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Thread: US Bank Smartly Visa, 2-4% cashback on everything.
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Old Jan 11, 2025 | 10:01 am
  #61  
guv1976
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Originally Posted by milesaremymantra
!!!! Met US Bank Manager, opened Smartly Checking & Savings, been approved for Smartly c/c.
Bank confirmed that the 4% if deposited to one’s savings/checking is worth 4% BUT ALSO a 1099 situation!
This can make the 4%, depending on tax bracket, less than 4%. PLUS redemption via c/c is NOT worth 4%.
I'm mad I wasted a 5/24 slot! Your thoughts, do you view this differently?
Is it possible that the USB manager with whom you met was not so "Smartly," and simply mistaken about the issuance of a 1099?
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