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HUGE news has landed in Canada because as of today, August 4, 2026, Chexy now works for mortgage payments! Rent has been Chexy’s biggest selling feature for a while, and today, homeowners can join in on the points-earning fun.
However, to avoid burying the lede, mortgage payments only work as a payment from a chequing account (no credit card payments), and the primary benefit is earning Aeroplan points and working your way toward Aeroplan Elite status.
How Mortgage Payments Work
Just like with all other payments, you start off by selecting your “mortgage” as your payment category.
Chexy collects your mortgage payment (on the same day as you’d normally pay your mortgage) and then pays your lender directly. The usual 1.75% fee still applies and is deducted from your bank account at the same time as your mortgage payment.
What’s really exciting is that you earn 1 Aeroplan point per $1 of mortgage payments and 1 SQC for every 5 Aeroplan points earned. The SQC counts towards the 25,000 SQC maximum in the “Everyday Partners” category.
Above, you can see my mortgage payment as $2,500 with a $43.75 fee (1.75%). I actually have Chexy Pink referral status, so it looks like the benefits of a lower 1.75% fee do not apply to mortgage payments.
Chexy did have a pop-up offering Chexy Plus, a subscription service, where for a flat $200 a year, the fee drops to 1.5%, but my take is that it rarely works out in favour of a regular user. The breakeven point is $80,000 a year in spending, but I suppose if you use Rush payments a lot, that number is lower.
For full details, you can visit Chexy’s webpage on mortgage payments.
Is Chexy Worth it For Mortgage Payments?
For most things Chexy, I say yes because you earn rewards on a credit card. However, with mortgage payments, you don’t earn any additional credit card rewards, so the only benefit here is earning Aeroplan points and subsequently, SQC. With Chexy mortgage payments, you’re paying 1.75 cents per Aeroplan point. Objectively, this isn’t bad and is a reliable earning source.
Compared to buying Aeroplan points during a 100% bonus sale, you’re still acquiring points about 0.12 cents cheaper per point. By paying your mortgage with Chexy, you can earn a high quantity of points over the course of a year.
But I hesitate to recommend Chexy as the clear winner because you’ll earn points monthly rather than all at once. As a result, it can take quite a while to build up a meaningful balance. Also, the number of points you earn is tied to the price of your mortgage, so the ability to scale up at 1.75 cents per point is limited.
For SQC, Maybe
SQC is the more exciting element here (just like with the Aeroplan Bell partnership), and in the above example, you’ll earn 500 SQC per month for a total of 6,000 a year (assuming a mortgage payment of $2,500). Now, this has the potential to create quite a big impact between unlocking the next tier of Aeroplan status and/or also unlocking any Milestone Rewards along the way. If this 6,000 unlocks a tier with Priority Rewards, that alone could easily be worth the $525 spent a year in Chexy fees.
Again, the limiting factor here is the cost of your mortgage, which limits how many SQC you can earn with Chexy. However, the 25,000 SQC maximum in the “Everyday Partners” category is difficult to maximize in the first place (how much LCBO are you realistically buying per year), so the impact of paying your mortgage with Chexy can be quite significant.
Conclusion
Chexy supporting mortgage payments is a significant milestone, even if you can’t pay by credit card. While paying a 1.75% fee solely to earn Aeroplan points won’t appeal to everyone, it creates a brand-new, reliable way for homeowners to earn both Aeroplan points and Status Qualifying Credits on one of their largest recurring expenses.
Whether it’s worth it comes down to how much you value Aeroplan Elite status. If those extra SQC push you over the line for the next status tier or unlock valuable Milestone Rewards, the math can work surprisingly well. Otherwise, you’re effectively buying Aeroplan points at 1.75 cents each—a reasonable price, but one I’d only pay if I have a clear use for the points in mind and am OK with accumulating month by month.
