It is both! Aven is a home equity line of credit that customers access through a credit card. Aven cardholders can use their Aven Card wherever VISA cards are accepted.
Aven cardholders can transfer cash directly from their Aven account to another bank account – it is called a CashOut. There may be a one time fee (please see your account agreement) of the total amount being transferred that will be added to the balance.
To transfer balance from a high interest credit card to the Aven card, cardholders can request a balance transfer (BT) to their credit card. There may be a one time fee (please see your account agreement) of the total amount being transferred that will be added to the balance.