FlyerTalk Forums - View Single Post - [Consolidated] 1099s for miles & cash rewards from all banks
Old Feb 4, 2012, 10:48 pm
  #409  
Kagehitokiri
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Join Date: Jun 2006
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Originally Posted by Andy2
Miles for opening and maintaining a bank account are different from several of the activities you describe.

The opening and maintaining of a bank account probably doesn't fall under the Rebate Rule.

Personally, I believe that miles issued in increments of less than 25,000 at a time have no value. Bank Direct must take this position, and I believe it is correct. A recipient simply cannot do anything of value with a small amount of miles and the miles may expire unused. If a person receives a one time award of 25,000 - 50,000 miles, it would logically have some minimal value since a ticket could be booked, but the value would seem quite small due to the lack of availability of flights using the lowest mileage threshhold. That is just my opinion. I don't know what the value is, I just know it is not 2.5 cents per mile.
from Andy2's first post - thanks for the continued posts ^
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