In This Issue: 

​​💳 KOHO Metal Card vs Wealthsimple Credit Card: An Overview

🚀 Free Wi-Fi with Air Canada

💙 Chexy is Hiring

🗺️ Chexy Deals: Travel to Paris, Barcelona and Business class to Milan

🤑 Pay Your Bills with Chexy Wallet

It’s finally here – the feature you’ve been asking for! Starting today, all active rent payment users can add their other recurring payments to Chexy. Think Tuition, Insurance, Health Memberships, Gym Fees, Parking, Babysitters, Car Leases, Phone Bills – basically, all those bills you wish could earn you rewards. 🏠📲

With the first version of our Chexy Wallet, managing your household expenses just got easier (and smarter). We’ve seen some of you sneak in early and start using it already – we see you. 👀

How to Get Started:

1. Log In & Add Subscriptions: Head to your Chexy Dashboard and add your recurring bills.

2. Enter Subscription Info: Fill in the payee details, amounts, and due dates.

3. We Handle the Rest: We’ll charge your card and take care of the payments automatically.

Simplify your life and turn those boring bills into sweet, sweet rewards. Check out more details here!

🚀 We’re Hiring!

At Chexy, we believe in creating opportunities for our community 💙. We love hiring from our audience because who better to join our team than the people who understand our mission best?

If you’re passionate, driven, and want to be part of a team that’s making a difference, we’d love to hear from you!

Explore our open roles and apply today: chexy.applytojobs.ca 🧑‍💻✨

💳 Koho vs. Wealthsimple—Which Credit Card Wins for Canadians (and Renters)?

Fintech cards are dropping left and right, each one “promising” to be the best thing since contactless payments. Two big players on the scene right now are the Koho Metal Mastercard and the Wealthsimple Credit Card. One wants to buy you in with the premium aesthetic and flashy design; the other keeps things simple while delivering solid cashback and credit-building perks. But which one makes sense for Canadians—especially our Chexy users?

Let’s compare their features, see what it takes to qualify, and do the math on which card actually delivers value.

Koho Metal Mastercard (Coming soon). 💳

The Koho Metal Mastercard, which is currently in its waitlist stage is all about giving you that premium experience with a lack of premium perks. It’s a metal prepaid card that feels sleek and modern, mimicking the look of the American Express Platinum card without the $799 price point or value, for that matter.

Lets take a quick look at if the shine holds up when you look at the details.

Requirements 📋

To get the Koho Metal Mastercard, you need to:

1. Sign up for the yearly Everything Plan at $177 per year. If you’re not on that plan, you can still get the card by paying a one-time fee of $150. 

2. Since it’s a prepaid card, there’s no credit check and no need for a high income or perfect credit score.

3. Must be a Canadian resident and age of majority (18) to apply.

While this makes the card incredibly accessible, it creates a bit of a paradox. You wouldn’t expect a metal card—typically associated with exclusivity and premium status—to have virtually no barriers to entry. This ease of access contradicts the “premium” image the card and the brand wants to project. 

The sleek design and premium feel are there, but the path to getting the card feels almost too easy for what it’s trying to represent, especially when looking at more details, like the earn rates and perks.

Earn rates

Plus:

• Interest Earnings: Earn up to 5% interest on your balance.

• Fee Structure: No foreign transaction fees.

• Extras: You get 3 GB of eSIM data per month, one free international ATM withdrawal, and 50% off Koho’s Credit Building services

The Math: Is It Worth it? 🧮

To justify the $177 annual fee, you need to spend enough in the 2% categories. Here’s the breakdown:

To get real value from the Koho Metal Mastercard, you need to be strategic about your spending. The card’s annual fee is $177 through the Everything Plan, or you can pay a one-time fee of $150. To break even on that $177 fee, you need to consistently spend about $738 a month in the categories where the card offers 2% cashback—specifically groceries, dining, and transportation. If your monthly spending in these categories is lower, the fee becomes harder to justify. 🤑

Spending outside these categories only earns 0.5% cashback, which means you’d have to spend significantly more to cover the fee. If your spending habits are varied or unpredictable, the Koho Metal Card’s fee can quickly outweigh its benefits.

Additionally, because the Koho Metal Card is a prepaid card, it doesn’t help you build credit. While you get some cashback and perks, your payments won’t contribute to improving your credit score. If building or maintaining good credit is a priority, this card won’t support that goal.

Wealthsimple Visa Credit Card (Coming soon).

The Wealthsimple Visa Credit Card takes a different approach. It’s a credit card with straightforward rewards and no fees if you meet the requirements. 

You get 2% unlimited cashback on all purchases, no categories to track. The math here is simple, so we won’t break it down but this is a solid card for everyday spending if you are already a Wealthsimple customer.

Plus, there are no foreign exchange fees, and since it’s a credit card, every payment helps boost your credit score, unlike Koho’s Metal Card. Your cashback lands instantly in your Wealthsimple account, where you can spend or invest it.

Requirements

The card has no monthly fee if you deposit $2,000 a month into your Wealthsimple Cash account. You will however need to pass a credit check to qualify.

Which Card Reigns Supreme?

The Wealthsimple Credit Card is the clear winner if you want cashback, no fees (assuming you meet the deposit requirement), and a way to build credit. It’s simple, rewarding, and makes financial sense for most Canadians. Plus, you can use this card with Chexy and get 0.25% on every rent payment after the fee.

✈️ Air Canada’s Free Inflight Wi-Fi Is Coming

Starting May 2025, Air Canada is rolling out fast, free inflight Wi-Fi on over 85% of their fleet for flights within North America and Sun destinations. Sponsored by Bell, this Wi-Fi will be streaming-quality, making it easy to work an watch shows. 

If you’re an Aeroplan Member, you’re in luck! The free Wi-Fi is yours—just sign up if you haven’t already (it’s free and you can even do it at the gate).

Air Canada is also making history by offering free Wi-Fi on Dash 8 Q400 planes, which cover short routes like Toronto, Montreal, and Ottawa. It’s a direct shot at Porter Airlines, which hasn’t made the leap yet.

For those who fly internationally, don’t worry—Air Canada plans to extend free Wi-Fi to long-haul routes in 2026.

For more details, check out the full announcement here.

Credit Card Spotlight 🔦

Welcome to Chexy Credit Card Spotlight! 👀 Each month we’ll recommend a credit card that everyone should have! This time, we’ve got the Scotiabank Gold American Express—perfect for everyday buys and travel. Let's jump in. ✅

Scotiabank Gold American Express Card

Earn up to 6X the Scene+TM points on every $1 CAD you spend in Canada on eligible grocery, dining, and entertainment purchases.

Earn Rates:

6X on every $1 CAD you spend in Canada at Sobeys, Safeway, FreshCo, Foodland, and more.

5X for every $1 CAD you spend on Dining, Food Delivery, and other eligible grocery stores.

5X for every $1 CAD you spend on eligible entertainment purchases. Includes movies, theatre, and ticket agencies.

3X for every $1 CAD you spend on gas and daily transit options. Includes rideshare, buses, taxis, subway, and more.

3X for every $1 CAD you spend in Canada on eligible select streaming services.

1X on Everything Else

Annual Fee:

The card has a $120 annual fee but your first year is waived!

Check out these awesome deals you definitely don't want to miss if you're thinking about travelling in the next few months!

1. Toronto(YYZ) ➡️ Copenhagen (CPH)

   • Cost: 27,900

     

   • Dates: January 16th, 2025

   • Book: Here

2. Montreal (YUL) ➡️ Milan (MXP)

   • Cost: 64,800 (Business Class)

     

   • Dates: January 20th, 2025

   • Book: Here

3. Toronto (YYZ) ➡️ Barcelona (BCN)

   • Cost: 27,800

     

   • Dates: April 21st, 2025

   • Book: Here