topic Re: Aven in Credit Cards

Aven

Jnbmom — Sat, 16 May 2026 19:18:09 GMT

My dear friend sent me this and asked what type of card this is what does the bitcoin mean and loan to value ?

I honestly have no clue is this the card tied to your home equity?

thanls

Re: Aven

Vinjints — Sat, 16 May 2026 19:21:12 GMT

Instead of being tied to your home, I believe it's tied to your BTC holdings. 70% LTV is basically securing the 25k limit by the 37k in Bitcoin. What happens if crypto tanks?

Re: Aven

ElvisCaprice — Sat, 16 May 2026 19:53:43 GMT

Why? Tell her to get the AVEN card not secured to HELOC or Bitcoin and rewards 3% with 10k cap. Get a referral for 4% extra with 10k cap. After caps are depleted, goes to 2% unlimited.

Re: Aven

Jnbmom — Sat, 16 May 2026 20:05:42 GMT

@Vinjints wrote:
Instead of being tied to your home, I believe it's tied to your BTC holdings. 70% LTV is basically securing the 25k limit by the 37k in Bitcoin. What happens if crypto tanks?

Thanks this sounds awful

Re: Aven

ptatohed — Sun, 17 May 2026 00:39:33 GMT

https://ficoforums.myfico.com/t5/Credit-Cards/Aven-Launches-Bitcoin-Backed-Card/td-p/6864441

Re: Aven

FicoMike0 — Sun, 17 May 2026 02:20:43 GMT

I got the 3% card

https://www.aven.com/rewards-visa-card

No heloc or btc. I've been happy with it. It's put my 2% wells card in the sock drawer. They went $15,000, my highest initial limit.

Only issue is they don't report to transunion.

It's a nice black metal card that showed up in a few days.

Re: Aven

galahad15 — Sun, 17 May 2026 03:58:35 GMT

I gave serious thought to apping for the 3% cashback / non-HELOC card, but since like most CUs this one appears to want gross annual individual income rather than gross annual household income, also possibly some tax statements iirc in addition to pay stubs, I think I'll sit this one out. (Been declined too many times by CUs requiring gross annual individual income rather than gross household annual income, the latter of which banks readily accept but not CUs.)

Re: Aven

FicoMike0 — Sun, 17 May 2026 04:07:27 GMT

@galahad15

They asked to link a checking for poi. I linked an account that certainly didn't show activity reflecting my stated income. Was auto approved in real time anyway. Pretty sure it was soft pull until approval.

Re: Aven

ElvisCaprice — Sun, 17 May 2026 04:16:01 GMT

Yep, it's a soft pull unless accepted. Just like AMEX. They pull EX. Although they didn't at first give you a chance to decline. Not sure if they fixed this? Been almost a year since I applied. This is my goto card, period.

Re: Aven

ptatohed — Sun, 17 May 2026 04:26:21 GMT

Right now I get 4% on up to $10,000/mo with Smartly. I'm super stoked. But will it last? Probably not. So, I am always keeping an eye open for a 3% or better everyday card. I'll keep Aven in mind but there seem to be some drawbacks for me. For starters, the cap of $10,000/yr, or say $833/mo is a joke. That's half of AOD's monthly cap and AOD is too low for us! At least Aven drops to 2% instead of 1% like AOD but, still, $833? That would be eaten up alone by just the water and electricity bills in the summer. I'm actually surprised people don't complain more often about that stingy cap. The second thing which I find potentially problematic (but, it could be a blessing too, lol) is no authorized users. My wife and I are AUs on all our (usually my) cards. I guess for the Aven, we'd just have to each apply for our own which, like I alluded to, could be a good thing, even if less convenient. We would double the 3% cap, and I guess I could go first and refer her for the 4% on my card for a year. The Aven card is not out of the running, just not ideal. But, then again, is there an ideal card 3% or higher (other than my beloved Smartly)? Probably not.

Re: Aven

ElvisCaprice — Sun, 17 May 2026 05:13:47 GMT

@ptatohed wrote:
Right now I get 4% on up to $10,000/mo with Smartly. I'm super stoked. But will it last? Probably not. So, I am always keeping an eye open for a 3% or better everyday card. I'll keep Aven in mind but there seem to be some drawbacks for me. For starters, the cap of $10,000/yr, or say $833/mo is a joke. That's half of AOD's monthly cap and AOD is too low for us! At least Aven drops to 2% instead of 1% like AOD but, still, $833? That would be eaten up alone by just the water and electricity bills in the summer. I'm actually surprised people don't complain more often about that stingy cap. The second thing which I find potentially problematic (but, it could be a blessing too, lol) is no authorized users. My wife and I are AUs on all our (usually my) cards. I guess for the Aven, we'd just have to each apply for our own which, like I alluded to, could be a good thing, even if less convenient. We would double the 3% cap, and I guess I could go first and refer her for the 4% on my card for a year. The Aven card is not out of the running, just not ideal. But, then again, is there an ideal card 3% or higher (other than my beloved Smartly)? Probably not.

Is anything ideal? all fleeting, take advantage of it while it's available.

Yeah, it's best for frugal spenders, AVEN 3%, but, if you take advantage of the referral promo, you start out @4% on the first 10k on top of your annual 3% @10k. If you refer anyone after you move up 1% and reset the 10k. Right now I'm @ 6% and have used up only 4k of that 10k. That's why it's my GoTo CC. I'll move up to a fresh 10k @7% soon (no rush), I'm sure (10% is max). Thank you fellow Fico'ers/DofCer's

Re: Aven

FicoMike0 — Sun, 17 May 2026 15:31:35 GMT

@ptatohed

You big spenders have a challenge with caps. For us, p2 has her own cards and pays some of the bills, that spreads them out. My big cat is groceries, bcp covers those. Then comes dining, I've got 3% there with savior or commerce. P2 does electric, which I don't expect to get above $250. Right now it's under $100. Water is included in electric, have our own well. Btw, we water anything we want, it's free, lol!

The aven has cut out my previous 2% catchalls, wells active cash and navy flagship.

You got in on smarty when the getting was good. Kinda wish I'd been willing to move the $100,000. Since I don't have a lot of spend, I tend to be attracted to subs. I got the usb altitude connect when they were paying a $500 bribe. It gives me 4% on gas and is my primary travel card. Just paid $4.39/gal.

Re: Aven

Turbobuick — Thu, 21 May 2026 02:28:20 GMT

@ptatohed wrote:
snipped... "That's half of AOD's monthly cap and AOD is too low for us! At least Aven drops to 2% instead of 1% like AOD but, still, $833? That would be eaten up alone by just the water and electricity bills in the summer. "

No US Bank Cash+ with 5% off all utilities? Saves me a bundle.

Re: Aven

Turbobuick — Thu, 21 May 2026 02:33:11 GMT