The thank you points on deposit accounts are considered interest earned.
So far the credit bonuses are considered rebates.
If 1099 becomes norm, I don't think the mileage programs will last too long because there will be a reduction in demand of miles from banks, and less income generated from selling miles by the airlines.
Pretty much bad for everyone.
Last edited by teddy25; Jan 24, 2015 at 10:32 pm