Send Interac e-Transfer
You fund the mortgage payment via Interac to Neobanc — $0 fee.
Mortgage guide · Canada · June 2026
Can you pay your mortgage with a credit card in Canada?
Short answer: not directly. Canadian mortgage lenders don't accept credit card charges. The workaround used by Canadians who already pay rent with a credit card in Canada is Neobanc — it lets you pay your mortgage by Interac e-Transfer and earns you 0.5% cashback on every payment. Pair it with Pine to also lock in a better rate.
Can you pay your mortgage with a credit card in Canada?
Not directly — but there's a workaround. Canadian mortgage lenders don't process credit card payments. So unlike rent, you can't simply route your mortgage through a card to earn points.
What you can do is use Neobanc, the only Canadian platform that handles mortgage payments. You send Neobanc the payment amount by Interac e-Transfer ($0 fee), Neobanc pays your lender by EFT in CAD, and you earn 0.5% cashback on the payment. Chexy and Casa are rent-only and don't support mortgage at all.
Why does this matter? Mortgage payments are usually the largest recurring expense in a household. A $2,500 monthly mortgage is $30,000/year — and historically, none of that earned anything. Routing it through Neobanc by Interac turns 0.5% of it into cashback (~$150/year on $2,500/mo) at no fee.
Neobanc
How Neobanc pays your mortgage
Neobanc is a Canadian fintech platform that handles rent, bills, mortgage and credit card payments. For mortgage specifically, the payment must be funded by Interac e-Transfer — Canadian mortgage lenders don't accept credit cards, so this is the only path. You earn 0.5% cashback per mortgage payment at $0 fee.
Earn 0.5% cashback
Cashback is credited back to you on every mortgage payment routed through Neobanc.
Lender gets EFT in CAD
Your mortgage provider receives a standard CAD deposit. No setup needed.
Read the full Neobanc review for fees, tiers, and the exact cashback math.
Pine
Pine: get a better mortgage rate (and a cashback bonus)
Cashback on payments is one half of the equation. The other half — and usually the bigger one — is the rate. Pine is a Canadian digital-first mortgage platform that competes with the big banks when you're buying, renewing, or switching. A 0.25% rate difference on a $500,000 mortgage is roughly $20,000 saved over the life of the loan.
Pine also stacks a cashback bonus by mortgage size: $250 on $150–400k, $500 on $400–750k, and $1,000 on $750k+. That stacks on top of any cashback you earn through Neobanc on each monthly payment.
Pine and Neobanc aren't competitors — they're complementary. Pine optimizes the rate; Neobanc optimizes the way you pay. See the full breakdown on our mortgage hub, or compare Chexy vs Neobanc to see why Neobanc is the only platform that handles mortgage payments.
Example
How they stack on a $500k mortgage
Pine
- Lower rate vs big banks
- $500 cashback bonus
Neobanc
- 0.5% cashback per payment
- ≈$2,500 over time on $500k
Combined: thousands in savings + ongoing cashback. Actual results depend on rates and usage.
Final verdict
Should you do it?
- Use Pine if you're buying, renewing, or switching — chase the lower rate plus signup cashback.
- Use Neobanc on every mortgage payment to earn 0.5% cashback via Interac e-Transfer at $0 fee.
- Use both together for maximum savings — most homeowners only optimize one.
Best setup · Mortgage
Best mortgage-routing setup
Route mortgage payments through Neobanc's Interac e-Transfer and earn 4% on the resulting bill-coded transaction with Scotia Momentum (first-year free).
- Best for
- Homeowners with a $2k+ monthly mortgage who pay their card statement in full.
- Expected value
- ~$700–$1,100 in year one on a $2,500/month mortgage with Scotia Momentum; ~$200–$300/yr ongoing or with Wealthsimple.
- Platform
- Neobanc
$150Anchor card
Scotiabank Momentum Visa Infinite
Scotiabank · Visa · First Year Free
Why: Mortgage payments through Neobanc code as recurring bills — Scotia Momentum earns 4% on bills, stacked with Neobanc's 1% cashback for ~5% effective in year one (annual fee waived).
+$600See review
Simplicity alternative
Wealthsimple Cash Card (Visa Infinite)
Wealthsimple · Visa · First Year Free
Why: $0 fee + 1% flat cashback keeps the math reliably positive at Neobanc's flat routing fee.
+$580See review
Tradeoff: Carrying a balance even one month wipes the cashback. Scotia Momentum's 4% category is capped — confirm your monthly mortgage doesn't exceed the cap. Statement-in-full must be automatic.
Go deeperMortgage payment guide
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Pay rent with a credit card in Canada
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Compare Chexy vs Neobanc
Why Neobanc is the only one that handles mortgage.
Best credit cards for rent in Canada
The same cards that win on rent often win on mortgage.
Mortgage hub
Pine for the rate, Neobanc for the cashback.
FAQ