PaySmarter

Strategy · Last updated: October 2026

How to earn rewards on mortgage payments in Canada (Chexy, Neobanc & Pine)

Your mortgage is probably your biggest monthly payment. Two separate choices decide how much it costs you: who lends the money, and how you pay it.

The short answer

Choosing a mortgage and paying it are separate decisions. Pine is a Canadian digital mortgage lender for buying, renewing or switching. Chexy can credit Aeroplan points on eligible mortgage payments, and Neobanc can credit cashback. Rewards depend on each platform's eligibility rules, fees and current terms.

Step 1: get the right mortgage — Pine

Pine is a digital Canadian mortgage lender for purchases, renewals, switches and refinancing, with licensed advisors and occasional cashback promotions. A lower rate saves far more than any payment reward, so start here — especially if your renewal is coming up.

Step 2: earn on the payment — Chexy or Neobanc

  • Chexy: earns Aeroplan points on eligible mortgage payments. Mortgage payments are funded by pre-authorized debit or debit card and carry a service fee — check current rates in the app.
  • Neobanc: earns cashback on eligible mortgage payments. Check Neobanc's current eligibility, fees and payout rules before you switch your payment.

Pine + a payment platform

A homeowner can use Pine for the mortgage and Chexy or Neobanc for the monthly payment. The two don't conflict — one is the loan, the other is how you send the money.

Does it pay?

Compare the value of the points or cashback with any service fee on each payment. On a $3,000 monthly payment, even small differences add up to hundreds of dollars a year — run the numbers with the current rates on each platform.

Go deeper

FAQ

Common questions

Lenders generally don't accept credit cards for mortgage payments. Platforms like Chexy and Neobanc let you earn rewards on eligible mortgage payments under their own funding and fee rules.

No — Pine is the lender. Rewards come from the payment platform you use, such as Chexy (Aeroplan) or Neobanc (cashback).

The rate. A small rate difference on a large mortgage usually outweighs payment rewards. Get the best mortgage first, then optimize how you pay it.

Found this useful? Share it with someone who pays rent or bills.

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