My dream Cap 1 card - designed to be a CSR "light" - $250 Annual Fee - 10,000 C1 points for "free" each year upon renewal (let's call it a $100 value for a "net" AF of $150) - 3x on All travel and dining, 2x on everything else - All current X-fer partners - "Good enough" travel / insurance protections (can debate the details later) - Travel eraser @ 1.25x instead of 1.0 - No FTF - Limited priority pass, let's say 8 visits per year, a la USBAR - Hertz P.C. Actually now that I think about it, this would be better as the new Wells Fargo card. :)
I think this was a very fair and valid evaluation of C1. This year was lackluster due to the merger and product shifts, but next year and 2026 I think will be a pivotal moment for new client acquisition and retention. Honestly even if they just put in place some consistency for product changes and new accounts it would be a game changer. There’s no reason someone with a strong credit profile should be afraid to apply for a VX. Add in 2 lounge openings and I think that’s a winning 2025. 2026 would then be the rollout of the C1 discover network cards.
The Venture X getting some things back really brought the score up. But I’m still “eh” on it. But I don’t utilize their partners. ‘24-‘26 will be an interesting transition. A new card or two could help a lot as well. I just didn’t see a lot happening, but needed another set of eyes.
@ agreed. In theory C1 for my use case should be far superior to Amex based on category limits and annual fees but to your point the partners are just not at all aligned to my desire to simplify redemptions. They’re super strong for international travel and domestically if you put in the leg work but I just simply have no desire to do that at this point. The ability to dump 100k or more points into Alaska is just too simple for me to change it. Even if C1 got something like jetblue I think it would change the calculus for a lot of people. I know we talk a lot about international trips in the community but the reality is 90% of people are just looking for domestic subsidized trips for a couple or family.
I can no longer call myself a Chase captive. After inheriting a Savor card from the Walmart debacle and receiving an invite for a Venture card, I did some research and decided to grab the Venture X. I needed a 2x catch-all and a good travel card with 10x hotel/rental car rewards, so I think the C1 duo will compliment my Ink Preferred and Chase-centric setup nicely. Thank you for the discussion.
It’s going to be interesting to see the moves Capital One makes next year especially with potential new cards possibly coming! A lot of rumors surrounding the names Arrive and Velocity especially since Capital One bought Velocity Black!
We’ll see what they do with the Arrive and Velocity. I don’t think new cards will be announced until we KNOW what’s happening with Discover. But yeah, could be an exciting year for them…possibly…who knows
We’ll see what they do with the Arrive and Velocity. I don’t think new cards will be announced until we KNOW what’s happening with Discover. But yeah, could be an exciting year for them…possibly…who knows
It would be nice FINALLY have a bank/issuer on par with Amex and Chase. And cap1 needs to provide some kind of transparency on their card approvals/min standards. In not gonna hold my breath for either asks when it comes to cap1. Anyways. just keep side eyeing my VX for cancelation.
I really like my VX and it doesn’t make sense to close the card considering the credit and anniversary reward unless obviously you just can’t afford it, but I’m moving more towards hotel cards now as my main cards as they have more categories that align with my spending while also chasing signup bonuses when they arise. The savor has grocery and dining which is good but I shop at Sam’s and Walmart for my groceries so a bulk of my spending per month doesn’t count for the card. So I’m using my VX for a majority of my spending until I get some other cards. I’m signup bonuses hunting rn so until I slow down and I guess optimize my cards my VX works for now.
That makes total sense. The VX is fine. It’s really great value. It works as a solid catch-all. I just prefer the cash out option and that’s the only thing I can’t do with it. Which sucks.
@@MattClausenThe inability to cash out at 1 cent per point on the VX is why Citi Double Cash, Wells Fargo Active Cash, and Amex BBP (when paired with Schwab, Morgan Stanley, or Biz Plat plus Biz Checking) are more appealing for everyday catch-all spending. At least 2x or 2% back and you can get at least 1 cpp whether redeeming for cash or transfer partners (of course, you’d need Strata Premier or Autograph to transfer in their respective ecosystems). For C1, I’d say the Savor is the workhorse since you can still cash out at 1 cpp and earn a lot back on the categories you likely spend the most on.
Most of it is bouyed by preventing losses to the Venture X. Losing Uber hurt; but I don’t know how many people are upset as a pure Uber play or for the Stack with the AmEx Gold…
Apart from The venture x & maybe savior captial one hasn't moved this year far with their cards (losing uber) But The venture x holding on to hertz was pretty massive & unexpected, also i agree matt If u aren't flying world wide cap1 travel partners won't make a ton of sense but if you are they are some of the best in the entire game i really love their travel partners... I rate captial one this year a B+ mostly on the back of venture x, kept authorized users & hertz presidential circle.
I downgraded Savor to Savor One in the spring, and just recently downgraded Venture X to Quicksilver. And guess what I got in the mail yesterday? A Quicksilver card with the old silver design! With Capital One, you literally just really never know.
Capital One this year i would rate a F + They de Valued the Venture rewards card and give a pathetic plastic card to the people that upgraded and spend lots of money with Capital One and rewards and reward them with a piece of crappy card......They de valued the favor one and took the uber credit away ........ and then keeping a quicksilver at 1.5 is pathetic
The Venture Deval is fair, though given how “easy” the Venture X Coupon is, why do folks keep the Venture? The Uber loss is a pain, fair. Until the Freedom Unlimited moves to 2x, I can give the Quicksilver a pass.
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Thanks for having me on for this collab Matt! C’mon, Capital One, let’s do this
Thank you for helping!
Thanks for the info + video!!!
Thank you Jimmy!
Just now getting around to watching this. Good interview!
Thank you!
I won second row, lower level, Taylor Swift tickets through my VX Card. It’s now a keeper card for me. And not a bad catchall
HUGE Net Annual Fee…
lol.
My dream Cap 1 card - designed to be a CSR "light"
- $250 Annual Fee
- 10,000 C1 points for "free" each year upon renewal (let's call it a $100 value for a "net" AF of $150)
- 3x on All travel and dining, 2x on everything else
- All current X-fer partners
- "Good enough" travel / insurance protections (can debate the details later)
- Travel eraser @ 1.25x instead of 1.0
- No FTF
- Limited priority pass, let's say 8 visits per year, a la USBAR
- Hertz P.C.
Actually now that I think about it, this would be better as the new Wells Fargo card. :)
Hahahah where do I sign for this with Wells?
I think this was a very fair and valid evaluation of C1. This year was lackluster due to the merger and product shifts, but next year and 2026 I think will be a pivotal moment for new client acquisition and retention. Honestly even if they just put in place some consistency for product changes and new accounts it would be a game changer.
There’s no reason someone with a strong credit profile should be afraid to apply for a VX. Add in 2 lounge openings and I think that’s a winning 2025. 2026 would then be the rollout of the C1 discover network cards.
The Venture X getting some things back really brought the score up. But I’m still “eh” on it. But I don’t utilize their partners. ‘24-‘26 will be an interesting transition. A new card or two could help a lot as well.
I just didn’t see a lot happening, but needed another set of eyes.
@ agreed. In theory C1 for my use case should be far superior to Amex based on category limits and annual fees but to your point the partners are just not at all aligned to my desire to simplify redemptions. They’re super strong for international travel and domestically if you put in the leg work but I just simply have no desire to do that at this point.
The ability to dump 100k or more points into Alaska is just too simple for me to change it. Even if C1 got something like jetblue I think it would change the calculus for a lot of people.
I know we talk a lot about international trips in the community but the reality is 90% of people are just looking for domestic subsidized trips for a couple or family.
I can no longer call myself a Chase captive. After inheriting a Savor card from the Walmart debacle and receiving an invite for a Venture card, I did some research and decided to grab the Venture X. I needed a 2x catch-all and a good travel card with 10x hotel/rental car rewards, so I think the C1 duo will compliment my Ink Preferred and Chase-centric setup nicely. Thank you for the discussion.
I know you wanted out of Chase. Good to see a route out for you!
It’s going to be interesting to see the moves Capital One makes next year especially with potential new cards possibly coming! A lot of rumors surrounding the names Arrive and Velocity especially since Capital One bought Velocity Black!
We’ll see what they do with the Arrive and Velocity. I don’t think new cards will be announced until we KNOW what’s happening with Discover. But yeah, could be an exciting year for them…possibly…who knows
We’ll see what they do with the Arrive and Velocity. I don’t think new cards will be announced until we KNOW what’s happening with Discover. But yeah, could be an exciting year for them…possibly…who knows
It would be nice FINALLY have a bank/issuer on par with Amex and Chase. And cap1 needs to provide some kind of transparency on their card approvals/min standards.
In not gonna hold my breath for either asks when it comes to cap1. Anyways. just keep side eyeing my VX for cancelation.
I really like my VX and it doesn’t make sense to close the card considering the credit and anniversary reward unless obviously you just can’t afford it, but I’m moving more towards hotel cards now as my main cards as they have more categories that align with my spending while also chasing signup bonuses when they arise. The savor has grocery and dining which is good but I shop at Sam’s and Walmart for my groceries so a bulk of my spending per month doesn’t count for the card. So I’m using my VX for a majority of my spending until I get some other cards. I’m signup bonuses hunting rn so until I slow down and I guess optimize my cards my VX works for now.
That makes total sense. The VX is fine. It’s really great value. It works as a solid catch-all. I just prefer the cash out option and that’s the only thing I can’t do with it. Which sucks.
@@MattClausenThe inability to cash out at 1 cent per point on the VX is why Citi Double Cash, Wells Fargo Active Cash, and Amex BBP (when paired with Schwab, Morgan Stanley, or Biz Plat plus Biz Checking) are more appealing for everyday catch-all spending. At least 2x or 2% back and you can get at least 1 cpp whether redeeming for cash or transfer partners (of course, you’d need Strata Premier or Autograph to transfer in their respective ecosystems). For C1, I’d say the Savor is the workhorse since you can still cash out at 1 cpp and earn a lot back on the categories you likely spend the most on.
B rating was quite generous. C1 hasn’t really done anything remarkable or notable to warrant a B grade.
Most of it is bouyed by preventing losses to the Venture X. Losing Uber hurt; but I don’t know how many people are upset as a pure Uber play or for the Stack with the AmEx Gold…
Apart from The venture x & maybe savior captial one hasn't moved this year far with their cards (losing uber) But The venture x holding on to hertz was pretty massive & unexpected, also i agree matt If u aren't flying world wide cap1 travel partners won't make a ton of sense but if you are they are some of the best in the entire game i really love their travel partners...
I rate captial one this year a B+ mostly on the back of venture x, kept authorized users & hertz presidential circle.
I can probably agree to B+ given they haven’t been able to do much while working the Discover deal. I just wish they had more multiplier cards.
I downgraded Savor to Savor One in the spring, and just recently downgraded Venture X to Quicksilver. And guess what I got in the mail yesterday? A Quicksilver card with the old silver design! With Capital One, you literally just really never know.
I requested a new Quicksilver for the new design when it “launched”….they sent me the silver one. They are ridiculous.
Yo
Thanks Kazi!
Gas, transit and online retail 3x.
Sounds familiar….could work
First
Thanks Keith!
Capital One this year i would rate a F +
They de Valued the Venture rewards card and give a pathetic plastic card to the people that upgraded and spend lots of money with Capital One and rewards and reward them with a piece of crappy card......They de valued the favor one and took the uber
credit away ........ and then keeping a quicksilver at 1.5 is pathetic
The Venture Deval is fair, though given how “easy” the Venture X Coupon is, why do folks keep the Venture?
The Uber loss is a pain, fair.
Until the Freedom Unlimited moves to 2x, I can give the Quicksilver a pass.