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Thread: Up to 40k AAdvantage Miles -- Citibank Checking for Citi AA cardholders
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Old Mar 13, 2012 | 4:37 pm
  #584  
rionio77
 
Join Date: Jul 2010
Programs: AA, DL, SPG, Hyatt
Posts: 313
Originally Posted by vortix
I believe Citi values the miles at $0.02/each, but I'm not 100% positive. So 20k miles would be valued at $400 on a 1099.

The fact that Citi sends out 1099s for mileage bonuses on bank accounts has prevented me from bothering to open a bank account with them.
That's a deal killer for me. Until Citi stops sending out 1099 for TYP checking bonuses, I think I'll sit on the sidelines.
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