Originally Posted by
philemer
My guess is no. Why? They may value the pts at 0.01 each so at $500 they wouldn't have to issue a 1099. Pure speculation on my part.
Would depend on how the 1099 is classified. Most banks issue 1099-INTs when the "interest" paid is >$10, however 1099s for vendors is usually the $600 min. To be safe, if I were going for this offer I'd be prepared to get a 1099 for $500 in interest income.