Originally Posted by
ExitRowAisle
I'm quite familiar with the issue. I was just subtly pointing out that contrary to your statement there is no official rule on the matter. If there was, Fidelity, TD Ameritrade, Chase, BankDirect, etc. would be doing the same thing as Citibank. Are you suggesting that all of those companies' accountants and legal counsel don't know how to comply with the tax code?
I feel sorry for the people who are getting sucked into this mess. I've dealt with many of these companies in the past and have never received a 1099 for bonus miles.
Soon people would be surprised by Chase which has a very clear wording on the UA 10K promo on the checking account bonus. I have read the wordings but not remember where it is now as personally I am not affected since I do not participate in such promotions.
You can do a search on Chase may be you can then see the wordings yourself.