I want you to imagine this scenario: You stop by your local Starbucks every morning before work. You place the same order as always (tall pike and a breakfast sandwich) through the app so you can avoid the lines. Your American Express credit card is linked to the app, so you never have to worry about manually topping up your balance, and plus… You get to double-dip your rewards (one from Amex and one from Starbucks).

Following so far? Great!

One morning, you try to place your order like you always do, but it won’t go through… It's not ideal, but you’re not about to let that stop you. You pull up to Starbucks and wait in line to place your order (the usual). Now picture this: just as you reach for your phone, the barista tells you the system is down and that they’re only accepting-wait for it — CHEQUES!

Pretty outrageous, right?

Now imagine this continued every time you went to Starbucks… no more seamless mobile experience, and especially no rewards!

Sound crazy? Then why is it okay for your rent? After all, I’m willing to bet you spend a whole lot more on rent than on coffee… I hope.

This raises an interesting question: why can’t we pay for rent the same way we pay for Starbucks?

And perhaps more importantly, why don’t we get reward points on rent as we do for virtually everything else we buy?

The answers to these two questions are fairly nuanced, and besides the point I want to make. The important thing is that your largest monthly expense — for whatever reason — doesn’t earn you anything… YET.

A couple of solutions to this exact problem have cropped up in the US, with early players making good strides to take the pain out of paying rent — including the absence of rewards — but progress has been… ahem… slower in Canada.

That’s where Chexy comes in. Chexy is the first Canadian payment experience that allows tenants to pay their rent by card. Just like in our Starbucks example, tenants can link their cards to the Chexy app (essentially forgoing the need for cheques and e-transfers) and begin to earn rewards on every rent payment.

Like the Starbucks example, Chexy allows tenants to double-dip their rewards by layering their own points on top of the points they already earn with their payment card of choice.

The best part? Tenants don’t need to convince their landlords to accept card payments because Chexy pays them however they’re used to — doing the heavy lifting of sending e-transfers and pre-authorized bank payments on the tenant’s behalf.

Plus, you can build your credit with Chexy's Credit Builder for no cost, allowing you to improve your credit score and pave the way for a better financial future.

So, if you’re looking to maximize your largest monthly expense and take your rewards to a whole new level, join Chexy today.

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