Municipal and school taxes represent a major expense for a homeowner every year. For rewards point enthusiasts, this is your chance to go and unlock welcome bonuses thanks to these expenses.
As always, only use these methods if:
Would you like to use a Visa or Mastercard credit card to pay your municipal or school taxes? Plastiq.com offers you this option. By the way, we have written a detailed article on Plastiq.
The fees charged by Plastiq vary depending on the card used. Typically, this is 2.9% for all Visa, American Express and Mastercard payments.
Paying your municipal taxes on Plastiq.com is also a great way to unlock a welcome bonus!
For example, the Scotiabank Passport Visa Infinite card requires you to charge a certain amount within the first three months to unlock its welcome bonus.
Chexy is a Canadian platform that allows you to pay your bills, taxes, and municipal taxes by credit card with the lowest transaction fees on the market. The fee is 1.75% and can be even lower if you take advantage of certain promotions.
Credit cards accepted include Visa and American Express.
The best credit card for paying recurring bills on Chexy is the Scotia Momentum Visa Infinite Card.
It gives you 4% on recurring payments and subscriptions. So you’ll make a net profit of 2.25% on every payment!
We have written an article that describes how PaySimply works.
PaySimply is highly secure and has been approved by the Canada Revenue Agency, among others (like Plastiq). For Visa, Mastercard and American Express credit cards, the fee is 2.5% of the total bill.
For example, the TD First Class Travel® Visa Infinite* Card offers 2 points per dollar for each transaction. Right now, the welcome bonus is 85,000 points if you spend $5,000 within 180 days of opening. What’s more, the card is free for the first year, and you get 4 free passes to airport lounges.
So, by subscribing to the TD First Class Travel® Visa Infinite* Card and paying $5,000 in municipal taxes via PaySimply with this new card, you’ll get:
You’ll receive $475 as a “gift”, which puts into perspective the 2.5% fee paid via PaySimply for this transaction ($125). The net result is $350.
Then, with those 95,000 TD Rewards points, take advantage of booking vacation accommodations through Expedia for TD. And if the cost of that accommodation is $500 or more, you get a $100 Annual Travel Credit to save even more!
Of course, it will always be more profitable to spend that $5,000 in 6 months through other purchases – such as at Costco – but if paying municipal taxes can help you get there faster, why not?
Here are some other interesting Mastercard, Visa and American Express cards to use on PaySimply:
Use our credit card finder to find the Mastercard, Visa or American Express credit card that suits you best.
Why not take advantage of the opportunity to earn points on your municipal tax payments when solutions exist?
Please note that Paysimply or Plastiq purchases charged to a BMO Rewards card do not earn rewards points.
For example, with the BMO Ascend® World Elite®*Mastercard®*, you can pay your bill via PaySimply with this card. However, this expense will not count as an eligible expense for a welcome offer or earn BMO Rewards points. But if your BMO card is linked to another rewards program (VIPorter, AIR MILES, etc.), it works! You’ll get your points when you pay your municipal taxes with your BMO VIPorter World Elite Mastercard or BMO AIR MILES World Elite Mastercard.
This article summarizes the main online services available for paying bills, such as municipal taxes, with a credit card.
You can also analyze the best credit cards for paying municipal taxes by program (AIR MILES, Membership Rewards, Cash Back).
Savings are here (if you don’t see the sign-up form, please click here):
