Aven HELOC Card Review

HELOC that works like a credit card: swipe to access your equity. Independent Aven HELOC Card review: 4.2/5 for heloc.

By Michael Hewitt, Founder & Editor-in-Chief.

Our verdict

Aven puts home equity on a Visa card, for borrowers who want to swipe rather than draw, with no annual fee and 2% cashback. That cashback requires a minimum monthly spend, credit limits run lower than traditional HELOCs, and it isn't sold in every state. Treat each swipe as a draw on your home equity.

Skip it if you need a large credit line, or if Aven doesn't lend in your state.

About Aven HELOC Card

HELOC that works like a credit card: swipe to access your equity. Aven HELOC Card is offered by Aven Financial. Our editorial rating is 4.2 out of 5.

Best for: Flexible card-based equity access with rewards.

Editorial grade: A- (composite score 84/100).

Highlights

Access equity via a Visa card
2% unlimited cashback on purchases
No draw fees or annual fees

What we like

Unique card-based access to home equity
Cashback rewards on equity spending
Simple repayment structure

Where it falls short

Lower credit limits than traditional HELOCs
Not available in all states

Fees, minimums, and rates

Monthly fee: $0 annual fee. Minimum to open: $5,000. Current APY: 7.74%. Rates and promotional offers change often, so check the provider's own page before you apply.

How we reviewed it

This is a desk review: we have not opened an account with Aven Financial. It is built from Aven Financial's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the HELOC shortlist. The rubric is the same for every brand.

Similar products to compare

Read our full editorial methodology for how we review products.