Canadian homeowners can now earn Aeroplan points on their monthly mortgage payments through a new partnership between Chexy and Aeroplan.
Effective today, Chexy has expanded its relationship with Aeroplan by launching what it says is Canada's first mortgage rewards program, allowing homeowners to earn one Aeroplan point for every dollar spent on eligible mortgage payments made through Chexy using their bank account.
"We're excited to be expanding our partnership with Chexy to include mortgage payments," said Scott O'Leary, Vice President, Loyalty & Product at Air Canada.
"This program provides Aeroplan Members with the ability to turn their monthly mortgage payment into a very meaningful reward – one that brings them closer to the travel experiences they've been saving for."
The program is available with virtually any Canadian mortgage lender and does not require homeowners to switch lenders, refinance their mortgage or change how they bank.
In addition to earning Aeroplan points, members working toward Aeroplan Elite Status will also accumulate one Status Qualifying Credit (SQC) for every five Aeroplan points earned, up to 25,000 SQC per calendar year in the Everyday Partners category.
"At Chexy, we believe the money you have to spend should help fund the life you want to live. Nowhere is that more true than the mortgage — one of the largest payments Canadian homeowners make each month, and one that's never before earned them loyalty rewards. By expanding our partnership with Aeroplan, we're changing that: your mortgage payment can now bring you closer to your next trip. It's an everyday obligation turned into a way to live a little bigger," said Liza Akhvledziani Carew, co-founder and CEO of Chexy.
The new offering builds on Chexy's existing partnership with Aeroplan in the housing sector. The company also works with Fitzrovia, allowing eligible residents in the developer's rental communities to earn Aeroplan points on qualifying rent payments and through promotional offers, subject to applicable terms and conditions.
Mortgage rewards are available beginning today through Chexy.
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