5 Things to Know About the Aven Rewards Card

The Aven Rewards Card may leave applicants feeling uncertain due to the ambiguous terms and conditions. The use of “promotions” to describe some of the card’s earnings raises questions about whether the high rewards rates are temporary or ongoing.

Furthermore, not all individuals may qualify for the Aven Rewards Card. As of the most recent data available in 2023, Aven indicated that their cards were only accessible in 31 states.

Here are five important points to consider about the Aven Rewards Card.

Aven is most recognized for the Aven Home Equity Credit Card, which serves as a home equity line of credit (HELOC) and a standard credit card. This card is secured by your home and necessitates equity in the home for eligibility. It offers an unlimited 2% cash back on purchases.

In contrast, the Aven Rewards Card is a separate product with its own rewards system that does not require homeownership.

As of December 2025, the Aven Rewards Card provided 3% cash back on all purchases, up to $10,000 per year, and then an unlimited 2% cash back on all purchases with no annual limit. These are impressive rates for a card with no annual fee.

However, it is important to note that the terms and conditions of the card refer to the 2% and 3% rates as “promotions” that commenced on Oct. 24, 2024, and can be terminated at the discretion of Aven. Additionally, as of December 2025, the card offered 6% cash back on groceries, up to $10,000 per year, and then 2% thereafter. Aven labeled this 6% rate as a “promotion” starting on Oct. 31, 2025, which could be canceled at any time by Aven.

While credit cards have the flexibility to adjust their offerings, a card’s rewards structure is typically a continuous feature rather than a temporary “promotion.” Nevertheless, new cards from emerging financial technology companies are susceptible to significant changes as they establish their position in the market, making it uncertain how long the Aven Rewards Card will maintain such high rates. Numerous attempts by BW to contact Aven for clarification were unsuccessful.

It’s worth mentioning that rewards are earned as points valued at 1 cent each. These points do not expire and can be redeemed for cash back in the form of statement credit towards your balance and minimum payment. Additionally, points can be used for booking flights and hotels through Aven’s travel platform.

According to Aven’s terms, cardholders who sign up for autopay, involving setting up automatic monthly payments with a linked bank account, can earn extra points per dollar spent on eligible purchases. The number of points earned depends on the chosen autopay option. Here’s how it breaks down:

• Statement balance, once per month: 1.5 points per dollar.

• Current balance, once per month: 1.5 points per dollar.

• Current balance, twice per month: 2 points per dollar.

• Minimum amount due: 2 points per dollar.

• Fixed custom amount: 1.5 points per dollar.

These points seem to be in addition to the 3x and 2x rates of the card. Attempts to contact Aven for clarification have been unsuccessful.

Unlike top cash-back cards that typically feature welcome bonuses to attract new applicants, the Aven Rewards Card does not provide a welcome bonus.

If you are in search of ongoing high rewards along with a substantial bonus, you may want to consider a card such as the $0-annual-fee Wells Fargo Active Cash® Card. This card offers an unlimited 2% cash back on eligible purchases, and new cardholders can earn a $200 cash rewards bonus after spending $500 on purchases in the first 3 months. Additionally, the card features a 0% intro APR for 12 months on purchases and qualifying balance transfers, followed by a variable APR of 18.49%, 24.49%, or 28.49%.

New Aven Rewards Card holders who enroll in autopay before their first billing cycle can lower their interest rate by 0.25 percentage points. It’s important to note that discontinuing autopay will result in an increase of 0.25 percentage points in the APR.