Tag Archives for capital one.
At the beginning of the year, Capital One launched their premium hotel collection with extra benefits for Venture X cardmembers. Now they’re extending this to a new type of hotel and crucially these are available to Venture X, Venture X Business, Venture, and Spark Miles cardmembers.
A lawsuit to terminate the deal doesn’t mean that it will be terminated. The two parties can settle the suit, presumably with Capital One paying more to continue the relationship. On the other hand, a lawsuit to terminate hangs over the partnership in the meantime making it more difficult to maximize the value of the deal. Investments in the partnership remain in limbo in the meantime, which is bad for both sides.
Capital One transfers to Virgin miles will receive a 30% bonus during the month of March. This applies to transfers for Venture X, Venture, VentureOne, Venture X Business and Spark Miles cardholders.
U.S. Virgin Clubhouses won’t be closed for long. They’re downgrading service providers to Sodexo. Eligible Capital One cardmembers still retain access.
Sometimes the easiest route to serving alcohol in an airport club is just to… change the law. That’s what’s happening in Virginia. And it’s going to get you served in new Capital One spaces at Washington Dulles and National airports, and at the Chase ‘The Club’ collaboration at Dulles.
Virginia’s legislature has passed an ’emergency’ law (i.e., goes into effect right away rather than waiting until July 1), to extend “mixed-beverage carrier licenses to financial institutions, their subsidiaries or contractors.”
Capital One’s position that TSA PreCheck or Global Entry statement credits need to be included in 1099 reporting, when you’ve received enough other benefits from them to trigger a 1099 ($600+ in a year), is unique in the industry as far as I am aware.
There were reports this week that Virgin Clubhouses were cutting Plaza Premium lounge access, it was natural to expect this would affect both American Express and Capital One customers. However Capital One confirms their cardmembers will still have access.
Capital One has launched its own Premium Hotel Collection for Venture X cardmembers. This is a value add for cardmembers. It addresses an area where competitors have had an offering, while Capital One has quickly ramped up in the space. Whether the specific benefits are best for you compared to other offerings is something you’ll need to consider in each case.
Capital One is eliminating non-lounge airport facilities from Venture X Priority Pass cards effective January 1, 2023. This follows a similar move by American Express in summer 2019.
As a result, Capital One Priority Pass cardholders will not longer be able to swipe their cards for $28 credits at participating restaurants. Chase, by contrast, will still cover restaurant swipes for their Sapphire Reserve cardmembers.
In order to be an attractive co-brand partner you need a large base of customers who are loyal to your brand. And ideally you have a currency and benefits those customers are willing to accelerate with their spend. There’s just not a huge opportunity on day one.
So Avelo has an interesting workaround. They’re not yet in a place to generate that sweet, sweet co-brand cash. But they can earn a commission on credit card signups.
Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel -- a topic he has covered since 2002.
Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »
