Better Home Equity Card Powered by Stripe Enables Easy Access to HELOC Funds and Introduces a Modern Access Layer Across the $21.4 Trillion Home Equity Market
Powered by Stripe, the Better Home Equity Card is designed to close the gap between financing and deployment for home equity as unsecured borrowing climbs nationwide.
Better Home & Finance Company (NASDAQ:BETR) today announced the Better Home Equity Card, built on Stripe's financial infrastructure at Stripe Sessions 2026, the global internet economy conference. The new card provides homeowners with prepaid debit access to funds drawn from a secured Better HELOC, connecting financing, spending, and record keeping in a single integrated system. The card is designed to help eliminate the friction that has traditionally pushed homeowners towards high-cost unsecured debt.
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US homeowners collectively hold $21.4 trillion in tappable home equity, with more than 85 million consumers sitting on a median of $276,000 in available capital. Yet non-mortgage debt has climbed to $857 billion, with the average homeowner carrying $8,900 in debt and roughly 24 million homeowners carrying more than $10,000 in non-mortgage debt. Rather than treating home equity like generic cash, Better is rebuilding the interface between home equity borrowing and deployment to modernize how homeowners access capital they already own, while enabling greater visibility into spending behavior to inform future underwriting.
"Homeowners are sitting on $21.4 trillion in equity and reaching for a credit card to pay for a kitchen renovation or backyard upgrade because the tools to access their equity haven't evolved," said Vishal Garg, CEO and Founder of Better. "Banks have known for years that homeowners were overpaying for credit cards when they had equity sitting right there. We've built the Better Home Equity Card to repair it."
Unlike a traditional credit card, which draws from an unsecured revolving balance, the Better Home Equity Card is a prepaid debit card that allows homeowners to easily access disbursements from their secured Better HELOCs. Approved funds are placed into a dedicated financial account and accessible immediately; no waiting for disbursements, no managing multiple payment methods. Cardholders can also earn 1% cashback on eligible purchases, introducing a rewards feature to home equity spending that traditional HELOCs typically lack. Stripe's financial infrastructure powers card issuing, account management, and compliance in one seamless system.
The Better Home Equity Card is the next step in Better's broader strategy to build a fully integrated, AI-native home finance platform, connecting origination, funding, spending, and planning in one system powered by Tinman®. All approved Better HELOC customers will be offered the Better Home Equity card as a disbursement method beginning in Summer 2026.
About Better Home & Finance Holding Company
Better Home & Finance Holding Company (NASDAQ:BETR) is the first AI-native mortgage and home equity finance platform, and first fintech to fund more than $110 billion in loan volume. Better has leveraged its industry-leading AI platform, Tinman®, to achieve its singular mission of making homeownership cheaper, faster, and easier for all Americans. Tinman® allows customers to see their rate options in seconds, get pre-approved in minutes, lock in rates, and close their loan in as little as three weeks. In addition, Betsy™, the first AI loan agent built exclusively for the mortgage industry, revolutionizes the homebuying journey by answering questions, delivering approvals, comparing products, processing rate locks, and moving their loan application along to closing 24/7/365. Better's mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage and home equity loans. Better serves customers in all 50 US states and the United Kingdom.
For more information, follow @tinmanAI on X and @betterdotcom on Instagram and TikTok.
Better Home Prepaid Debit Cards are issued by Cross River Bank, Member FDIC and Equal Housing Lender.
Better Mortgage Corporation partners with Stripe Payments Company for money transmission services and account services with funds held at Fifth Third Bank N.A., Member FDIC and Equal Housing Lender.
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Email: comms@better.com