THIS Capital One Card Just Moved to Discover + New Chase Points Option

In this video, I want to talk about three things. We have a new benefit with Chase, where when you book certain hotels with your Chase points through the travel portal, you will get 2.5 cents per point in value. We have a city transfer bonus to tell you about. And lastly, it has been confirmed that Capital One's Quicksilver card is moving to the Discover network, but they've added some new points earning categories to sweeten the deal. Hey, Credit Warriors, welcome to the show. My name is Ben Hedges, aka The Credit Shofu, and on this channel, I cover U.S. credit cards, personal finance, and luxury travel. If you like the sound of that, do subscribe, but let's get into it. Oh, and this video is sponsored by Silo Markets, the easiest way to earn millions of points, but more on that later. So let's talk about our lead story of the day, Chase points now being worth 2.5 cents per point at certain hotels. Chase has an article on its website called 26 trips to take in 2026. These are international destinations and some U.S. ones, and they are all beautiful, but you couldn't possibly do 26 trips this year. You'd end up bankrupt. But anyway, a selection of hotels at some of these destinations, which are all in the edit hotel program that Sapphire Reserve and Sapphire Reserve business card holders have access to are currently offering 2.5 cents per point when you book them with Chase points. Here's the full list. I won't read them all because there's just too many, but the highlights include the Four Seasons hotels in Japan and in New Mexico, USA. You have Grand Hyatt, Deer Valley, great for skiing, Ritz Carlton in Portland, and a load of others. You can pause the video to take a look. Now, these hotels are expensive to begin with, so you will need a lot of points, and it's only for Sapphire Reserve and Sapphire Reserve business card holders that have access to this. But it does represent the highest value for Chase points through the travel portal that we've ever seen. If you've been thinking of booking a trip and one of these hotels works for you, then it could be a really great opportunity to make your points go further. And don't forget with the edit, you get similar benefits to the Amex fine hotels and resorts collection, which include daily breakfast for two for free, a hundred dollar property credit, which will include dining, spa, and other activities at the property, room upgraded check-in if available, early check-in, late check-out if available, and Wi-Fi. I think you always get Wi-Fi at a hotel, but whatever. Now, in my opinion, this still doesn't beat the 1.5 cents per point that we used to have across the board on the Sapphire Reserve, and it's one of the reasons that I don't have this card anymore. But whatever, Chase updated the card in a way that they thought met demand, and you know, hopefully people are getting value out of it. Leave a comment below and let me know what you think about points boost. Is it better than the previous 1.5 cents per point across the board? All right, let's move on to our next story. But first, over the past year, you've probably heard me talking about Silo, the brokerage that gives you credit card style points on your stocks and bonds. It's basically what Bilt did for rent, but for investing portfolios. Here is the big update though. They are getting ready to roll out transfer partners for Silo points. Not confirmed, but they're currently looking at Accor, Wyndham, Air Canada, Avianca, Air France, KLM, Virgin Atlantic, Spirit, Frontier, Turkish, Emirates, and Cathay Pacific. Up until now, Silo has paid one point for each dollar you have in your account each year. So if your portfolio is $50,000, you get 50,000 points per year, regardless of whether the money is in cash or invested in stocks. Now, this was the early adopter award, but going forward, that rate will be 0.5 points per dollar in your account each year, which still beats any other brokerage, but they are doing one last referred user bonus. So if you sign up using my link below before the end of April, you can lock in that original 1x rate on the entire first year. Plus, you get a 150,000 point new member bonus where you get one point for every dollar you bring over to Silo up to 150,000 points. That 1x rate is limited to 500,000 points per year, so that earning rate plus the bonus equals 650,000 points if you max it out, and that could equal like three round-trip business class flights to Europe. Now, it's all very well earning points, but are your investments safe? Well, Silo is in partnership with IBKR, which is where all assets are custodied. This provides 5 million in FDIC insurance and $500,000 in SIPC coverage. So if you want to lock in that 1x rate for a full year before it transitions to 0.5 and lock in that sign up bonus, use my link silomarkets.com slash Ben to get started before the end of April. All right, so let's talk about a transfer bonus that Citi is currently offering, and that would be to Leaders Club, which is the loyalty program of leading hotels of the world, which is a collection of luxury and boutique hotels. They have a global network of 400 hotels in over 80 picturesque locations. Now, Citi is currently offering a 25% bonus when you transfer your points over to Leaders Club. So instead of the normal 200 Leaders Club points you get for transferring over 1,000 Citi points, you now get 250, and that is on the Citi Strada Elite, Citi Strada Premier, Prestige, and AT&T cards. If you have one of their cashback style cards like the custom cash or the double cash, you still get a bonus, but originally you only got 140 points per thousand, so now you get 175 with the bonus. Leaders Club points are valuable though, so don't worry that you don't get one to one, all right? Often they can be valued between six and nine cents per point. Leading Hotels of the World is Citi's newest transfer partner and was added last year. Browsing their website will leave you craving luxury travel. So if you've been thinking about a Citi points redemption through Leaders Club, well, this is probably a great time to do it. And this bonus runs until May 16th, so you've got just under a month to do it. All right, let's talk about our last story of the day, the Capital One Quicksilver moving to the Discover Network. Okay, so we've talked about Capital One moving its cards over to the Discover Network. They first did this with their debit cards, then people discovered, pun intended, that they had PDF benefits guides for the Quicksilver, the Saver, and the Venture on the Discover Network on their website. So we knew that this was likely happening on those three cards and it looks like the first one is the Quicksilver. Emails went out this morning to cardholders stating that they would receive a new physical card with a new 16-digit card number and that it would be on the Discover Network. Little shout out to Reddit user sonofdarwin whose screenshot I'm using. So moving to the Discover Network, that is the part that most people seem to be looking at as bad news since Discover has lower acceptance overseas than Mastercard, which is what the card used to be. But there is some good news in there too. Check this out from the email. Introducing unlimited 3% cashback at grocery stores and gas stations plus the existing 1.5% on all other spending stays the same. In my view, that's actually a pretty good upgrade. Unlimited 3% at grocery stores on a no annual fee card is great. Compare that with the that also offers 3% on grocery stores with no annual fee, but it is limited to $6,000 a year in spending. So in my opinion, this is actually a pretty good deal. Capital One has done this because they bought Discover, which like American Express, is both a network and a credit card issuer. They've kept the Discover cards going, but they are also moving some of the Capital One cards over to Discover, which means that Capital One will make more money since they own the network and issue the card. And it looks like they're passing on some of that extra revenue to consumers through richer rewards. Yes, there will be lower acceptance overseas, but this is just one of your credit cards in your wallet, right? If you have a few cards, chances are you will have a card from Capital One or another bank that is a Visa or Mastercard that would be suitable for use overseas. If you are serious about travel, you could even get Capital One's own premium travel card, the Venture X. It gives you access to the Capital One lounge, priority pass lounges at a very reasonable price, and it is a Visa, and I seriously doubt that they will move that one to the Discover network. I think we can expect to see the Saver and Venture moving over to Discover soon though, and judging by the Quicksilver, those two cards will probably be adding extra benefits as well. So we'll keep an eye out for that. Alright guys, that is the video for today. Don't forget, if you want to start earning more points than you know what to do with, check out Silo Markets and their limited 150,000 bonus while it still lasts. Link for that is below. Please subscribe to the channel if you're new. We'll see you next time. Bye bye.