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Thread: Best miles/points reward for checking or saving account [Consolidated]
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Old Feb 10, 2013, 8:18 pm
  #13  
Spacetime17
 
Join Date: Aug 2012
Location: New York, NY
Programs: AA Plat, UA, BA, DL, SPG Gold
Posts: 94
Originally Posted by Ducati
I believe things have changed since tax year 2012. The offer now requires you to spend $750 for the 30K offer. Coincidentally, that's 2.5cpm - the amount Citibank had previously valued each mile. Because of forcing the customer to spend for the miles, the miles are now classified as a rebate. No more 1099 for the miles. But, you may receive a 1099 for any interest earned in the account, which will probably amount to a few dollars.
Looks like my information was outdated then! This certainly changes how I think about Citi checking bonuses. Thanks for pointing this out.
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