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Thread: Debit Card Rewards Programs? [Post Durbin amendment]
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Old Sep 22, 2012 | 3:29 pm
  #16  
captaincool
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Originally Posted by jjmiller69
I've got a $200 offer from Chase for opening a checking account. It states that I will receive a 1099 for the $200. So Chase is also doing it too.
That's common practice and is required. If you read the terms you'll see the sign-up bonus is considered "interest" and you receive a 1099-INT from any financial institution where interest received exceeds $10.

People are complaining about Citi's very much inflated valuation of AA miles at 2.5cpp if I remember correctly
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