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? 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
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
