Aven Credit Card – Earn 3% Back On All Purchases (Up To $100,000 In Spend)

Aven has launched a credit card. Card is slightly different as it’s linked to your home equity. Card basics:

• No annual fee
• Card earns 3% back on all purchases on up to $100,000 in spend per year, then 2% unlimited cash back (must be enrolled in AutoPay)
• 7.49 – 14.99% Var. APR
• Cash Out (draw to bank account) fee and Balance Transfer fee is 2.5% of amount transferred

Our Verdict

It does say you can check your offer without a credit check so they must be doing a soft pull on your credit and then a hard pull if you go ahead and apply for the product. The 3% cash back is obviously interesting, I suspect you might also be able to get large credit limits as it’s tied to your home equity. This could help boost your FICO score. Could also be useful as a HELOC alternative. Some users are already familiar with Aven due to the $5 weekly gift card offer for those with high credit scores.

Hat tip to reader Tony Q