Paying Property Tax and Utilities with a Credit Card

Recently, a reader asked about my monthly expenses and how I flow all my expenses through a credit card. If you’ve been following MDJ for a while, you’ll know that I am a big fan of some loyalty programs and cash back credit cards.

The best is when the stars align that combine a generous loyalty program with an equally generous credit card. If you are curious, my current favorite loyalty program the PC PLUS program combined with the PC Financial Mastercard. We have saved in the thousands over the past few years from maximizing those programs.

We all know that a credit card can be used for regular purchases but what about expenses like property tax and power utilities? These typically require a regular bill payment from your bank account which means you miss out on credit card points.

For example, my property tax payment is approximately $3,700 per year.  If I could somehow flow this through a 1% or greater credit card, that’s an extra $37 in cash back per year with no increase in effort.

Canadian Tire Triangle MasterCard

If you are a Canadian Tire credit card holder, you’ll have access to Canadian Tire Financial Services which has the option for paying various municipalities and utilities using your credit card as payment.  As a result, you’ll get the points associated with that credit card.  I have the Triangle credit card which gives me 1% in Canadian Tire money for purchases made outside the Canadian Tire family of stores.

Here are the steps:

  1. Within their site, there is an option for “online bill payments” which can be accessed here.
  2. From there, you enter your credit card number and your date of birth
  3. Next, you’ll see a screen to enter the  “Bill Amount:”, then select the “Bill Payee”.
  4. Hit “Submit” and you are done!

The downside of this method is that it’s not automatic.  You need to enter your credit card and billing information every time you want to make a payment which makes it a bit of a pain for regular bill payments like utilities.

As a quick aside, the free Triangle MasterCard is a fairly strong offering if you are a regular Canadian Tire/Sportchek/Marks Work Warehouse.  It gives you 4% back in Canadian Tire money when shopping within those stores, 1% everywhere else, and the World Elite version will give you free roadside assistance.  Otherwise, check out my favorite free cash back credit cards at the moment.


This is a FinTech company with an office in Toronto that has created an app to allow you to pay your bills (property tax, utilities, insurance, credit card, cell phone) using multiple payment options (like your credit card) with no fees.  Note that they only accept MasterCard and American Express, and it’s free for M/C only.  If you use AMEX, they charge 3%.

If that’s not enough, they also offer “points” for every bill that you pay.  So you get to collect your credit card points and PayTM points at the same time.

What are PayTM points?  You get 1 point for every $1 that you spend on bill payments, however, there are limits.  The limits are:

  • Utilities: 500 pts/month
  • Tax Payment: 1,000 pts/month
  • Credit Card Payment: 1,000 pts/month
  • Tuition: 1,000 pts/month
  • Other Bill Payments: 500 pts/month

These points can be redeemed for a variety of gift cards that they offer.  Some of the gift cards include Tim Hortons, Esso, Amazon, Starbucks, Cineplex, Cara Restaurants, Sport Chek and many more.  Generally, 1,000 points are worth $1.  So a $10 Starbucks gift card would require 10,000 points.

The beauty of the app is that you can “schedule” your bill payments, and they even have a concierge service that will set up all your bills for you.

The biggest downside I can see is that the app should have extra security for logging in such as fingerprint validation or a pin code.  Right now, if someone has access to your phone, they can simply open the app and send money from your account.  The best way to protect against this is to avoid connecting your bank account to the app and just stick with the credit card.

Sign Up Bonus

If you are interested in signing up, and you want to throw a few points at MDJ, download the app and use my referral code: PTM5376840 which will give us both 5,000 points.

Final Thoughts

There you have it, a couple of methods to gain credit card points for expenses that normally don’t accept credit cards!  I’ve been using the Canadian Tire method to pay property tax because it’s easy (it’s only twice a year).  The downside is that you can’t make the payments automatic, which is why I haven’t used it to pay my power utility bill.  It’s just so much easier to have the automatic withdrawal from my bank account.

The PayTM company has really come up with something that adds a lot of value.  You can use it to pay bills with your credit card AND get bonus points from PayTM.  It’s quite a remarkable system but I’m not quite sure how they make money!  They seem to be a fairly large company that originated in India, and perhaps they plan to sell the consumer data collected or put up a few advertisements, but it’s not apparent to me.  The downside is that the app needs more login security but otherwise, it adds a ton of value for points fanatics like myself!

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FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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4 years ago

PayTM changes

IMPORTANT: as of Nov 1st, 2019, a convenience fee will be applied to all debit and credit card payments.

Here’s a quick summary of the fees that you will incur depending on the payment method:

Bank Account: No fees
Paytm Cash: No fees
Visa Credit & Mastercard Credit: 1.75%
Visa Debit & Mastercard Debit: 1.25%
American Express: 3%

Can still pay via PayTm cash, but that doesn’t allow us to maximize our credit card benefits.

4 years ago

“Starting August 26th, 2019, Paytm customers will be charged a 1.75% Credit Card convenience fee on Property Tax bill payments.” Unless your credit card rewards are more than 1.75% it is not worth it using Paytm anymore.

I will try my Canadian Tire credit card as you mentioned. Thanks!

5 years ago

Property tax payment has become a little more confusing on the new CT bill payment setup. You need to search under “tax” and then look to see if your jurisdiction is available for property tax payments. I had tried through jurisdiction name, property tax, property, and a bunch of other options before hitting on the correct one.

5 years ago

Yes, manual… I just double pay most of the utilities so it’s only every other month. But love those CDN tire credit that I use against purchases ( just got tool accessories for free). Far better than paying out at paytm.

5 years ago

Have CDN Tire card…interesting, though requires manual processing.
How reliable has Paytm worked out to be? Have you researched the concerns raised above?

5 years ago

A person is not allowed to pay their property tax with a credit card in the City of Edmonton; I’m surprised your jurisdiction allows it. I think this is for good reason but I would still love the benefit if they had it. What is your jurisdiction that you are allowed?
Also, EPCOR does not allow it either (sad face) and they are my water utility in the region as they are for much of urban Alberta. So, that’s nice if you can get it.

5 years ago

Anyone know of ways to pay utility bills with Visa ?

5 years ago

I have used CanadianTire for about a year. Interface is much better now.
I just pay double the small bills so that its less of a hassle (credit shows on the next bill)…

Works great, and were dealing with a Canadian company as opposed to some unknown.

5 years ago
Reply to  FT

Here is a big beware! I set up a payee on CanadianTire online account, but, I input the wrong payee account number(my bad). The payment bounced back, that’s ok, then CTFinancial froze all my payee activity for 30 days as an internal security prorocoll.

5 years ago

Paytm is free and you asked yourself “how do they make money”? As they say: if you are not paying for the product, you are the product. Tread carefully giving up your financial details to that service!

5 years ago
Reply to  Moby

$10 Starbucks for 10,000 points is a joke! What am I missing?

Diane Conibear
5 years ago

I just submitted a very long comment on credit cards and RRIFs, but I meant to ask about a topic you have written about previously: The Smith Maneuver! I read and reread but for the life of me I just do not understand it! Can you do another article about the SM, but very very simple, step-by-step on how to do it.
Thanks, Diane Conibear