Step 1 — Pick the platform
Default to Neobanc unless you specifically have a premium Amex. Neobanc's 0% platform fee + 1% cashback is hard to beat for any 2% Visa or Mastercard. Chexy wins only when you can earn 2.5%+ effective on the same dollar — typically Cobalt or Platinum redeemed for travel.
Step 2 — Pick the card
- Beginner / simple: Wealthsimple Visa Infinite via Chexy (use Scotia Momentum on Neobanc for higher bill cashback).
- Cashback maximalist: TD Cash Back Visa Infinite via Neobanc.
- Travel optimizer: Amex Cobalt via Chexy (redeem Membership Rewards for Aeroplan points).
- Premium traveler: Amex Platinum via Chexy (redeem for portal travel).
Top picks
Step 3 — Compound with bills
Rent is your anchor — but every recurring bill (utilities, internet, phone, subscriptions) on the same card compounds the bonus and helps you hit signup-bonus minimums faster. Cards with a recurring-bill multiplier amplify this effect. If you earn in Aeroplan points, the same stacking habit applies to online shopping: routing planned purchases through Air Canada's portal adds portal points on top of the card's earn, which our Aeroplan eStore guide walks through.
Step 4 — Re-evaluate quarterly
Platform fees and signup bonuses change. Re-check the math every quarter — a 0.25% Chexy fee change swings $60/year on a $24,000 rent, and a card with a stronger seasonal bonus may now beat your incumbent.