Here’s the latest on Aven’s new 3% cash-back promotion, organized into clear, informational sections.
Aven’s Home Equity Credit Card now offers an elevated
rewards rate: cardholders earn 3% back on all purchases—up to $100,000 in spend
per calendar year—and then revert to the standard 2% unlimited cash back
thereafter. There is no annual fee on the card, and APRs range from
7.49%–14.99% variable, depending on creditworthiness. To qualify for the 3%
rate, you must enroll in AutoPay by your first statement; otherwise, you earn
the standard 2% back from day one. This limited‐time promotion began on March
27, 2025, and Aven may end it at their discretion.
Direct Link to OFFER
Aven Credit Card – Earn 3% Back On All Purchases (Up To $100,000 In Spend)A Hybrid HELOC-Backed Card
Aven’s Home Card taps your home equity as collateral,
functioning like a HELOC combined with a traditional Visa® credit card. Issued
by Coastal Community Bank, it requires you to own a home with equity and carry
no annual fee. Applications undergo a soft pull for prequalification and, upon
approval, funds can be available in as little as 15 minutes.
Credit Line & Eligibility
Credit lines start at $7,000 and can go up to $250,000,
depending on state . Applicants need a minimum FICO® Score of 640 and proof of
income; Aven uses automated valuation models rather than traditional appraisals.
Defaulting on payments for over 180 days can ultimately lead to foreclosure, so
responsible use is critical.
3% Cash-Back Promotion Details
- Earning
Rate: 3 points per $1 on the first $100,000 of net eligible purchases
each year; thereafter, you earn 2 points per $1.
- Enrollment
Requirement: Must enroll in AutoPay by the end of your first billing
cycle to activate the 3% rate.
- Redemption:
Points convert to statement credits (which count toward your minimum
payment) or can be used in Aven’s Travel Portal.
- Promotion
Period: Began March 27, 2025; Aven may terminate the offer at any time.
Rates & Fees
- Variable
APR: 7.49%–14.99%.
- AutoPay
Discount: Enrolling reduces your APR by 0.25 percentage points.
- Annual
Fee: $0.
- Cash-Out
& Balance Transfers: 2.5% fee on amounts drawn to your bank
account or transferred.
Benefits & Considerations
- High‐Value
Rewards: Up to $3,000 back on the first $100,000 spent annually.
- Low
Interest Rates: Rates significantly below the U.S. average credit-card
APR (~20.68% as of May 2023).
- Home
Equity Risk: Using home equity as collateral can pose foreclosure risk
if you default.
- HELOC
Alternative: No closing or appraisal fees make it more convenient than
a traditional HELOC.
How to Apply
- Check
Prequalification: Soft pull only.
- Submit
Application: Verify home equity and income; hard pull occurs at this
stage.
- Enroll
in AutoPay: Do this within your first billing cycle to secure the 3%
rate.
- Activate
Card & Spend: Start earning 3% back on all purchases up to the
annual cap.
Conclusion & Key Takeaways
Aven’s 3% cash-back offer up to $100,000 in spend is a compelling bonus for homeowners seeking a HELOC alternative with high rewards and low rates. With no annual fee and APRs as low as 7.49%, it can serve both everyday spending and large purchases well. However, leveraging home equity brings inherent risks—prospective cardholders should weigh the benefits against the possibility of foreclosure if payments lapse. If you have substantial annual spending and are comfortable with collateralized debt, the Aven Home Card’s new promotion deserves consideration.