What happened
Chexy and Aeroplan have expanded their partnership to cover mortgage payments, allowing users to earn 1 Aeroplan point per dollar spent on virtually any Canadian residential mortgage. The service costs 1.75% per payment, calculated on the amount reaching the lender (excluding the fee). There is no cap on points earned. New Chexy users can earn up to 7,000 bonus Aeroplan points: 1,000 for completing the first payment and up to 6,000 through household bill payments (125 points per qualifying payment on up to four payments per month). This launch offer ends on September 30, 2026. The article notes that at a valuation of 2 cents per point, the effective yield is approximately 0.25% on mortgage payments