Paying $2,000/month in rent or $4,000/year in property tax usually earns $0. With [Chexy](Chexy Official Portal ↗ you can charge these expenses to a Canadian credit card. However, because Chexy charges a ~1.75% processing fee, choosing the RIGHT card is the difference between making $500+/year or losing money.
⚠️ Important Consideration
Updated October 7, 2026: Starting October 22, 2026, Scotiabank pays only its regular 1% rate (instead of 4%) on rent (MCC 6513) and tax payments (MCC 9311) charged to the Scotia Momentum Visa Infinite+, including payments made through Chexy. After Chexy's 1.75% fee that is a net loss. Utilities, insurance, phone and internet, daycare, tuition, car leases and gym payments still earn 4% (up to $25,000 per year). The recommendations and math below reflect this change.
What Changed: Scotia Momentum Rent Rewards End October 22, 2026
The Scotia Momentum Visa Infinite+ used to be the top Chexy card because rent and tax payments earned 4% as recurring payments. Starting October 22, 2026, Scotiabank pays only its regular 1% rate on rent (MCC 6513) and tax payments (MCC 9311), on Chexy or any other platform. At 1% you lose money after Chexy's 1.75% fee. Keep the Momentum for utilities, insurance, phone, daycare and tuition (still 4%, up to $25,000 per year), but move rent and property tax to one of the cards below.
1. TD Cash Back Visa Infinite (3% on Bills)
The TD Cash Back Visa Infinite earns 3% on recurring bill payments and has a $139 annual fee. Chexy reports a $15,000 annual limit on the 3% bills rate, after which you earn 1%.
✅ Pro Tip
The Math on $2,500/mo Rent: Rent + Fee = $2,543.75. Cash back @ 3% = $76.31. Chexy Fee = $43.75. Net Monthly Gain = +$32.56 while you are under the annual 3% limit. Around six months of this rent reaches the $15,000 limit; after that, the card earns 1% and the payment loses money, so switch to a 2% card.
2. 2% No-Fee and Low-Fee Cards (Tangerine, Rogers, CIBC)
Tangerine Money-Back (choose Recurring Bill Payments as a 2% category, $0 fee), Rogers Red World Elite (2% for Rogers customers, $0 fee, $61,000 annual cap) and CIBC Dividend Visa Infinite (2% on recurring payments, $120 fee) all earn slightly more than the fee: roughly +$5.70/month on $2,000 rent.
3. American Express Cobalt (Welcome Bonus & Travel Points)
The Amex Cobalt earns 1x on rent and bill payments, which is roughly break-even after the fee if you value Membership Rewards points at about 2¢. Rent can help you hit the $750 monthly spend that earns the 1,250-point first-year monthly bonus (up to 15,000 points). The card costs $15.99/month.
Net Return Comparison Table
| Card Name | Rate on Rent via Chexy | Chexy Fee | Net Monthly Return ($2,000 Rent; $2,035 Charged) |
|---|---|---|---|
| TD Cash Back Visa Infinite | 3% (Chexy reports a $15,000/yr limit) | 1.75% | +$26.05/mo until the limit |
| Tangerine Money-Back | 2% (Recurring Bills category) | 1.75% | +$5.70/mo |
| Rogers Red World Elite | 2% (Rogers customers) | 1.75% | +$5.70/mo |
| CIBC Dividend Visa Infinite | 2% (recurring payments) | 1.75% | +$5.70/mo |
| BMO CashBack World Elite | 2% on first $500/statement, then 1% | 1.75% | -$9.65/mo |
| Scotia Momentum Visa Infinite+ (from Oct 22, 2026) | 1% | 1.75% | -$14.65/mo |
