Adding an authorized user to your credit card can be a win-win situation.

You’ll rack up points and earn welcome bonuses faster, while they’ll build their credit history, enjoy cardholder perks and pay a much-reduced annual fee (if any!).

Yet, just as choosing the right credit card for yourself can be challenging, so too can identifying the best card for you and an authorized user. Not every card offers the same benefits to the authorized user as it does the primary cardholder.

Capital One is spicing it up with some new changes to its rewards program. You’ll see a new transfer partner, elevated transfer bonuses and even new cancellation options to keep you feeling confident when booking flights.

New Transfer Partner

First up, Capital One is adding a brand-new transfer partner, Virgin Red. If you aren’t familiar with Virgin Red, it’s Virgin Group’s new rewards club program that launched in the United States last fall.

It allows you to earn and redeem points through flights, hotel stays, experiences and charitable donations.

The advent of the Capital One Venture X Rewards Credit Card has people reevaluating their wallet space for premium credit cards. The American Express® Gold Card (see rates & fees) with its high earning potential in various categories has been a consistent keeper in many people’s wallets.

It’s easy to get excited about the new kid on the block and throw out the well-worn card in your wallet.

Capital One is introducing some meaningful update to cards across their portfolio.

Let’s take a look at the details and how it impacts you.

Expanded Lounge Access

Capital One is expanding lounge access by adding access to an additional 100+ lounges worldwide.