Apr 8, 2021, 10:27 am
Last edit by: funnyfarm299
Miles usually post on Bask website on the second business day of the month, to AA a day or 2 later.
Check the "Rewards" section of your Bask dashboard or the Recent Activity section of your AA account.
Current earn rate as of June 2023: 2.5 miles/dollar/year, awarded monthly (no LP's).
Check the "Rewards" section of your Bask dashboard or the Recent Activity section of your AA account.
Current earn rate as of June 2023: 2.5 miles/dollar/year, awarded monthly (no LP's).
Questions on BankDirect, now Bask Bank (consolidated)
May 5, 2011, 7:04 am
#436
Join Date: Aug 2009
Location: RDU
Programs: A few
Posts: 5,499
Indeed but historically they have paid essentially 1 mile per $10. So seems with the changes they have tightened it up. I will know now to retain round balances
May 5, 2011, 9:12 am
#437
Join Date: May 2003
Programs: AA (1MM), Marriott (LT Gold)
Posts: 1,766
If BD did decide to change their payment of miles in practice, it's a little aggravating that they did not give us specific notice of the change (unless it was buried in their new program roll-out description). I'll now be more careful on the timing and amounts of my future deposits with BD.
May 5, 2011, 9:14 am
#438
Join Date: Jan 2006
Location: Merced, CA
Programs: Lifetime Gold AA, Gold Delta, Gold Starwood, Silver UA, Silver Hyatt, etc.
Posts: 288
The sent out notices. Go to their website for specifics. Amounts over $200K are effected.
Yes, I received mileage rounded down to the lower 100 even though it qualified under normal rules to be rounded up.
If BD did decide to change their payment of miles in practice, it's a little aggravating that they did not give us specific notice of the change (unless it was buried in their new program roll-out description). I'll now be more careful on the timing and amounts of my future deposits with BD.
If BD did decide to change their payment of miles in practice, it's a little aggravating that they did not give us specific notice of the change (unless it was buried in their new program roll-out description). I'll now be more careful on the timing and amounts of my future deposits with BD.
May 5, 2011, 9:14 am
#439
Join Date: May 2003
Programs: AA (1MM), Marriott (LT Gold)
Posts: 1,766
I'm well aware of their change in policy on amounts over $200k. That doesn't impact me because I don't have over $200k.
Last edited by JY1024; May 5, 2011 at 11:19 am Reason: merged consecutive posts
May 5, 2011, 10:11 am
#440
Original Member
Join Date: May 1998
Location: NYC
Programs: AA 2MM, Bonvoy LTT, Hilton Diamond
Posts: 14,679
May 5, 2011, 12:11 pm
#441
Join Date: Sep 2003
Location: MDT, PHL, BWI
Programs: HH Diamond, Starwood Platinum
Posts: 306
Therefore you will not receive miles until you reach another $1000 threshold. And that is based on your monthly average balance.
May 5, 2011, 12:30 pm
#442
Join Date: May 2003
Programs: AA (1MM), Marriott (LT Gold)
Posts: 1,766
Correct! I questioned this as well and afterwards received an answer by email stating "The mile account has changed. Beginning April 1st, 2011, we are giving miles per $1,000.00 collected balance. So, if it is below $1,000.00, you will not receive any more miles. Your average collected balance for April was ??????."
Therefore you will not receive miles until you reach another $1000 threshold. And that is based on your monthly average balance.
Therefore you will not receive miles until you reach another $1000 threshold. And that is based on your monthly average balance.
May 5, 2011, 1:09 pm
#444
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,085
Tell me if you need a referral . . .
May 5, 2011, 1:22 pm
#445
Join Date: May 2011
Posts: 4
May 5, 2011, 1:29 pm
#446
FlyerTalk Evangelist
Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,085
So, no, going forward I don't see any risk.
May 5, 2011, 1:40 pm
#448
Join Date: May 2003
Programs: AA (1MM), Marriott (LT Gold)
Posts: 1,766
Even though this is completely OT, why do you think that Citi is the barometer for determining whether something is being done correctly or not? They of all companies are the odd ball in sending out a 1099, and they aren't even consistent within house. For instance, their apparent position is that a bank account bonus should get taxed but a credit card bonus should not get taxed.
May 5, 2011, 2:10 pm
#449
Join Date: May 2011
Posts: 4
Even though this is completely OT, why do you think that Citi is the barometer for determining whether something is being done correctly or not? They of all companies are the odd ball in sending out a 1099, and they aren't even consistent within house. For instance, their apparent position is that a bank account bonus should get taxed but a credit card bonus should not get taxed.
Just concerned if they start sending out 1099s in future or if there is a IRS audit (from what I know, you have to pay taxes regardless of a 1099 and with the Citi precedent it may cause problems..)
May 5, 2011, 2:23 pm
#450
Join Date: Dec 2004
Posts: 7,911
Maybe you're just trying to start an argument. They don't issue this form. Just be happy.
If you think this is unfair to other taxpayers, then it's also unfair not to pay income tax on other miles earned elsewhere, or maybe on cashback from credit cards and lots of other cases in various reward programs. Since you want to compare to Citi, look at the inflated valuation they use; Citi likely benefits from issuing those forms. Citi is not the gold standard of accounting.
If you search this forum you'll see more discussion of this tax issue. In fact, taxes on Bank Direct miles was even mentioned in the NY Times so it's no secret.
If you think this is unfair to other taxpayers, then it's also unfair not to pay income tax on other miles earned elsewhere, or maybe on cashback from credit cards and lots of other cases in various reward programs. Since you want to compare to Citi, look at the inflated valuation they use; Citi likely benefits from issuing those forms. Citi is not the gold standard of accounting.
If you search this forum you'll see more discussion of this tax issue. In fact, taxes on Bank Direct miles was even mentioned in the NY Times so it's no secret.
Last edited by rrgg; May 5, 2011 at 3:03 pm