terms and conditions. I may receive points or other compensation from some of the included links.
