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When you combine, you get a warning stating that you are forefeiting your earned rewards, and you're prompted to spend them before consolidating.
The rewards transfer is still functioning. I just walked through transferring rewards between two of my accounts.
but if you transfer your venture to a quicksilver then you will lose your points as one is points and one is cash back...
You can still combine/transfer rewards, but you literally have just a couple of days...