FlyerTalk Forums - View Single Post - [Expired] Citi Premier 50,000 TY Bonus Pts. ($500+ worth) FEE FREE FIRST YEAR
Old Oct 9, 2011, 10:07 pm
  #55  
Happy
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Join Date: Jul 2003
Location: Florida
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Originally Posted by foxberg
Citi is known for slapping their customers with 1099 at the end of the year, at least for bonus miles from banking. Would this be the case as well?
Credit cards are not banking products.

Points / Miles / Cash rebate earned from Credit Card is considered Rebates, not interest earning. There is no tax liability on rebates, there is tax liability on interest earning.

Last edited by Happy; Oct 9, 2011 at 10:12 pm Reason: typo
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