Aven and Forest River Launch Industry's First Co-Branded HELOC

โดย PR Newswire·US·Read original
Summary · why it matters

Aven and Forest River, a Berkshire Hathaway company and North America's largest manufacturer of recreational vehicles, introduced the industry's first co-branded home equity line of credit along with two additional co-branded financial products for Forest River customers. The Forest River Homeline Card combines a HELOC with a credit card, offering qualified homeowners lines of credit of up to $400,000, 3% cash back at Forest River dealerships on up to $50,000 in annual purchases, unlimited 1% cash back on all other purchases, and no annual or prepayment fee. The two other products are the Forest River Journey Rewards Card, which offers 3% cash back at Forest River dealerships on up to $10,000 in annual purchases and unlimited 1% cash back elsewhere with no annual fee, and the Forest River Trailhead Deposit Card, a debit card linked to a high-yield rewards checking account with 2% cash back at Forest River dealerships on up to $5,000 in annual purchases and unlimited 1% cash back on all other purchases with no monthly account fee. Aven provides the technology and financial infrastructure for the products as part of Forest River Financial Services, a new Forest River subsidiary, and says it can provide a pre-qualification offer in as little as three minutes and enable qualified customers to access a HELOC in as little as three days. The three cards are being introduced at Forest River Expo today in Elkhart, Indiana, where Forest River dealers can begin enrollment this week, and are available through participating Forest River RV and marine dealerships in the United States.

Impact on assets 2

Energy Transition & Power Demand▲ · 1 stocks
Berkshire Hathaway Inc
BRK-B
▲ PositiveDemandrelevance

Berkshire subsidiary Forest River launches co-branded HELOC and credit cards to drive customer purchases at its dealerships.

Financials▲ · 1 stocks

Off-coverage companies 2

AvenPrivate▲ Positive
Demandrelevance

Aven provides the technology and financial infrastructure for Forest River's new co-branded HELOC and card products.

Forest RiverPrivate▲ Positive
Demandrelevance

Forest River introduces co-branded financial products offering cash back at its dealerships to boost RV and marine sales.

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