How to Get Cash Back on Rent in Canada (Stop Losing Money!)
Rent is your biggest expense. Why aren't you earning rewards on it? Learn how to get cash back on your rent payments with KOHO.
If you spend $100 on groceries, you expect some points or cash back. But when you spend $2,000 on rent—your single largest monthly expense—you usually get nothing.
That is $24,000 a year of spending power that is going completely unrewarded.
It’s time to change that. With KOHO, you can actually earn cash back on your rent payments.
Turn your spending into savings and get a $65 value bonus. Use code C4MNILZARC. Claim your savings bonus →
The “Rent Jumpstart” Feature
KOHO has identified renters as a key demographic. They know you are tired of writing cheques or sending e-transfers into the void.
Through their Rent Reporting feature (often bundled in the Extra or Everything plans), KOHO offers cash back on rent payments.
The Math: How Much Can You Earn?
Depending on your plan and current promotions, you can earn up to 0.25% cash back on your rent.
It sounds small, but let’s run the numbers:
- Monthly Rent: $2,500
- Cash Back: $6.25/month
- Yearly Earnings: $75.00
That is $75 of free money just for paying a bill you have to pay anyway.
Comparison: Paying Rent with a Credit Card
“But can’t I just pay rent with my credit card to get points?”
Technically, yes, using third-party services like Chexy or Plastiq. However, these services typically charge a processing fee of 1.75% to 2.5%.
- Credit Card Rewards: ~2% (if you have a great card)
- Processing Fee: -1.75%
- Net Profit: ~0.25% (at best)
With KOHO, the process is often smoother and integrated directly into your banking app, without the need to juggle third-party processors and high fees.
How to Set It Up
- Sign up for KOHO.
- Upgrade to a plan that includes Rent Reporting benefits (like Extra or Everything).
- Set up the payment: You can send an e-transfer or set up a Pre-Authorized Debit to your landlord directly from the app.
- Tag it: Identify the transaction as “Rent” to trigger the reporting and rewards.
Conclusion
In an era of high inflation, every dollar counts. Getting cash back on your rent is one of the easiest “passive income” hacks available to Canadian renters. Don’t leave money on the table.
Learn more: Borrowell vs KOHO Rent Reporting and How to Build Credit with a Prepaid Card.
🏠 Turn Rent Into Rewards
Earn cash back on your biggest expense. Use KOHO referral code C4MNILZARC to get up to $65 in sign up bonus value.
Claim Your KOHO Referral Code →
