$5 gift card, within 30 days

Borrowell Referral Code

Q: Is the Borrowell referral $5 or $10?

$5. Borrowell's own refer-a-friend page states a $5 reward, delivered as a gift card you choose from major retailers and restaurants such as Amazon, Starbucks and Uber. Figures of $10 circulating elsewhere are inaccurate.

Q: What does my friend actually have to do?

Create a Borrowell account and check their free credit score. There is no purchase, no account funding and no minimum — one of the lowest bars of any financial referral programme.

Q: How long does the gift card take?

Up to 30 calendar days from the referred person signing up and receiving their score, sent by email. That is slow relative to the reward size and is the usual reason people assume the referral failed — wait the full period before chasing.

Q: How does Borrowell make money if the score is free?

It is a credit education and financial marketplace, founded in 2014 and based in Toronto. It provides free weekly Equifax Canada scores and reports, and earns by matching users to credit cards and loans. That means the person you refer will be shown product recommendations — worth mentioning rather than presenting it as a pure utility.

Q: Where is my referral link?

In the Borrowell app, under Account Settings.

$5 gift card when they check their credit score

Borrowell is a Canadian credit education platform offering free weekly Equifax credit scores. Referring a friend pays a $5 gift card once they sign up and receive their free credit score.

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Works in Canada Free Signup

$5OFF

$5 Max Reward

Canada Available In

Web, Android, iOS Platform

Genie Says

Borrowell pays $5 — not the $10 often quoted — as a gift card of your choice, once a referred friend creates an account and checks their free credit score. That is one of the easiest triggers of any financial referral, though the card takes up to 30 calendar days to arrive by email.

How much can you earn?

Share your own code and earn rewards when friends use it

A $5 gift card of your choice from major retailers and restaurantsper successful referral*

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How to Use a Borrowell Referral Code

Find your link in Account Settings

The referral link lives in the Borrowell app under Account Settings.

Friend creates an account

No purchase, no funding, no minimum — one of the lowest bars of any financial referral.

They check their free credit score

This is the qualifying action. Signing up without pulling a score does not complete it.

Gift card within 30 days

Sent by email. A month is long for a $5 reward, so wait the full period before assuming it failed.

Reward Details

Your Reward: Free weekly Equifax Canada credit score and report with change alerts
Referrer Reward: A $5 gift card of your choice from major retailers and restaurants
Minimum Purchase: None — the referred friend must create an account and receive their free credit score
Validity: Gift cards are sent by email within 30 calendar days of the referred signup and score
Available In: Canada
Referral Limit: Set by the current programme
Payout Time: Within 30 calendar days
Eligibility: Canada. Borrowell operates as a credit education and financial marketplace, so referred users will see product recommendations.

Why Choose Borrowell?

It is $5, not $10

Borrowell's own refer-a-friend page states $5, delivered as a gift card of your choice. Higher figures circulating are wrong.

One of the easiest triggers anywhere

No purchase, deposit or approval — the friend just needs to create an account and check their free score.

Thirty days is normal

Gift cards arrive by email within 30 calendar days, which is slow for the size of the reward and the usual reason people think it failed.

About Borrowell

Borrowell's referral is small, simple and commonly misquoted. The reward is $5, the trigger is easier than most, and the wait is longer than you would expect for it.

Borrowell pays $5 for a successful referral, as a gift card you choose from major retailers and restaurants — Amazon, Starbucks and Uber among them. Figures of $10 circulate for this programme; Borrowell's own refer-a-friend page says $5.

The trigger is unusually easy by the standards of financial referrals. Your friend has to create a Borrowell account and check their free credit score. There is no product to buy, no account to fund, no minimum spend and no waiting for a transaction to clear. Compared with the broker and lender referrals elsewhere on this site — where a friend must deposit margin, place a trade or be approved for credit — this is close to the lowest bar available.

What is slower than you would expect is the payment. Gift cards are sent by email within thirty calendar days of the referred person signing up and receiving their score. For a $5 reward triggered by a single free action, a month is a long settlement period, and it is the main reason people assume the referral failed. Give it the full thirty days before chasing.

Your referral link is in the app under Account Settings.

Worth understanding about the product, because it changes who this is worth recommending to. Borrowell is a credit education and financial marketplace business, founded in 2014 and based in Toronto. It provides free weekly Equifax Canada credit scores and reports with change alerts, and it makes money by matching users to credit cards and loans. That model is not a criticism — free credit monitoring is genuinely useful and the trade is transparent — but it does mean the person you refer will be shown product recommendations. Say so rather than presenting it as a pure utility.

For a Canadian who wants to watch their credit file and has no interest in the marketplace side, the free weekly score is a reasonable thing to point them at regardless of the $5.