Chexy is a company that allows you to pay your rent, amongst other recurring payments, through credit card. I noticed a new offer on the air canada app for up to 10,000 bonus points by linking your aeroplan account with chexy. Here's the link:
https://chexy.co/aeroplan
A few things to note:
- chexy charges a 1.75% fee on all Canadian visa & amex payments through chexy (they claim it's the lowest fee)
- you need to link your aeroplan account, but I wasn't able to find any requirement about the payments having to be through an aeroplan credit card. This means you can pay with a different credit card and, on top, get the 10,000 bonus points. Unless I've missed something, of course.
- not having done any detailed calculations, I think an aeroplan card that earns one point per dollar spent would be just enough to be useful. If each aeroplan point is worth about 2cents, and the fees are 1.75%, that's a very small 0.25cents per dollar spent in savings. If your monthly rent is $2,000, that's only $5 saved per month, assuming you can spend aeroplan points at good value.
Thoughts? Opinions?