u/chocolatecookie2000

I apologize if theres info already out there, i just am so lost & confused cause i keep hearing different information.

I have a Discover checking and savings. I like my Discover checking for no monthly fees on anything. I like my Discover Savings for the decent APY interest.

What will happen to my Checking and Savings? Will it automatically convert to a Capital One Checking and Savings? Or will I have to manually open new accounts with Capital One? If Discover closes for good and my accounts don’t automatically transfer over, what happens to my money? I have a ton of money in savings, should I preemptively move everything over somewhere else?

Also, if I go the Capital One route, will I still be able to have a checking account with no monthly fees? Also, do they offer Savings accounts with good APY or am i out of luck? Are there any banks you recommend besides Capital one that offer these perks?

And is there a date when all of this would happens? It seems like nobody knows what is going on.

Thinking of getting the CSR for the new SUB. I currently have the CSP. I was under the impression that the best way to get value out of your points is to transfer to Hyatt. Now I’m hearing that Hyatt points will hold less value starting in a few days. So I’m wondering- whats the next best way to redeem my points, once this change goes into effect? Should I still transfer to Hyatt after that? Will there now be a better transfer partner? Should I just redeem in the chase travel portal?

Been trying to do research about this, everyone keeps saying “just redeem with hyatt before may 20th” but thats not helpful advice for long term. I have a United SM Explorer card too, so maybe I can transfer points to United, is there any good value in that? Or am I better off just redeeming for straight cashback or Chase’s travel portal at this point?

Thinking of getting the CSR for the new SUB. I currently have the CSP. I was under the impression that the best way to get value out of your points is to transfer to Hyatt. Now I’m hearing that Hyatt points will hold less value starting in a few days. So I’m wondering- whats the next best way to redeem my points, once this change goes into effect? Should I still transfer to Hyatt after that? Will there now be a better transfer partner? Should I just redeem in the chase travel portal?

Been trying to do research about this, everyone keeps saying “just redeem with hyatt before may 20th” but thats not helpful advice for long term. I have a United SM Explorer card too, so maybe I can transfer points to United, is there any good value in that? Or am I better off just redeeming for straight cashback or Chase’s travel portal at this point?