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Thread: Chase 1099 for referral & other bonuses: paperless, retention, etc [Consolidated]
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Old Apr 10, 2022 | 9:15 am
  #90  
mia
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Originally Posted by Dr Jabadski
“Points aren’t your property and have no cash value.”
No doubt Chase's legal department thinks this is true in some sense, but UR points can be redeemed for $0,01 each, in cash, and UR points -are- taxable at that rate if received for opening a bank account or as a referral bonus. The tax status has nothing to do with "doing something" to earn them, it is specifically related to spending.
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