Aven bitcoin Visa card will offer BTC-backed line of credit of up to $1 million
Quick Take
- Aven’s new bitcoin credit card will offer fixed-rate, fixed-term loans of up to 10 years at a 7.99% APR as well as unlimited 2% cash back on purchases.
- The so-called “machine-banking” startup aims to reduce borrowing costs by providing credit lines collateralized by users’ existing assets like home equity and now bitcoin.
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Fintech startup Aven is adding bitcoin to its repertoire, rolling out the Aven Bitcoin Visa Card that will offer a bitcoin-backed line of credit of up to $1 million.
Also, in what the firm calls "a first for bitcoin lending," the card features fixed-rate, fixed-term loans of up to 10 years at a 7.99% APR rate. This is compared to the shorter terms and higher rates typically offered in bitcoin lending.
"Bitcoin-backed loans generally have APRs of 10% or more and loan terms of up to 12 months, according to an April 2026 analysis of leading bitcoin-backed loan providers by Aven," the firm wrote in an announcement.
Borrowers will deposit their bitcoin collateral with BitGo.
Aven is a fintech company founded in 2019 that operates a "machine-banking" platform focused on asset-backed credit cards. The firm aims to provide consumer borrowers with lower interest rates by using their existing assets, like securities and home equity, as collateral, instead of relying on traditional credit scores or unsecured debt.
The firm claims to cut interest rates by up to 50% and to have saved users $300 million in interest payments since its founding.
Like Aven’s other cards, the Aven Bitcoin Visa Card will be issued by the Washington state-chartered Coastal Community Bank. The card has no annual or origination fees and offers unlimited 2% cash back on purchases.
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