These Two Credit Cards LOSING Free Lounge Access...

Hey credit warriors, welcome to the show and I just have a little tidbit of news about two Capital One cards that are losing lounge access, okay? Now, don't worry, this is not the Venture X card, okay? The sort of flagship card that everyone has been raving about with Capital One. No, this is the Capital One Venture card, the $95 annual fee one, and the Spark Miles business card. Now, these cards used to get two complimentary visits to either the Capital One Lounge or the Plaza Premium Lounge each year. And then after that, if you wanted to get in, you could pay $45 to get into the Capital One Lounge and whatever it costs to get into the Plaza Premium Lounge. I forget, maybe it's $45 as well. Unfortunately, Capital One is changing this. Now, you will still be able to pay to get into these lounges, but you will no longer get the two complimentary passes each year. Let me read out the text of this change. Effective January 1st, 2025, Venture and Spark Miles card holders will no longer receive complimentary lounge access. You will have two complimentary visits to Capital One Lounges or Plaza Premium Lounges to use by December 31st, 2024. Venture and Spark card holders can access Capital One Lounges for a special rate of $45 for themselves and their guests. So, a couple of things there. Notice that you still get the special rate of $45, okay? Regular price is $65, so they're still giving you the discount, but they're taking away the two free passes. However, this doesn't happen until the end of 2024, okay? So, until 2025. You know, they normally do this because they, I think to do with the law, they have to tell you like a year out if they're going to make changes to benefits for cards that have an annual fee, okay? Because people have paid the annual fee, they expect that benefit, you know, for the next year. So, basically, you know that if you apply now for this card, you'll have this benefit, two free passes all the way through next year. But as of 2025, you will not get it. If you have the Venture, maybe it'll be a good time to upgrade to the Venture X, right? At the end of 2024. But, you know, for most people, I don't think it's really going to make that much of a difference. It's only two free passes. I think the article I read in Frequent Miler about this said that probably a lot of people who have the Venture don't even know that they have free passes. But anyway, if you have that card, just a heads up that that benefit is going away. However, you'll still be able to get in to Capital One lounges at the discounted rate of $45. All right, guys, just a short video to talk about that. Please subscribe to the channel if you're new for more credit card tips and tricks and the latest news almost every day. And we'll see you next time. Bye bye.