With these travel restrictions in place, I’m not sure that this news really matters right this second, but Capital One has graced us with some negative news regarding its transfer partners moving forward.
Starting on May 13th, Capital One is going to terminate its transferability with both Qatar and Hainan. Both of these partners transferred at a 2:1.5 rate.
Seeing that we are in the middle of this travel lockdown, I’m not sure how much of an impact this will have on people, especially in the short term. However, the loss of options is always a bad thing in my opinion. Sure, neither of these were a 1:1 transfer partner, but that shouldn’t take away from the fact that it was available.
What I’m curious to see is what they will replace these with anything, and if so, what? This could be the perfect time to grab some additional partners and make some new contracts. Or it could be the worst possible time, we’ll have to wait and truly see on that one.
What do you think about the loss of the transfer partners. Are you hoping to see any partner in particular? Let us know in the comment section below!