If you’re into optimizing credit card welcome bonuses in Canada, you likely know that third-party rebate platforms (such as Great Canadian Rebates or CreditcardGenius) are essential tools in any churner’s or points-collector’s toolkit.

Now, one of the most lucrative limited-time promotions has returned: Borrowell’s Credit Card Cash Bonus Rebate Offer.

Borrowell is offering members between $100 and $150 in bonus cash per approved credit card application. With a cap of two bonuses per member, that adds up to as much as $300 in extra cash directly deposited via Interac e-Transfer—completely stacked on top of existing bank welcome offers.

Here is a full breakdown of why this promotion is so significant, the best cards to target, and the critical terms you need to follow to make sure you get paid.

Why This Promo is a Big Deal: Stacking & Exclusive Cards

Most rebate sites feature rotating offers, but Borrowell’s latest promo stands out for two massive reasons:

1. Hard-to-Find Rebates on RBC Cards (Especially Avion)

Historically, major banks like Royal Bank of Canada (RBC) rarely appear on third-party cashback portals—or if they do, the payout amounts are nominal. The RBC Avion Visa Infinite is one of the most sought-after cards in the Canadian market due to its high transfer value (especially during British Airways Avios transfer bonuses or WestJet conversions). Snagging an extra $100–$150 cash rebate on an RBC Avion application through Borrowell is arguably the highlight of this campaign.

2. Double-Dipping on Bank Welcome Bonuses

Borrowell’s cash bonus stacks directly with the official card issuer’s welcome bonuses. For instance:

• TD First Class Travel Visa Infinite (TD FCT): Receive the bank’s promotional points/first-year fee rebates plus the Borrowell cash payout.

• National Bank World Elite / Platinum Mastercard: Get their competitive welcome points and travel credit features plus the e-Transfer reward.

• CIBC Aeroplan or Aventura Cards: Capture tens of thousands of welcome points and stack the Borrowell bonus alongside them.

Even for cards that traditionally offer smaller welcome packages, adding an instant $100 to $150 rebate makes an application substantially more worthwhile.

Offer Highlights at a Glance

Important Rules & Fine Print (Read Carefully!)

While the offer is generous, there are specific hoops you must jump through to ensure your cash rebate doesn’t slip through the cracks:

1. Manual Confirmation Required for Certain Issuers

For applications with specific institutions—namely RBC, CIBC, National Bank, and Home Trust—tracking is not purely automated. You must email info@borrowell.com to confirm your application once you’ve applied.

Tip: Save your confirmation number, timestamp, and card name immediately after hitting submit so you can forward that info to customer support.

2. The Payout Timeline Takes Patience

• Issuer Approval Processing: It can take up to 60 days for the issuing bank to report your application approval.

• Borrowell Processing: Borrowell requires up to an additional 4 weeks to process the confirmation on their end.

• Overall, expect anywhere from 6 to 12 weeks before seeing the funds in your inbox.

3. Claim Window & Expiration

Once Borrowell notifies you that your reward has been issued, you have two (2) months to claim and deposit your Interac e-Transfer. Don’t let the email sit in your spam folder—unclaimed rewards are permanently forfeited.

4. Inquiry Window

If you don’t see your reward or run into tracking glitches, all inquiries must be lodged with Borrowell within four (4) months of your original application date.

Step-by-Step: How to Claim Your Cash Bonus

1. Log in to Borrowell: Open the Borrowell app or sign in via their website.

2. Visit the Marketplace: Navigate to the credit card recommendation section and look for products marked with the cash rebate badge.

3. Apply via the Provided Link: Click through Borrowell’s link to the bank’s application page. Avoid using ad blockers or VPNs during this process so referral cookies track smoothly.

4. Send Confirmation (if applicable): If you applied for an RBC, CIBC, National Bank, or Home Trust card, send a quick confirmation note to info@borrowell.com.

5. Collect Your Interac e-Transfer: Keep an eye on your email over the coming weeks to accept and deposit your payout.

Final Verdict

If you’ve been sitting on the fence waiting to open a new credit card—especially an RBC Avion or TD card—this promotion easily tips the scales in your favor. Grabbing up to $300 in cold hard cash on top of already rewarding point sign-up bonuses is one of the easiest financial wins available right now.