Chexy and Aeroplan launch rewards program for mortgage payments

Chexy, the Canadian platform already known for turning rent, taxes, and recurring bills into loyalty points, is expanding its partnership with Aeroplan by launching a mortgage payment rewards program. Starting today, homeowners can earn 1 Aeroplan point per dollar paid on their mortgage, directly from their bank account.

Unlike Chexy’s usual offering, this new feature does not go through a credit card: it is the mortgage payment itself, withdrawn from your bank account, that generates the points.

The benefits of this partnership

A mortgage is often a household’s largest monthly expense, and until now it no longer generated any rewards, unlike rent or bills (already covered by Chexy via card).

Now, with chexy.co/mortgage, even after the 1.75% fee, the net return is positive (~0.25%, ~$90/year on a $3,000/month mortgage, the example used by Chexy itself): you get a real gain with zero change in habits (same lender, same bank, same payment method).

Enfin, vous pouvez débloquer un statut Élite sans dépense supplémentaire : les 1 CQS par 5 points (jusqu’à 25 000 CQS/an) offrent un nouveau moyen « du quotidien » de progresser vers le statut Élite, à un moment où les façons d’accumuler des points Aéroplan sans carte premium se sont pas mal raréfiées.

Once linked to your account, you earn every month without doing anything!

For a couple with a joint mortgage, it’s important to note that only the primary Chexy account holder earns the points, not both. And a net 0.25% is significantly lower than what a good travel card offers on everyday spending; the appeal lies in the fact that this category had disappeared from the Canadian market for years.

How Chexy’s new mortgage program works

Here are the key points of the program, based on the official press release from August 4, 2026, and clarifications obtained directly from Chexy:

The service is available starting today on Chexy, in the mortgage section (chexy.co/mortgage). At launch, one Chexy account can be linked to one mortgage only, limited to personal accounts: commercial mortgages are not eligible.

Offer summary at a glance

How to set up your account

According to the program’s official page, setup is done in three steps:

Chexy also offers a separate bonus from the mortgage program: up to 1,000 Aeroplan points when opening an account and making the first payment, plus up to 6,000 additional points on monthly bill payments, a limited-time offer ending September 30, 2026. Combined with mortgage points, Chexy illustrates that a new user could earn up to 43,000 Aeroplan points in the first year on a $3,000-per-month mortgage.

A different mechanism from Chexy’s usual offering

Since its early days, Chexy has allowed users to pay rent, taxes, and recurring bills with a Visa, Mastercard, or American Express credit card, for a processing fee of 1.75% (domestic cards) or 2.5% (international cards). In that case, it is the points from the credit card used that accumulate, not points paid directly by Chexy.

In fact, mortgage loans were explicitly excluded from eligible expenses in previous Chexy and Aeroplan promotions, which were limited to rent, tuition, utilities, and taxes. The new program works differently: Chexy acts as an intermediary between the member’s bank account and their mortgage lender.

Chexy withdraws the mortgage payment amount, fees included, directly from the member’s bank account. The mortgage lender is then paid by Chexy, exactly as it normally would be: nothing changes from the lender’s perspective. Chexy tracks the total value of payments made this way, then deposits the corresponding Aeroplan points directly into the member’s account, thanks to its partnership with Aeroplan. However, it is not possible to pay your mortgage by direct Interac e-Transfer through this program.

A partnership expanding across the entire housing sector

“A home is one of the most important payments Canadian homeowners make each month, and it has never earned them loyalty rewards before. By expanding our partnership with Aeroplan, we’re changing that: your mortgage payment can now bring you closer to your next trip,” said Liza Akhvlediani Carew, Chexy’s co-founder and CEO, in the release.

On the Air Canada side, Scott O’Leary, Vice President, Loyalty and Product, adds: “This program gives Aeroplan members the opportunity to turn their monthly mortgage payment into a meaningful reward that brings them closer to the travel experiences they are saving for.”

The new mortgage program adds to an existing Chexy–Aeroplan partnership in the housing sector: Chexy also works with Fitzrovia, Canada’s largest purpose-built rental community developer, to allow eligible residents to earn Aeroplan points on their rent payments and through promotional offers, without changing banks or how they pay.

Is it worth it?

Let’s do the math: Chexy charges a 1.75% fee on each mortgage payment, while the program awards 1 Aeroplan point per dollar paid. Valuing an Aeroplan point at 2 cents, as we usually do, each dollar paid earns about 2 cents in points value for a cost of 1.75 cents: a net gain of about 0.25 cent per dollar, i.e., a net return of 0.25%.

Sur une hypothèque de 3 000 $ par mois, soit l’exemple utilisé par Chexy elle-même pour illustrer ce nouveau programme, cela représente 3 000 points Aéroplan par mois, soit 36 000 points Aéroplan par année. À 2 cents chacun, ces points valent environ 720 $, pour des frais annuels de 630 $ (52,50 $ par mois), soit un gain net d’environ 90 $ par année, sans compter l’accumulation de CQS vers le statut Élite Aéroplan.

The net return therefore remains modest, but it is a return on a payment that, for years, earned nothing. Unlike the rest of Chexy’s offering, no choice of credit card can boost this rate: it is the bank account, and it alone, that generates the points.

Comment interpréter la valeur des CQS

Les CQS ne sont pas une récompense en soi : ils reflètent votre progression vers le statut Élite et les privilèges-jalons. Débloquer un privilège-jalon sans avoir à voyager davantage pour l’obtenir a une vraie valeur : une récompense Priorité coupe par exemple de moitié le coût en points d’un rachat, ce qui peut faire économiser des milliers de points sur un seul vol. Chaque palier s’obtient par tranches de 10 000 CQS, donc accumuler des CQS peut vous faire économiser de l’argent ou des points, même si le statut Élite ne vous intéresse pas particulièrement.

If status doesn’t matter to you, the value is first and foremost in the Aeroplan points themselves. On a $3,800/month mortgage, you pay about $798 in annual fees for 45,600 Aeroplan points, worth about $912 based on our Aeroplan point valuation of 2 cents—enough to cover a good portion of a future points trip.

Les CQS prennent davantage de valeur si vous visez déjà le statut Élite, si vous volez régulièrement avec Air Canada, ou si vous comptez voler assez pour profiter des eSurclassements, de l’accès aux salons, des récompenses Priorité ou des autres privilèges-jalons.

Key change in the Aeroplan 2026 program: status qualification no longer relies solely on flights. You can now combine flights, credit card spending, and everyday partner activity to progress toward Elite status. Mortgage payments therefore become another way to accelerate that progress, using an expense you already have.

Concrètement, 9 120 CQS représentent plus du tiers du chemin vers le statut Aéroplan 25K (25 000 CQS), avant même de compter les vols, les dépenses sur carte ou les autres partenaires. Pour quelqu’un qui vole déjà quelques fois par année, cela peut réduire significativement les dépenses Air Canada nécessaires pour se qualifier ; parfois, un seul voyage suffira.

The offer therefore delivers the best value proposition for members who already have a large recurring mortgage payment, actively earn Aeroplan points, and want to accelerate their progress toward Elite status without increasing their travel spending.

Pour les membres qui échangent rarement leurs points Aéroplan et ne visent pas le statut Élite, l’équation est naturellement moins avantageuse, notamment pour les CQS, puisqu’il n’existe pas de façon simple d’en chiffrer la valeur. Comme pour plusieurs stratégies de fidélité, la valeur dépend de l’usage que vous faites de l’écosystème du programme.

Conclusion

Chexy and Aeroplan are thus bringing back mortgage rewards in an unprecedented form: transforming the full mortgage payment, paid directly from a bank account, into loyalty points, for a modest but real net gain once the 1.75% fee is subtracted. The offer is already live at chexy.co/mortgage.

To choose the best card to use for the rest of your recurring payments with Chexy, see our page on the best credit cards in Canada.

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Chexy and Aeroplan mortgage: FAQs