FlyerTalk Forums - View Single Post - Liquidating Chase UR
Thread: Liquidating Chase UR
View Single Post
Old Aug 18, 2025 | 12:04 pm
  #45  
Schnit
All eyes on you!
 
Join Date: May 2022
Posts: 3,100
Originally Posted by anc305
I just want to get clarity on the UR redemption options. If I do cash back of 500k = $5K as a direct deposit to my checking account , there will be NO 1099 or tax liabilties ? I tought I read that Chase had sent out some 1099s for this in the past. Also does this cash back option still apply to the new echanced / increased fee updated card ?
You never get a 1099 on redeeming points.

If you do a lot of referrals and/or get rewards with no spend required, you might get a 1099.
Schnit is offline  
Reply