8ball Posted May 2 Share Posted May 2 Maybe this has been around awhile and I'm just seeing it now. ( I have no need for this now but might have been handy when I first filed Chap 7 with a paid off house) Meet Aven—the home equity backed credit card. It’s a HELOC that works like a regular credit card by tapping into your home equity to get you lower interest rates. You can also earn unlimited 1.5% cash back* on everyday purchases. Get started today. Get started on Aven's website https://www.aven.com/?utm_source=experian&utm_medium=email&utm_campaign=pilot2&uid=a530f6042e16477a8a1b338e3ae424b9 hegemony 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted May 2 Share Posted May 2 14 minutes ago, 8ball said: Maybe this has been around awhile and I'm just seeing it now. ( I have no need for this now but might have been handy when I first filed Chap 7 with a paid off house) Meet Aven—the home equity backed credit card. It’s a HELOC that works like a regular credit card by tapping into your home equity to get you lower interest rates. You can also earn unlimited 1.5% cash back* on everyday purchases. Get started today. Get started on Aven's website https://www.aven.com/?utm_source=experian&utm_medium=email&utm_campaign=pilot2&uid=a530f6042e16477a8a1b338e3ae424b9 might be fun if it actually reports "Up To $250,000 Limit" Burgerwars 1 Quote Link to comment Share on other sites More sharing options...
hegemony Posted May 2 Share Posted May 2 although there does not appear to be a grace period... (I couldn't find all the disclosures) Quote Link to comment Share on other sites More sharing options...
Burgerwars Posted May 2 Share Posted May 2 I wonder about these cards. With a run-of-the-mill credit card you just screw up your credit if you're unable to pay for all those fancy restaurant meals. With this card, for all those fancy restaurant meals you're unable to pay for, not only do you screw up your credit you could end up losing your house. 😕 8ball and cashnocredit 1 1 Quote Link to comment Share on other sites More sharing options...
swimmingwithsharks Posted May 11 Share Posted May 11 Years ago (turn of the 21st century), Third Federal Bank (Cleveland, OH) offered a Visa that accessed the HELOC. Not sure if they still do. On 5/2/2023 at 11:32 AM, Burgerwars said: I wonder about these cards. With a run-of-the-mill credit card you just screw up your credit if you're unable to pay for all those fancy restaurant meals. With this card, for all those fancy restaurant meals you're unable to pay for, not only do you screw up your credit you could end up losing your house. 😕 This is the problem - this product is secured by the home! Very easy to get into trouble and lose the home; I mean, it seems to me that people who could get an unsecured card would not need a HELOC credit card, and those who need a HELOC credit card are probably at the highest risk of losing the house because there was a reason they couldn't get an unsecured card to begin with. Danger, Will Robinson! 8ball and Burgerwars 2 Quote Link to comment Share on other sites More sharing options...
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