Canada Referral Codes
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Borrowell Referral Code Canada 2026: $5 Reward Explained

Current Offer

Referral Reward $5 to Referrer

New member: no stated referral cash bonus.

Check Your Free Credit Score

Use the unique referral link before signup; Borrowell does not document standard retroactive recovery.

To Qualify
No Deposit NeededNo SIN or credit card required
Deadline
Before Signup
Payout
Redeemable 30 Days After Signup$5 E-Gift Card · Referrer Only

Borrowell uses a unique referral link. The new member gets Borrowell's standard free Equifax score and report; the $5 CAD e-gift card goes to the referrer, not the new member.

How to Qualify

  1. Use the Link Before Signup Start through the unique referral link; Borrowell does not document standard retroactive referral recovery.
  2. Complete Verification Create the free account with a valid email address and receive the Equifax credit score.
  3. Referrer Waits 30 Days The referrer's $5 reward becomes redeemable after 30 calendar days if the required account conditions remain satisfied.
Borrowell Referral Offer Check Free Credit Score

Borrowell Referral Bonus: Who Gets the $5?

Referrer-Only Reward
Referred New MemberNo Stated Referral Cash Bonus
Referrer$5 CAD e-gift card

Borrowell awards the $5 referral reward to the referrer after a Qualified Referral. The referred member receives Borrowell's standard free Equifax score and report, not a separate $5 signup or welcome bonus.

Check the Current First-Party Terms (opens in a new tab)

How to Use the Borrowell Referral Link

Signup Link Required

Borrowell requires the referred member to create the account through the unique referral link. Its Help Centre does not provide a standard retroactive process for attaching a missed referral after signup.

  1. Open the Unique Link Open the Borrowell referral link before creating the account so the referral can be attributed.
  2. Create + Verify the Free Account Sign up with a valid email address and complete Borrowell's verification.
  3. Receive the Free Credit Score Receive the free Equifax credit score. That completes the referred member's side of a Qualified Referral.

Borrowell Referral Bonus Requirements

  • Qualified New Signup A Qualified Referral must sign up for a Borrowell Free Credit Score account through the unique link, use a valid email address and receive the free credit score.
  • 30 Days in Good Standing Both the referrer and referred member must keep their Borrowell accounts active and in good standing during the 30-day qualification period; self-referrals are not allowed.
  • One Referral per Referee Borrowell counts only one Qualified Referral for each referred person; extra signups by the same referee do not create extra rewards.

Timing & Payout

Pending
Borrowell says the referrer's $5 reward normally appears as Pending about 1 day after the referred member completes signup.
Redeemable
The pending reward becomes eligible for redemption 30 calendar days after signup if the conditions remain satisfied.
Redemption + Expiry
Available rewards must be redeemed as the full balance. Unredeemed unlocked rewards do not expire; after redemption, the emailed gift-card selection link is valid for 365 days.

Don't Lose Your Borrowell Referral Bonus

  • Do Not Miss the Signup LinkThe referred member must create the account through the unique link. Borrowell does not document a standard way to add it afterward.
  • Keep the Account EligibleA valid email and an account in good standing are required. Borrowell says an ineligible pending reward is shown as Cancelled.
  • Redeem the Full BalancePartial redemption is not permitted. Once redeemed, use the emailed gift-card selection link within 365 calendar days.

Borrowell Referral Link FAQ

What is the Borrowell referral code?

Borrowell uses invitation-specific referral links/codes rather than one universal promo code for every new member. The referral program requires the unique link before account creation.

Do I get $5 for using a Borrowell referral link?

No. Borrowell's current Refer a Friend terms award the $5 CAD e-gift-card referral reward to the referrer. The referred member does not get a separate $5 referral, signup or welcome bonus.

Can I add a Borrowell referral after signing up?

Borrowell requires the referred member to create the account through the unique referral link, and its Help Centre does not document a standard retroactive attachment process.

Can an existing customer qualify for a Borrowell referral?

Borrowell defines a Qualified Referral as someone who signs up for a Borrowell Free Credit Score account through the unique link and receives the free score. An already-existing account does not meet that new-signup definition.

How long does the Borrowell referral reward take?

Borrowell says the referrer's $5 reward normally appears as Pending about one day after signup and becomes redeemable 30 calendar days after signup if the eligibility conditions remain satisfied.

Why is my Borrowell referral reward missing or not received?

Pending is normal during the 30-day qualification period. Borrowell says a pending reward can be Cancelled if the referred friend does not have a valid email address or keep the account in good standing; also confirm the signup used the unique referral link.

Do Borrowell referral rewards expire?

Unlocked rewards do not expire while they remain in the Rewards balance, and Borrowell requires the available balance to be redeemed in full. After redemption, the emailed gift-card selection link is valid for 365 calendar days.

What does the referred new member actually get from Borrowell?

Borrowell's standard free service provides an Equifax Canada credit score and report with weekly updates. Borrowell says checking it is a soft inquiry and no SIN or credit card is required; the $5 referral reward still belongs to the referrer.

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