Update 8/21/26: Aven has reached out to clarify that the account the $25,000 needs to be in earns 0% APY. Autopay must also be enabled.
Original post: Aven has launched a new credit card/checking account combination offering:
- 5% cash back on the first $25K each year, then 2% unlimited (must deposit $25,000 within 25 days) and maintain a daily minimum balance of $25k
- No annual fee
- Premium metal card
The high yield checking account earns 3.25%, it’s not immediately clear if the $25,000 can be in that account or not? (Update: account earns 0% APY) Here is the breakdown:
- If you put $25,000 into an account earning 5% you’d earn $1,250
- If you had that in an account earning 3.25% you’d earn $812.50
- If you had that in an account earning 0% you’d earn $0
You also need to compare the 5% earning rate to a card that earns 2-3% back on all purchases.
It also looks like you could potentially just spend $25,000 in a single calendar month and then move funds out, although it’s difficult to know if that is possible or not with Aven due to spending limits etc. Aven has launched some other interesting cards as well:
- Aven Launches Bitcoin Backed Card
- Aven Credit Card – Up To 10% Cash Back With Referrals (4% Without)
- Aven Credit Card – Earn 6% Back On All Groceries or Gas (Up To $10,000 In Spend)
- Aven Credit Card – Earn 3% Back On All Purchases (Up To $100,000 In Spend)
And the popular $5 weekly gift card deal. This new card is definitely worth a look and could work for some people.
Hat tip to reader Bockrr
I got 3.25% APY listed on my checking but I don’t see the $1k deposit requirement though. also, I see additional $5k monthly cap on 5% (which was a real bummer). i will still keep the card since I’m losing my platinum honors ccr cards.
Good find. So essentially, they will want the full paycheck and sell all that info to someone for data harvesting when they eventually fold.
as noted originally in https://www.reddit.com/r/CreditCards/ – fund account, pay $25K fed taxes, redeem the points, then goodbye and consider this as a ~$750 “SUB” ( 5% minus ACI fees for example ) minus lost interest on $25K … so just to churn … or “SUB” to get 3% card w/o a need for money in their account
An ongoing 3% card will be beneficial for many people. That said, the $25K used for deposit will have better options for many people wanting to make a quick buck. The US Bank Business bonus would be far better with less work for people that haven’t done it. Even smaller bank bonuses like the Wells Fargo $825 would still be better as it doesn’t require credit card purchases. Personally this is tempting, but I’ll probably stay away from it. Beyond the initial 5% ; 3% on $10k is at most worth $300. Plus may get nerfed anyways. They may end the 5% sooner, but who knows. I also don’t need a 3% as much as others, as most of my card spend is already going towards higher value initial spend requirements. Definitely not worth using a 5/24 slot for me. For someone already out of bonus opportunities, this may be worth it.
No thanks Aven
Just investing $25,000 in S&P 500 with 7% annual returns gets you $1,750 per yr.
Wow, they changed it today. It used to say “Aven High-Yield Checking Account.” I agree, now it sucks.
Do note 2.625% will require a cool $1M from next year for previous Preferred Honors ppl.
This is a 3% everywhere card with a $10k annual cap if you remove your balance.
Aven’s blog has articles about using a credit card to pay taxes, college tuition, and insurance bills. lol https://www.aven.com/blog/best-credit-cards-property-tax-cash-back-2026/ https://www.aven.com/blog/best-credit-cards-college-tuition-payments-2026
Tax payments are typically 1.75% fee
You have to put it in their checking. I don’t see any investment kind of product on Aven’s site.
Looks like a bait
There’s not even a SUB, I don’t think it’s worth it for most. The most you can make is $500 in year 1 (5% – 3% card) and I have a feeling they will nerf it in future
Aven uses calendar year for their other cards. Their app shows you how much of your high cash back you have left to earn
glad they clarified. i was about to apply. who in the right mind would park 25k in a 0%. they don’t make that clarification clear on their website
You think they might get mad if i hit the 5% cash back on the $25k in the first month and bounce my money out elsewhere until the next year and do the same thing?
Good catch but are people on this site really keeping more than 250k USD in liquid cash across their entire portfolio?
Not to mention its from Aven, I mean didn’t these guys had a bunch of change of hearts on terms/bonuses, also like Sofi? You’re putting 25K with no interest to get 5% on purchase lol who came up with this slick deal.
0% APY is crazy 😝
One of the worst offers I have ever seen. Other than taxes, I don’t know anyone that would take a 25k credit card payment. And if you’re paying 2.5% to make a tax payment you are left with 2.5% for 30-60 days. Easier ways to make money.
It doesn’t based on the update.
Agreed, we may as well get the Morgan Stanley Platinum card for the benefits.
The account makes 3.25%
The math ain’t mathing. I wonder how many ppl might fall into this trap thinking it’s a good deal.
What’s a year considered to be — calendar or card? If it’s calendar, the play is put in $25,000 to checking, make a 25k tax payment, empty the checking, and do it again in Jan 2027, before the inevitable nerfing. Then the value over the 2.625% PRE is then $1187.5. Worth thinking about, though definitely some logistical hurdles and nerfing risks.
Requiring $25,000 to sit in a 0% APY account pretty much kills the deal for me. Keeping that money in a 4% account and using a 2%+ cash back card seems like the better option.
if 10%, I will go for it. Also you lose the interest earning from 25k. Bad deal
Did you get the Novo credit card?
“ as determined by us.” LOL