Originally Posted by
rrgg
New referrals for Citi Premier might be a good example. After you refer someone you don't get points. You must then spend $500 to activate that offer for 10,000 points.
To me that puts the 10,000 bonus points in the same category as the regular 500 points, meaning the IRS would treat both as rebates on your $500 and not taxable.
If you think the work-performed argument overrides all of this, why do you think Citi has this requirement?
That’s what I was getting at. Add a trivial spend requirement to it and then it could be treated as a rebate.
(Notwithstanding private IRS rulings or other crapola. Just speculating.)