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.