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How It Works

It works like a regular Visa Credit Card, but taps into your home equity to get you really, really low rates.

What is the Aven Home Card?

Aven is a credit card that lets you use your home equity to get really low rates.

How does it work?

Aven combines the convenience of a credit card with the savings of a home equity line of credit (HELOC). It works like any other credit card where you can make everyday purchases and earn unlimited 1.5% cash back. ¹

Do you offer a fixed rate?

For Balance Transfers and Cash Outs, you have the option of fixed monthly payments – no interest, just a fixed monthly fee. Lock in your payments for 5 or 10 years (10 or 15 years if over $25K). One time 2% transfer fee. Available right in the app.

What is my monthly payment?

Monthly payments work like a standard credit card. It is calculated as 1% of the statement balance towards your principal plus your monthly interest rate on the balance. See Payment Calculator

Can I get cash too?

Yes! You can directly deposit cash from your Aven card to your bank account at the same low rate. A one-time 2% transfer fee applies.₁

Does this affect my credit score?

Checking your offer does not affect your credit score. Only if you accept and finalize your application to get your card will we do a hard credit check.

Are there any fees?

We try to reduce as many of the fees as possible. No annual, sign-up, pre-payment fees. There is a 2% fee on Cash Outs and Balance Transfers and a $29 late fee if you don’t make the minimum payment.₁

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Grow your knowledge with our educational articles written by our team of experts.

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Aven

Resources

1. APR (Annual Percentage Rate) is the cost of credit as a yearly rate and does not include costs other than interest. It is a variable rate based on the Prime Rate plus a margin that doesn't change. The Prime Rate is the highest prime rate published in The Wall Street Journal "Money Rates" table (the "Index"). The Index as of August 3, 2021 is 3.25%. Your initial APR is based on your creditworthiness when you open your account. The maximum APR will not exceed 18% during the life of your account. You may avoid interest charges by paying the balance in full within 21 days after the close of the billing cycle (Grace Period). Cash Out (draw to bank account) fee and Balance Transfer fee is 2% of amount transferred.

AutoPay Discount of 0.25% is offered to new cardholders only. You are not required to sign-up for Autopay. To keep the discounted rate, you must enroll in AutoPay by the end of your first billing cycle, or APR will increase by 0.25%. Unenrolling from AutoPay will increase your APR. Aven reserves the right to terminate the AutoPay Discount program for unenrolled cardholders at anytime and without notice.

Cashback applies to valid purchases (net of refunds or returns) made using the Aven card, and does not apply to non-card transactions, including balance transfers, cash-outs or reward redemptions. Cashback is accumulated as points and redeemable as statement credit. Refer to Rewards Terms & Conditions.

2. Our APR is 3.49-10.99%. The average for other cards in the US for people with good credit is over 19% APR. (Source: "What is the average credit card rate?") wallethub.com on 7.13.21, showing the average rate for credit cards in the US for people with good credit is 19.49% APR.

3. These comparison charts use the midpoint of each card's APR range. Sources: Capital One Platimum, Chase Freedom, Bank of America Cash Rewards Card

4. Source: "Home Equity Loan Rates" https://www.bankrate.com/home-equity/home-equity-loan-rates/. Source: "How Long Do I Need to Wait for a Home Equity Line?" https://homeguides.sfgate.com/long-need-wait-home-equity-line-88547.html. Source: “Average Credit Card Limit” https://turbo.intuit.com/blog/credit-cards/average-limit-4991/ . Source: “What’s a Good Personal Loan Interest Rate?” https://www.experian.com/blogs/ask-experian/whats-a-good-interest-rate-for-a-personal-loan/. Source: “Personal Loan Statistics” https://www.lendingtree.com/personal/personal-loans-statistics/. Source: “2019 Credit Fee Study: What is Normal?” https://creditcards.usnews.com/articles/fee-survey. Source: “What to know about personal loan origination fees” https://www.creditkarma.com/personal-loans/i/personal-loan-origination-fees.

5. Based on transferring $45,735 from a 14% APR personal loan (estimated APR from monthly payments on bureau data) to a 5.74% APR Aven Card. Assumes outstanding balances remains the same throughout the year.

Subject to credit approval. Certain terms and conditions may apply. Terms may vary by applicant and are subject to change. Not available for properties located in Special Flood Hazard Areas. Availability limited to certain states. See aven.com/licenses for more details. Not available for multi-unit homes.

Note for Iowa and Nebraska customers only: We currently only offer lines up to $100,000. Check back soon for higher line sizes.

Aven cards are arranged by Aven Financial, Inc., dba "Aven" or "Aven Card" (in Arkansas and Idaho). NMLS #2042345. See aven.com/licenses for state specific details. Aven reserves the right to modify or discontinue its products or offerings at any time without notice.

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 (NMLS Consumer Access Page) For additional information or complaints to Coastal Community Bank, visit www.federalreserveconsumerhelp.gov.

330 Primrose Road Suite 412,
Burlingame, CA 94010

1 (888) 966-4655
support@aven.com

Equal Housing Opportunity, PCI Compliant

We're sorry but Aven doesn't work properly without JavaScript enabled. Please enable it to continue.

How It Works

It works like a regular Visa Credit Card, but taps into your home equity to get you really, really low rates.

What is the Aven Home Card?

Aven is a credit card that lets you use your home equity to get really low rates.

How does it work?

Do you offer a fixed rate?

What is my monthly payment?

Monthly payments work like a standard credit card. It is calculated as 1% of the statement balance towards your principal plus your monthly interest rate on the balance. See Payment Calculator

Can I get cash too?

Yes! You can directly deposit cash from your Aven card to your bank account at the same low rate. A one-time 2% transfer fee applies.₁

Does this affect my credit score?

Checking your offer does not affect your credit score. Only if you accept and finalize your application to get your card will we do a hard credit check.

Are there any fees?

Become an Expert