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Thread: [Consolidated] 1099s for miles & cash rewards from all banks
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Old Jan 20, 2012, 12:40 pm
  #108  
GRALISTAIR
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Originally Posted by Yobz
I have ~115,000 points on Chase Ultimate Rewards which I can put directly into my checking account valued at $1,150. Pretty sweet. My concern is using it this way vs putting into miles (115k United miles) will get me a 1099 and not be worth it. Anyone have experience with this? Thanks!

EDIT: ULTIMATE REWARDS, not Membership Rewards
Not directly but recently (10 weeks ago) opened a bank account with Chase (checking) when I moved to Indianapolis. Anyway, they said when your first payroll check goes in, we will send you a 125$ sign on bonus. Lo and behold on Monday a tax document from Chase comes through asking me to submit with my Tax Return. So I know not exactly what you are asking but Chase are on the ball with matters of this nature IMO.
Last edited by GRALISTAIR; Jan 20, 2012 at 4:59 pm
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