New SECRET TRICK on Capital One Cards for Huge Value – The Credit Shifu

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Hey Credit Warriors, welcome to the show, in this video I am going to talk you about an exciting little trick for Capital One that seems to make their cards finally competitive with the likes of American Express, Chase and Citi.

So people on several forums have been talking about the fact that capital one cash back rewards from the quicksilver, savor and spark cash cards seem to be transferable to the Venture and Venture One cards where each cent of cash back becomes 1 capital one mile. As you know from there capital one then has a range of transfer partners you can transfer out too or you can use the miles for travel through capital one’s own system. So this hugely increases the value of the capital one system because you can create a capital one pair or trifecta that can earn miles with high bonus multipliers.

The funny thing is, this doesn’t appear to be new, it is just that capital one doesn’t seem to have ever publicized it, and blogs like frequent miler and the points guys are thus just starting to talk about it now. Check out this post from my FICO forum in 2018:

I’m probably late but did anyone else realize that you can move your Savor rewards (cash) to you Venture rewards (miles). This effectively means you can earn 4 miles per dollar on the Venture on restaurants and entertainment, if you hold the Savor as well. This is a pretty neat feature if you ask me. It becomes even better if you have the grandfathered Savor and/or Venture with grandfather 59$ fee.

So this has existed since at least 2018 and no one has been talking about and we have all been bashing Capital One like they are the second tier credit card provider behind Chase and Amex etc…

Look here is another conversation about this on Reddit:

But anyway what that person on My Fico was talking about in that comment is using the savor card to earn 4% back on dining and then transferring that cash back to the Venture card where it then becomes points, just like transferring Chase Freedom cash back to a sapphire card with chase, same exact concept. Here is how you do it.

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Here is a screen shot from Frequent Miler where they show you what it looks like if you do have both of the cards needed, a cashback card to transfer from and a venture card. You can see the spark cash is listed as not eligible, since it is already a cash back card and it seems you can’t transfer from one cash back card to another.

So I encourage you guys with capital one cards to open up your account and see if you can indeed transfer from savor or quicksilver to Venture. I reached out to my contact at capital one for some clarification on this, and I have not heard anything back. Other blogs also said they reached out to capital one and have heard nothing. So maybe capital one wants to keep this like a secret that only pro credit card users know about? Whatever the case it does make the system more competitive with the likes of the Amex Gold, or Chase trifecta.

Just remember Capital One has a rule of one credit card application per six months, so if you have opened any card from any bank in the last six months you would be instantly denied for a capital one card, no hard pull though, just automatically denied. Capital One also pulls all three credit bureaus, so just remember those two points if you suddenly think “I’m going to set myself up with a capital one system” If you’re starting from nothing it will take 6 months and a load of hard pulls. But if you already have one capital one card such as the venture, it may be worth adding the savor to get that 4x on dining and entertainment. If you have the venture, like we saw earlier it isn’t worth adding the quicksilver!

Alright guys there is the video, please let me know if you have tried this in the comments below and did it work for you. Please subscribe if you are new and we will see you next time. Bye.

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