topic Re: Capital One Adds Transfer Partners for Miles in Credit Cards

Capital One Adds Transfer Partners for Miles

simplynoir — Tue, 13 Nov 2018 17:31:21 GMT

As subject title reads courtesy of DoC. Starting December 1st can transfer to 12 loyalty programs and with the 2:1.5 effectively makes it a 1.5X earner for following airlines with more to follow.

Aeromexico
Aeroplan (Air Canada)
Alitalia
Avianca
Cathay Pacific
Etihad Airways
EVA Air, Finnair
Flying Blue (Air France and KLM)
Hainan Airlines
Qantas
Qatar Airways

https://www.doctorofcredit.com/capital-one-miles-to-be-transferrable-to-12-loyalty-programs-21-5-rate/

Re: Capital One Adds Transfer Partners for Miles

Anonymous — Tue, 13 Nov 2018 17:33:45 GMT

It's nice to see another competitor in the game. 12 airline partners and 1.5 miles per dollar is not a bad start.

Re: Capital One Adds Transfer Partners for Miles

blindambition — Tue, 13 Nov 2018 17:41:21 GMT

It will be interesting to see what else is added. The 1.5 makes Venture a more competitive card for some.

Re: Capital One Adds Transfer Partners for Miles

Anonymous — Tue, 13 Nov 2018 17:51:27 GMT

Capital one really trying to make me reconsider Pcing this card in June lol.

This card literally has like the same transfer partners as the Citi Premier now.

Re: Capital One Adds Transfer Partners for Miles

Anonymous — Tue, 13 Nov 2018 18:50:09 GMT

I guess this means that I can no longer use the mantra "Venture is not a travel card, just a 2% cash back card with an AF and restricted redemptions". It is now a real travel card....

Re: Capital One Adds Transfer Partners for Miles

Anonymous — Tue, 13 Nov 2018 19:50:04 GMT

@Anonymous wrote:
I guess this means that I can no longer use the mantra "Venture is not a travel card, just a 2% cash back card with an AF and restricted redemptions". It is now a real travel card....

And has a 75000 bonus miles now for extra churning. I'm tempted.

Re: Capital One Adds Transfer Partners for Miles

imaximous — Tue, 13 Nov 2018 19:53:20 GMT

This is pretty exciting news. I've always wished for Capital One to become more competitive in the travel market and it looks like they're moving in the right direction. I'd still love to see a premium card from them -- another Venture level with a higher fee and premium features. I'm definitely one of those rare Cap One fanboys

Now, I'm crossing my fingers so BofA follows suit with their Premium Rewards card.

Re: Capital One Adds Transfer Partners for Miles

simplynoir — Tue, 13 Nov 2018 19:55:11 GMT

I only wish they announced this sooner it would have given me incentive to keep the card at least another year considering I just closed mine last month.

Re: Capital One Adds Transfer Partners for Miles

Anonymous — Tue, 13 Nov 2018 20:11:03 GMT

Hey!

Hey, that’s awesome! Thanks for sharing!

Re: Capital One Adds Transfer Partners for Miles

imaximous — Tue, 13 Nov 2018 20:31:46 GMT

@simplynoir wrote:
I only wish they announced this sooner it would have given me incentive to keep the card at least another year considering I just closed mine last month.

I had the Venture when the AF was $49 or $59, I think. Instead of closing it, I decided to PC to Savor since there was no AF. Luckily, it got grandfathered to 4% with no AF. And, I still have little use for it with CSR, Altitude Reserve (using mobile pay), or even the Uber card.

I won't PC back to Venture even with the update -- not there yet for me, but I keep hoping it'll continue to get better, and at some point, it'll be worth applying for it again or PC.

I believe there are people with grandfathered Venture cards from the no fee days. Now, that's a deal they're getting!

Re: Capital One Adds Transfer Partners for Miles

simplynoir — Tue, 13 Nov 2018 20:36:22 GMT

@imaximous wrote:
@simplynoir wrote:
I only wish they announced this sooner it would have given me incentive to keep the card at least another year considering I just closed mine last month.
I had the Venture when the AF was $49 or $59, I think. Instead of closing it, I decided to PC to Savor since there was no AF. Luckily, it got grandfathered to 4% with no AF. And, I still have little use for it with CSR, Altitude Reserve (using mobile pay), or even the Uber card.
I won't PC back to Venture even with the update -- not there yet for me, but I keep hoping it'll continue to get better, and at some point, it'll be worth applying for it again or PC.
I believe there are people with grandfathered Venture cards from the no fee days. Now, that's a deal they're getting!

I applied for the card last year right when the AF for the Venture went up. I really only obtained the card for the SUB so once the first AF came up last month it was a no brainer to close it since I had no use for it and didn't want to transfer the limit to one of my QS cards just for them to CLD from non-use of a large limit. Figure now if the becomes useful again I'll just have the GF get the card especially with the increased SUB atm.

Re: Capital One Adds Transfer Partners for Miles

Malcono — Tue, 13 Nov 2018 20:46:05 GMT

Wow the Venture is actually useful now.

Re: Capital One Adds Transfer Partners for Miles

imaximous — Tue, 13 Nov 2018 20:47:28 GMT

@simplynoir wrote:
@imaximous wrote:
@simplynoir wrote:
I only wish they announced this sooner it would have given me incentive to keep the card at least another year considering I just closed mine last month.
I had the Venture when the AF was $49 or $59, I think. Instead of closing it, I decided to PC to Savor since there was no AF. Luckily, it got grandfathered to 4% with no AF. And, I still have little use for it with CSR, Altitude Reserve (using mobile pay), or even the Uber card.
I won't PC back to Venture even with the update -- not there yet for me, but I keep hoping it'll continue to get better, and at some point, it'll be worth applying for it again or PC.
I believe there are people with grandfathered Venture cards from the no fee days. Now, that's a deal they're getting!
I applied for the card last year right when the AF for the Venture went up. I really only obtained the card for the SUB so once the first AF came up last month it was a no brainer to close it since I had no use for it and didn't want to transfer the limit to one of my QS cards just for them to CLD from non-use of a large limit. Figure now if the becomes useful again I'll just have the GF get the card especially with the increased SUB atm.

Definitely, $750 is a pretty good deal to pass up. I'd probably re-apply instead of PC. My Savor is a waste of a $40K+ CL right now. I keep using it because I fear a CLD too, but it went from seeing a few $K a month in charges as Venture to a few bucks as Savor.

Re: Capital One Adds Transfer Partners for Miles

simplynoir — Tue, 13 Nov 2018 21:06:32 GMT

@imaximous wrote:
Definitely, $750 is a pretty good deal to pass up. I'd probably re-apply instead of PC. My Savor is a waste of a $40K+ CL right now. I keep using it because I fear a CLD too, but it went from seeing a few $K a month in charges as Venture to a few bucks as Savor.

What's the rule for re-applying to be eligible for the SUB again? I think it's 24 months but not sure.

Re: Capital One Adds Transfer Partners for Miles

Anonymous — Tue, 13 Nov 2018 21:11:55 GMT

Does this mean every mile is worth 1.5 cents if transferred to a partner?

Re: Capital One Adds Transfer Partners for Miles

CreditCuriosity — Tue, 13 Nov 2018 21:14:12 GMT

@simplynoir wrote:
@imaximous wrote:
Definitely, $750 is a pretty good deal to pass up. I'd probably re-apply instead of PC. My Savor is a waste of a $40K+ CL right now. I keep using it because I fear a CLD too, but it went from seeing a few $K a month in charges as Venture to a few bucks as Savor.
What's the rule for re-applying to be eligible for the SUB again? I think it's 24 months but not sure.

No re-applying restrictions for subs as most i have seen they have honored less than 24 months, but the problem is getting approved with Cap1 anymore.. If you have good credit and alot of credit and more-so over 6 or so new accounts in the last year you most likely will be denied.. They are harder to get than Chase these days practically or they are.. They aren't score driven either they will approve someone with a 660 score say with only a few cards and limited credit for say 20k, but turn down a person with a 800+ score with loads of credit.. Cap1 crushes more churners dreams as of the last yearish time frame.

DOC, Reddit are littered with people denied in the high 800's, high income, etc..The very few odd post of an actual approval. They have certainly changed from what they were a few years back

Re: Capital One Adds Transfer Partners for Miles

simplynoir — Tue, 13 Nov 2018 21:14:14 GMT

@Anonymous wrote:
Does this mean every mile is worth 1.5 cents if transferred to a partner?

Yes.

Re: Capital One Adds Transfer Partners for Miles

simplynoir — Tue, 13 Nov 2018 21:17:04 GMT

@CreditCuriosity wrote:
@simplynoir wrote:
@imaximous wrote:
Definitely, $750 is a pretty good deal to pass up. I'd probably re-apply instead of PC. My Savor is a waste of a $40K+ CL right now. I keep using it because I fear a CLD too, but it went from seeing a few $K a month in charges as Venture to a few bucks as Savor.
What's the rule for re-applying to be eligible for the SUB again? I think it's 24 months but not sure.
No re-applying restrictions for subs as most i have seen they have honored less than 24 months, but the problem is getting approved with Cap1 anymore.. If you have good credit and alot of credit and more-so over 6 or so new accounts in the last year you most likely will be denied.. They are harder to get than Chase these days practically or they are.. They aren't score driven either they will approve someone with a 660 score say with only a few cards and limited credit for say 20k, but turn down a person with a 800+ score with loads of credit.. Cap1 crushes more churners dreams as of the last yearish time frame.

DOC, Reddit are littered with people denied in the high 800's, high income, etc..The very few odd post of an actual approval. They have certainly changed from what they were a few years back

Yeah, I've seen and understood that. My two sisters were easily approved when they got the Savor a few months ago but they don't have churning profiles which made the automatic approval easier for them. I wouldn't mind trying if it meant getting that SUB but no need when I have someone with a better profile than mine to get the card. Just didn't know CapOne's specific SUB rules.

Re: Capital One Adds Transfer Partners for Miles

imaximous — Tue, 13 Nov 2018 21:21:05 GMT

@simplynoir wrote:
@imaximous wrote:
Definitely, $750 is a pretty good deal to pass up. I'd probably re-apply instead of PC. My Savor is a waste of a $40K+ CL right now. I keep using it because I fear a CLD too, but it went from seeing a few $K a month in charges as Venture to a few bucks as Savor.
What's the rule for re-applying to be eligible for the SUB again? I think it's 24 months but not sure.

I don't think Cap One has a sub rule, but that may have changed lately after seeing so many people getting denied for cards as well.

I do know that you can only hold 2 Cap One cards max, and only 1 card approval every 6 months.

ETA: LOL... everyone must've been typing at once. I thought this response was coming right after your question, haha.

Re: Capital One Adds Transfer Partners for Miles

simplynoir — Tue, 13 Nov 2018 21:20:10 GMT

@imaximous wrote:
@simplynoir wrote:
@imaximous wrote:
Definitely, $750 is a pretty good deal to pass up. I'd probably re-apply instead of PC. My Savor is a waste of a $40K+ CL right now. I keep using it because I fear a CLD too, but it went from seeing a few $K a month in charges as Venture to a few bucks as Savor.
What's the rule for re-applying to be eligible for the SUB again? I think it's 24 months but not sure.
I don't think Cap One has a sub rule, but that may have changed lately after seeing so many people getting denied for cards as well.
I do know that you can only hold 2 Cap One cards max, and only 1 card approval every 6 months.

Nah, that's either a soft or YMMV rule there. I had the Venture and two QS cards at one point so they definitely allow more than 2 prime cards. They do limit customers to 2 sub-prime cards though last time I saw.