Aven Card: Best Credit Card for Homeowners? (Watch BEFORE You Apply)

Are you looking to get a HELOC or a new credit card? How about BOTH? The Aven Card combines both products with a simple application process. Learn if it’s right for you! https://getaven.com/try | Click “Show More” to see Ad Disclosure.

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The data presented in this video is accurate as of November 2023. This data can change over time and it is solely the responsibility of the consumer to verify the most up to date rates, line sizes, etc.

Sponsored by Aven Financial, Inc. dba Aven or "AvenCard" (in AR, ID, and PA), 548 Market St # 99555, San Francisco, CA 94104. NMLS # 2042345. Subject to credit approval. Certain terms and conditions may apply, may vary by applicant and are subject to change. Limited to certain states - see aven.com/licenses for details. See additional disclosures at aven.com.

The Aven Card is issued by Coastal Community Bank, pursuant to a license from Visa U.S.A., Inc. Aven accounts are made by Coastal Community Bank, Member FDIC. Equal Housing Lender. NMLS # 462289 (www.nmlsconsumeraccess.org)

View all Disclosures at: https://www.aven.com/#disclosures

More info about competitor cards mentioned in the video:
- Wells Fargo Active Cash: https://creditcards.wellsfargo.com/active-cash-credit-card
- Citi Double Cash: https://www.citi.com/credit-cards/citi-double-cash-credit-card

What is the Aven Card?
A credit card that lets you use your home equity to access a credit line with low rates. It combines a credit card with a HELOC.

What is a HELOC (Home Equity Line of Credit)?
A HELOC is a secured line of credit backed by your home. To get a HELOC, you must have equity in your home, meaning the amount owe on your home is less than the home’s value.

Aven Card Qualifications
To get the Aven Card, you need to own a home, have equity in your home, earn sufficient income relative to your monthly bill, and have a good credit score.

Rewards
The Aven Card earns 2% cash back on all purchases.

Aven Card Benefits

1. No Fees to Get Started. This means you won’t pay an origination fee, an appraisal fee, notary fee, annual fee, or any prepayment penalty.

2. Low Interest Rates. Currently, 7.99% - 15.49% variable APR. You can also qualfy for a 0.25% discount via autopay.

3. High Potential Credit Limits. Based on where you live, you could qualify for a credit limit of $100,000 to $250,000. On the lower end, limits start at $5,000.

4. Quick Application Process. The traditional HELOC application process can take 2 – 6 weeks. However, with the Aven Card, it can be done online in around 15 minutes.

5. Consolidate Debt. Transfer higher interest debt from other credit cards or personal loans to Aven Card to pay down debt faster. There’s a one-time fee of 2.5%.

6. Cash Out to Your Bank. Deposit cash from Aven Card to your bank account. There’s a one-time fee of 2.5%.

7. Flexible Repayment Options. Use Aven Card like a regular credit card or for cash outs.

8. Check Your Offer. There’s a preapproval process that will not affect your credit score.

9. Backed by FDIC-insured Coastal Community Bank.

10. Built-in Safeguards. Stay in control over your spending and debt levels. Get alerts for large purchases to approve or deny them.

11. Tax Deductible. Interest on eligible home improvement projects may qualify for a tax credit. Consult a tax advisor.

Is the Aven Card Worth It?

Disclosure: The thoughts, opinions, and information presented are those of the creator. This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com, YourBestCreditCards.com, and others. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor.

#creditcard #heloc #aven