As part of the Borrowell Credit Builder Program, you gain access to exclusive cash back offers when you apply for eligible financial products through the Borrowell Marketplace.
How it works
- Sign up for Borrowell Credit Builder: Get started with our credit building program.
- Apply for an eligible product: Explore eligible financial products available in the Borrowell Marketplace.
- Get approved and receive your cash back reward: Once your financial product is approved and active (such as a credit card you've been approved for or a loan you've funded), your cash back reward will be sent to you within 90 days.
- Need help?: If you were approved for an eligible product and haven't received your cash back within 90 days, please reach out to our support team
*For further program details, including eligibility and payout timelines, please review the program Terms & Conditions.
Eligible products
We’ve partnered with trusted financial institutions to bring you great cash back opportunities on a variety of products designed to support your financial journey. This list is not exhaustive, and we may add new eligible products from time to time, so be sure to check back for updates!
Credit Cards
- Capital One Guaranteed Credit Card
- Capital One Guaranteed Secured Credit Card
- Capital One Smart Credit Card
Chequing Accounts
- Coast Capital Elevate Chequing
- Coast Capital Unlimited Chequing
- Scotia Bank Basic Bank Account
- Scotia Bank Basic Plus Account
- Scotia Bank Preferred Package
- Scotia Bank Student Advantage
- Simplii Financial Chequing Account
Savings Accounts
- Laurentian Bank High-Interest Savings Account
- Scotia Bank Savings Account
- Simplii Financial High-Interest Savings Account
Other Financial Products
- Homewise powered mortgages on the Borrowell Marketplace
- Exclusive discount on Rent Advantage
Earn more cash back rewards with higher tiers
The higher your tier, the more cash back rewards you can earn when approved for a financial product. Higher tiers show a greater commitment to building your credit, and we want to reward you for that!
| Product | $5 biweekly* | $15 biweekly* | $25 biweekly* |
| Credit card | $20 per card | $30 per card | $50 per card |
| Bank account | $20 per account | $40 per account | $100 per account |
| Mortgage | $500 | $1,500 | $2,500 |
| Rent Advantage | 10% discount | 15% discount | 50% discount |
*Plus applicable taxes
Program eligibility
To earn cash back rewards, your Credit Builder account must be in good standing, and you must successfully acquire the financial product (such as being approved for a credit card or funding your loan). If you have any questions about your eligibility or the cash back reward program, don’t hesitate to contact our support team. Please note that a cash back reward is earned once you get approved for a product and not at the time of application.
We may review your information and request additional details to confirm your eligibility for cash back. This helps ensure that rewards are issued correctly and fairly to all eligible members.