- Rev.01 – First posted on 2025-06-23
Chexy is rapidly transforming how Canadians manage and pay their largest recurring expenses. As a Toronto-based fintech startup, Chexy offers a unique digital platform that enables users to pay rent, bills, and even taxes with their credit card—unlocking valuable rewards and simplifying financial routines in the process.
What Is Chexy?
Chexy is designed to help Canadians turn everyday payments into opportunities for earning points, cashback, and building credit. Traditionally, rent, utilities, and tax payments could not be made with a credit card, which meant missing out on rewards and points. Chexy bridges this gap by allowing users to pay these expenses with their credit card for a nominal processing fee, while the platform handles the transfer to the payee via Interac e-Transfer, pre-authorized debit, or bill payment.
Key Features of Chexy
- Pay Rent, Bills, and Taxes with Credit Card: Chexy covers a wide range of payments, including rent, utilities, property taxes, tuition, insurance, car leases, daycare, and more. You can also pay federal, provincial, and municipal taxes through Chexy.
- Earn Rewards: By paying with your credit card, you can accumulate points, cashback, or travel miles on expenses that previously offered no rewards.
- Credit Building: Chexy offers a free Credit Builder feature that reports on-time rent payments to Equifax, helping renters with limited or no credit history establish and improve their credit scores.
- User-Friendly Platform: Payments can be set up for one-time or recurring transactions, making it easy to automate your financial life and never miss a due date.
- Referral Program: Users can refer friends to Chexy and receive credits toward future payments, plus unlock lower processing fees with more referrals.
How Does Chexy Work?
- Create an Account: Sign up for free on Chexy’s website.
- Set Up Payments: Enter your payee details and link your credit card. You can set up recurring or one-time payments for rent, bills, or taxes.
- Verification: For rent payments, verify your identity on Chexy’s platform.
- Processing: Chexy charges your credit card three days before the due date, holds the funds in your Chexy Wallet, and then pays your landlord, biller, or tax authority on your behalf.
- Earn Rewards: Your credit card issuer processes the transaction as a purchase, so you earn rewards just like any other eligible credit card spend.
Fees and Costs
- Processing Fee: Chexy charges a fee of 1.75% for Canadian-issued Visa and American Express cards, and 2.5% for international cards. Canadian-issued Mastercard is not currently accepted.
- Referral Discounts: Processing fees can be reduced through Chexy’s referral program, with the lowest possible fee being 0.5% for top referrers.
Who Should Use Chexy?
Chexy is ideal for:
- Renters who want to earn credit card rewards on rent and bills.
- Individuals looking to build or improve their credit history.
- Canadians aiming to meet minimum spend requirements for new credit card bonuses.
- Anyone seeking to streamline and automate their recurring payments.
What to Watch Out For
- Fees: The 1.75% fee can add up, especially for high rent or bill amounts. It’s important to ensure the rewards you earn outweigh the cost.
- No Mobile App (Yet): Chexy currently operates via its web platform only.
Conclusion
Chexy is a standout solution in Canada’s fintech landscape, empowering renters and bill-payers to maximize rewards, build credit, and simplify their financial routines. With its competitive fees, broad payment coverage, and innovative features, Chexy is quickly becoming the go-to platform for Canadians who want to get more out of every dollar they spend.
If you’re ready to turn your rent, bills, and taxes into rewards, consider signing up with Chexy using this link.