From $0 to $1,000+: Start Earning Rewards on Rent
Jun 18, 2024
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From $0 to $1,000+: Start Earning Rewards On Rent
“Living in Canada is expensive." Tell us about it, especially with the rising rent costs and increasing household expenses. If you are tired of constantly feeling pinned up against a wall, it's time for you to consider Chexy, where you could earn over $500 a year by just paying rent.
The Power of Your Credit Card
We all have recurring bills—from rent to utilities and subscriptions. What if we told you that paying these bills could actually earn you money? No, this isn't a joke. It's the power of your credit card and Chexy, of course. By using credit cards that offer significant cash back or the ability to earn rewards on rent and recurring expenses, you can turn your shoebox in the sky, your house in the suburbs, and everything in between into savings!
Choosing the Right Card for Your Savings
Not all credit cards are created equal, especially when it comes to earning rewards on rent. Some credit cards offer basic rewards, while others skyrocket your earnings with up to 4% cash back value on recurring payments and things like grocery purchases.
Although points credit cards can return a lucrative amount in terms of flight savings or luxury upgrades, if you are a simple cash lover and want to get the most from your rent, these are the cards you should consider. Most of them include a generous welcome bonus:
Scotiabank Momentum Visa Infinite - 4% cash back on recurring bills
TD Cash Back Visa Infinite Card - 3% cash back on recurring bills
Tangerine World Mastercard - 2% cash back on recurring bills
CIBC Dividend Visa Infinite Card - 2% cash back on recurring bills
Amex Simply Cash Preferred - 2% cash back on everything
Scotiabank Momentum Visa Card - 2% cash back on recurring bills
BMO CashBack World Elite Mastercard - 2% cash back on recurring bills
Crunching the Numbers: Your Potential Savings
You're probably churning the numbers yourself, but let's look at a real-life example of how you might take advantage of this:
Best Cash Back Credit Card: Scotiabank Momentum Visa Infinite
By far, the best credit card to select here is the Scotiabank Momentum Visa Infinite, which offers 4% cash back on recurring bills. If your monthly rent is $2000, the average across Canada, you can earn $80/month just by paying rent with this card. Taking the Chexy fees out of it ($35) leaves you with $45/month in clean savings.
Over the course of a year, that adds up to a whopping $540 – All from paying rent through Chexy, which you wouldn’t have received otherwise! When you factor in cash back on other household expenses, you could easily surpass the $1,000 mark in annual cash back earnings.
That’s your next vacation or 3 months of groceries paid just by putting your rent and other daily expenses on this great cash back credit card.
A Few Other Things to Consider When Choosing a Credit Card
Maximizing Your Rewards
Beyond rent, use your credit card for other eligible purchases, such as grocery purchases, eligible streaming subscriptions, and eligible mobile devices. This will help you maximize the rewards you earn on everyday spending. Make sure to pay off your credit card balance in full each month to avoid interest charges and maintain a good credit history.
Bonus Reward Offers
Take advantage of bonus reward offers that many credit cards provide. These can include extra points for specific categories or during certain promotional periods. Keep an eye on the welcome bonus, which can significantly boost your rewards points when you meet the minimum spend requirement within the first few months of account opening.
Additional Perks
Many rewards credit cards come with extra perks such as insurance benefits for travel, rental car bookings, and even mobile device protection. Look for cards that offer rewards on eligible digital subscriptions, food delivery services, and in-game purchases for digital gaming.
Monthly and Annual Fees
Be mindful of the monthly fee or annual fee associated with your credit card. Some cards offer a monthly fee rebate or other perks that can offset these costs. Evaluate whether the rewards and benefits of the card justify the fee. For instance, the BMO CashBack World Elite Mastercard offers valuable benefits that can outweigh its annual fee.
Foreign Exchange and Transaction Fees
If you frequently travel or make purchases in foreign currencies, choose a card with low or no foreign exchange fees to maximize your rewards value. Be cautious of cash advances and balance transfers, as these often come with higher interest rates and fees.
Spending Caps
Some credit cards have a spending cap that applies to certain bonus categories. Understand these limits to optimize your spending and avoid missing out on rewards. Regularly review your credit card statements to track your spending and ensure you're making the most of your card benefits.
Start Now
What are you waiting for? At a time when every dollar matters, maximizing your savings on your largest monthly expense - rent - is your key to a better financial future.
With Chexy, you have the power to earn over $500 in cash back annually just by paying your rent with the right credit card. Don't settle for less – settle for the best with Chexy.
Get started by clicking the button below or apply for the best credit cards via our links above and get your first-month processing fee waived, allowing you to keep all your cashback earnings that month.
CLICK TO GET STARTED WITH CHEXY
To find out more about how rewards credit cards work and which are the best for you, subscribe to The Chexy Rundown for exclusive deals and rewards you don't want to miss.
From $0 to $1,000+: Start Earning Rewards On Rent
“Living in Canada is expensive." Tell us about it, especially with the rising rent costs and increasing household expenses. If you are tired of constantly feeling pinned up against a wall, it's time for you to consider Chexy, where you could earn over $500 a year by just paying rent.
The Power of Your Credit Card
We all have recurring bills—from rent to utilities and subscriptions. What if we told you that paying these bills could actually earn you money? No, this isn't a joke. It's the power of your credit card and Chexy, of course. By using credit cards that offer significant cash back or the ability to earn rewards on rent and recurring expenses, you can turn your shoebox in the sky, your house in the suburbs, and everything in between into savings!
Choosing the Right Card for Your Savings
Not all credit cards are created equal, especially when it comes to earning rewards on rent. Some credit cards offer basic rewards, while others skyrocket your earnings with up to 4% cash back value on recurring payments and things like grocery purchases.
Although points credit cards can return a lucrative amount in terms of flight savings or luxury upgrades, if you are a simple cash lover and want to get the most from your rent, these are the cards you should consider. Most of them include a generous welcome bonus:
Scotiabank Momentum Visa Infinite - 4% cash back on recurring bills
TD Cash Back Visa Infinite Card - 3% cash back on recurring bills
Tangerine World Mastercard - 2% cash back on recurring bills
CIBC Dividend Visa Infinite Card - 2% cash back on recurring bills
Amex Simply Cash Preferred - 2% cash back on everything
Scotiabank Momentum Visa Card - 2% cash back on recurring bills
BMO CashBack World Elite Mastercard - 2% cash back on recurring bills
Crunching the Numbers: Your Potential Savings
You're probably churning the numbers yourself, but let's look at a real-life example of how you might take advantage of this:
Best Cash Back Credit Card: Scotiabank Momentum Visa Infinite
By far, the best credit card to select here is the Scotiabank Momentum Visa Infinite, which offers 4% cash back on recurring bills. If your monthly rent is $2000, the average across Canada, you can earn $80/month just by paying rent with this card. Taking the Chexy fees out of it ($35) leaves you with $45/month in clean savings.
Over the course of a year, that adds up to a whopping $540 – All from paying rent through Chexy, which you wouldn’t have received otherwise! When you factor in cash back on other household expenses, you could easily surpass the $1,000 mark in annual cash back earnings.
That’s your next vacation or 3 months of groceries paid just by putting your rent and other daily expenses on this great cash back credit card.
A Few Other Things to Consider When Choosing a Credit Card
Maximizing Your Rewards
Beyond rent, use your credit card for other eligible purchases, such as grocery purchases, eligible streaming subscriptions, and eligible mobile devices. This will help you maximize the rewards you earn on everyday spending. Make sure to pay off your credit card balance in full each month to avoid interest charges and maintain a good credit history.
Bonus Reward Offers
Take advantage of bonus reward offers that many credit cards provide. These can include extra points for specific categories or during certain promotional periods. Keep an eye on the welcome bonus, which can significantly boost your rewards points when you meet the minimum spend requirement within the first few months of account opening.
Additional Perks
Many rewards credit cards come with extra perks such as insurance benefits for travel, rental car bookings, and even mobile device protection. Look for cards that offer rewards on eligible digital subscriptions, food delivery services, and in-game purchases for digital gaming.
Monthly and Annual Fees
Be mindful of the monthly fee or annual fee associated with your credit card. Some cards offer a monthly fee rebate or other perks that can offset these costs. Evaluate whether the rewards and benefits of the card justify the fee. For instance, the BMO CashBack World Elite Mastercard offers valuable benefits that can outweigh its annual fee.
Foreign Exchange and Transaction Fees
If you frequently travel or make purchases in foreign currencies, choose a card with low or no foreign exchange fees to maximize your rewards value. Be cautious of cash advances and balance transfers, as these often come with higher interest rates and fees.
Spending Caps
Some credit cards have a spending cap that applies to certain bonus categories. Understand these limits to optimize your spending and avoid missing out on rewards. Regularly review your credit card statements to track your spending and ensure you're making the most of your card benefits.
Start Now
What are you waiting for? At a time when every dollar matters, maximizing your savings on your largest monthly expense - rent - is your key to a better financial future.
With Chexy, you have the power to earn over $500 in cash back annually just by paying your rent with the right credit card. Don't settle for less – settle for the best with Chexy.
Get started by clicking the button below or apply for the best credit cards via our links above and get your first-month processing fee waived, allowing you to keep all your cashback earnings that month.
CLICK TO GET STARTED WITH CHEXY
To find out more about how rewards credit cards work and which are the best for you, subscribe to The Chexy Rundown for exclusive deals and rewards you don't want to miss.