Send Interac e-Transfer
You fund the mortgage payment via Interac to Neobanc — $0 fee.
Mortgage guide · Canada · August 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 pays your mortgage by Interac e-Transfer and earns you 0.5% cashback at $0 fee. Since August 2026, Chexy pays mortgages too — from your chequing account, for 1 Aeroplan point per eligible dollar at a 1.75% fee. Pair either 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 pays mortgages and credit card balances. You send Neobanc the payment by Interac e-Transfer ($0 fee), Neobanc pays your lender by EFT in CAD, and you earn 0.5% cashback on the payment. Since August 2026, Chexy also pays residential mortgages at any Canadian lender — funded by pre-authorized debit or Visa Debit rather than a credit card, earning 1 Aeroplan point per eligible dollar with a 1.75% service fee. Casa remains rent-only.
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.
Chexy's rail answers a different question: points instead of dollars. That same $2,500 monthly mortgage earns roughly 30,000 Aeroplan points a year against $525 in service fees — a clear win if you redeem Aeroplan above about 2¢ per point, and a net loss if you redeem for gift cards. The Chexy mortgage guide runs the numbers at every payment size, and the best Aeroplan cards in Canada cover the rest of that stack.
Homeowners rarely stop at the mortgage. The other large, unavoidable bill is municipal property tax — see the best credit cards for property tax payments, and for a card you'll actually keep year after year, the best long-term keeper cards in Canada.
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 how the cashback and Aeroplan mortgage rails differ.
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 Chexy instead of Neobanc if you collect Aeroplan and redeem above ~2¢ per point — 1 point per eligible dollar, chequing-funded, 1.75% fee. See the Chexy mortgage math.
- Stack a payment platform with Pine 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
Related guides
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FAQ
Paying your mortgage with a credit card in Canada
No. Canadian mortgage lenders don't accept credit cards, and neither Canadian workaround charges one. Neobanc funds the payment by Interac e-Transfer at $0 fee and credits 0.5% cashback. Chexy pays your mortgage from your chequing account (pre-authorized debit or Visa Debit) and credits 1 Aeroplan point per eligible dollar, with a 1.75% service fee. Both differ from how you pay rent with a credit card in Canada, where the card is charged directly. Check the current Neobanc offer or the current Chexy offer before signing up.
Two: Neobanc (Interac e-Transfer, $0 fee, 0.5% cashback) and — since August 2026 — Chexy (chequing/debit funded, 1.75% fee, 1 Aeroplan point per eligible dollar). Casa remains rent-only. For the rate side of the equation, Pine competes with the big banks when you buy, renew or switch.
Neobanc if you want guaranteed dollars: 0.5% cashback at $0 fee is strictly positive. Chexy if you're an Aeroplan collector — 1 point per eligible dollar against a 1.75% fee only works out when you redeem points above roughly 1.75¢–2¢ each. Full breakdown on the Chexy mortgage guide.
1 Aeroplan point per eligible dollar. A $2,500 monthly mortgage earns 2,500 points a month — roughly 30,000 Aeroplan points a year — while the 1.75% service fee costs $525 a year.
Yes. Rent can be charged to a credit card directly through Chexy, Neobanc or Casa, while mortgage payments are never charged to a card — they're funded by Interac e-Transfer (Neobanc) or pre-authorized debit (Chexy). See how the platforms compare in our comparison of rent payment platforms in Canada. The reward is also smaller — 0.5% cashback or 1 Aeroplan point per dollar on a mortgage, versus 1–2% plus full card rewards on rent.
The Neobanc route is worth it — 0.5% cashback at $0 fee is pure profit on a payment that historically earned nothing, about $150/year on a $2,500 mortgage. The Chexy route is worth it only if you redeem Aeroplan points well, because you're paying a 1.75% fee to earn 1 point per dollar. Either stacks with a better rate from Pine.