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Hey Credit Warriors, welcome to the show and we have some exciting news about Capital One, so kick off the dog and pony show, Oh there is actually a dog and pony show. Well anyway Capital One is bringing in 4 new loyalty programs for points transfer, some partners will transfer at 1:1 and they are opening two airport lounges. Ok I understand the dog and pony show now. So first we will go through the new transfer partners and then we will look at the airport lounges and we do have pictures of what they will look like so stick around for that.
So Capital One is adding 4 new transfer partners: British Airways, Choice Hotels , TAP Air Portugal and Turkish Airlines. The airlines are live for transfer now and Choice Hotels will be coming later this year.
Now in addition to this, there will now be some loyalty programs where miles transfer out at 1:1. So if you don’t know most Capital One transfer partners, transfer out at 2:1.5. So the Venture card for example which earns 2x on everything, really is only earning 1.5x if you transfer to airlines. But new there is what Capital One is calling a new 1:1 transfer tier. These loyalty programs are:
Avianca (LifeMiles), Etihad (Etihad Guest), Asia Miles, AeroMexico (Club Premier), Finnair (Finnair Plus), Qantas (Qantas Frequent Flyer) and Wyndham Rewards.
So this really increases the value of point earning on the Capital One Venture and Capital One Spark Miles cards. And if you have one of those cards you can open up your account and you will find you can transfer in all the ways we just talked about.
Now before we talk about airport lounges, if you want to keep track of how many miles you are earning across multiple cards all in one place. I recommend the app MaxRewards, I can have my balances, utilization and even points balances in one place. You can also change the values of points depending on how you use them. So if you plan to use them in a 1:1 transfer partner, the points will obviously be worth more to you. Then the app will tell you which cards in your wallet to use at different merchants to get the best rewards rate. The gold version also activates Amex and Chase offers for you so you never miss a deal. You can get one month free of that with my link below.
Alright so there are two Capital One Airport lounges coming. One will open at Dallas Fort Worth this summer and the other, at Dulles International Airport in DC will open in 2022. Capital One describes these lounges as an oasis of calm where you can work, work out, recharge and a whole lot more. Yeah I’m sure Amex says that about the Centurion lounge and then they have to roll back access because of crowding. So we will see.
But anyway, here is a list of all the amenities and then I’ll show you some photos. The lounges will feature:
High Speed Wifi
Grab and Go food
Dining Stations
Fully Stocked Bars
Coffee Bars
Quiet Work Zones
Relaxation Rooms
Luggage Lockers
Cycling and Yoga Rooms
Shower Suites
Parenting Rooms
Multi-Faith Room
Alright here is a rendering of the entrance to one of the lounges. Pretty cool looking, here is another one of a sofa area with two people talking, questionable art on the wall. Then we have another one with some kids sitting at a table and this what looks like a dining area with a bar in the background.
No with these it is really hard to tell what the quality of the decoration will be like, since they have chosen this style of water color painting or something. I would be interested to see some actual 3D renderings.
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26 comments
Capital one stratos card
Or
Capital one stratosphere
card for all of the flying perks and rewards for unlimited airport lounges.
0:40 Does this mean that the Barclays Choice Privileges card is gonna get nerfed later this year? Because I was thinking about applying for that card soon.
good stuff shifu!
Capital One Caesar Card (They'll copy Amex or Chase in branding)
I got a questionnaire for my Spark Cash card about 4-6 weeks ago, asking if I would consider the option for some rewards to miles. I marked that I liked the idea, but hesitant over the transfer rates. We stay at Wyndham resorts often, so definitely something to keep an eye on.
Likely "Venture X" as speculated by a different YouTube credit card guy. Just "Ask" him 😉
Capital one IM RICH BEEYOTCH card
“Magnified Money” on YouTube!!! Have you watched him Credit Shifu???
Interesting stuff in the credit card world finally!!! 😂
Dulles is my hub and doesn’t have a Centurion Lounge because of United being the major carrier at the Airport. The United Lounges are nice but I only get access twice per year with my Explorer Card. It will be interesting to see how Chase will respond.
I have a QuickSilver card but don’t use it much because I’m in the Chase/Amex/Citi ecosystems. It would be interesting to see if the QuickSilver cash rewards would turn into points.
Capital One Vibranium 😂
Capital One has a long way to go if they want to shake off their "sub-prime lender" reputation, and (lounges or not) I have no intention of getting any card from them as long as they continue their "hard inquiry on all three agencies" and "targeting people who revolve balances and generate fees" methods of underwriting.
I wonder what would be the rules for quicksilver one and venture1 cardholders?
Capital One Palladium. Too much like the Chase Palladium before the conversion to Chase Sapphire Reserve.
I wonder if they would allow for a product change.
Can families
Combine points like on chase?
I hope they accept priority pass
The Capital One Venture Vibratium card.
“If you’re about to go to sheep” 3:47 😂
Hi sir, i am in bangladesh. I have amex gold credit card. Can i use amex lounge?
Capital One Venture Reserve?
I can combine (convert) my cashback from my Quicksilver (1.5%) to my VentureOne (1.25x) at a 1:1 ratio so effectively i'm getting 1.7c (Points Guy valuation)x 1.5% =2.55% value on my Quicksilver spend. Whats great is that these used to be sockdrawer Platinum cards that I was able to PC to Quicksilver and VentureOne with one phone call and no hard pull! Also, when you use the travel portal the VenturOne earns 5x on Hotels and Cars! I'll use card to buy the tickets, get 5x but transfer the points to the travel partners where the valuation is 1.7c or sometimes much higher.
Will
If they put a lounge at O'Hare, they can call it the CapOne Lounge.
With all the things being promised for these lounges, a premium card is absolutely coming.
Is it true that one can only have two CP1 credit cards? If so, is it worth it to cancel the low limit 3 yr old qs1 to apply for the Venture X? I really want it and the Savor. I currently have a low limit QS1 and a Venture1…
He read the future niceeee