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, 4:49 pm
#451
Join Date: May 2011
Posts: 4
No argument bro. Just do not want get stuck with a 1099 come year end. Like Citi and now Chase.
Here is the response from BD. Will update once I hear anything else....
"I've submitted your concerns to the manager and she is going to contact our legal department about this issue. Once she hears something back we'll let you know. Thanks."
May 5, 2011, 5:04 pm
#452
Join Date: Dec 2004
Posts: 7,911
Sure seems like it.
No. Citi sent a 1099 for a different bonus. Besides, they don't always send it. Someone even mentioned getting Citi to correct his 1099 to $0 (most hit a stone wall). And if you get a 1099 you can still use a different amount on your taxes. If you feel "it is obvious that ... warrants a 1099" and have some audit concern, then you're welcome to claim extra income on your personal tax form yourself without a 1099.
BankDirect has been awarding miles for years without any reports of 1099s here, so I can't understand the purpose of your letter. Maybe you should post it.
No. Citi sent a 1099 for a different bonus. Besides, they don't always send it. Someone even mentioned getting Citi to correct his 1099 to $0 (most hit a stone wall). And if you get a 1099 you can still use a different amount on your taxes. If you feel "it is obvious that ... warrants a 1099" and have some audit concern, then you're welcome to claim extra income on your personal tax form yourself without a 1099.
BankDirect has been awarding miles for years without any reports of 1099s here, so I can't understand the purpose of your letter. Maybe you should post it.
Last edited by rrgg; May 5, 2011 at 5:11 pm
May 5, 2011, 7:27 pm
#453
Join Date: Feb 2010
Location: Disney World
Programs: Fairmont Lifetime Platinum, Hyatt Globalist, AA Lifetime Gold
Posts: 321
No argument bro. Just do not want get stuck with a 1099 come year end. Like Citi and now Chase.
Here is the response from BD. Will update once I hear anything else....
"I've submitted your concerns to the manager and she is going to contact our legal department about this issue. Once she hears something back we'll let you know. Thanks."
Here is the response from BD. Will update once I hear anything else....
"I've submitted your concerns to the manager and she is going to contact our legal department about this issue. Once she hears something back we'll let you know. Thanks."
May 5, 2011, 9:38 pm
#455
Join Date: Sep 2002
Location: LAX
Programs: AA PLT / 2MM
Posts: 2,113
I'd be pissed as hell if this happens, but I highly doubt that the tax consequences of a mileage account never crossed the mind of anyone in legal department at major bank ... and then all the sudden some bozo's email gets them to send out a bunch of 1099s.
May 6, 2011, 6:22 am
#456
Join Date: Sep 1999
Location: too far from the airport
Posts: 3,298
Yup, until this last month, I always received any odd number of miles, not something rounded down to the lower 100. Fair enough, I'll make sure my avg daily balance doesn't exceed x00 by more than a few $. And I don't believe I ever received a warning that this was going to happen.
May 6, 2011, 7:45 am
#457
Join Date: Jun 2005
Location: DFW/DAL
Programs: AA 1MM Gold, Marriott Gold, Hilton Diamond, Hyatt Discoverist
Posts: 1,524
Is there somewhere on their site that you've seen which lists out your instant Avg Daily Bal? I could calc it of course, but since I don't have tens of thousands of $ to put in there to just sit for now, i'm using it for all of my normal transactions so would take a while to calc each time i want to see.
May 6, 2011, 10:41 am
#458
formerly known as daveland
Join Date: Oct 2003
Location: NY, NY, USA
Programs: Hyatt Globalist, Marriott LTP, Delta Platinum, Hilton Honors Diamond, Wyndham Diamond
Posts: 2,969
Since the IRS has previously ruled that miles aren't taxable, I don't see why anyone here would go to BD trying to force them to take an alternative position. They (currently - according to the IRS) are not taxable.
May 6, 2011, 11:32 am
#459
Join Date: Sep 2006
Programs: AA LT Plat - 2MM;HH Diamond
Posts: 239
Is there somewhere on their site that you've seen which lists out your instant Avg Daily Bal? I could calc it of course, but since I don't have tens of thousands of $ to put in there to just sit for now, i'm using it for all of my normal transactions so would take a while to calc each time i want to see.
Thanks,
Dan
May 10, 2011, 9:12 am
#461
Original Member
Join Date: May 1998
Location: NYC
Programs: AA 2MM, Bonvoy LTT, Hilton Diamond
Posts: 14,679
According to the FAQ, you need three different merchants.
http://bankdirect.com/programs/aafaq.aspx?q=7
Not sure if they changed this in April.
May 10, 2011, 9:35 am
#463
Join Date: Feb 2010
Programs: aa
Posts: 460
Is this from personal experience? Thanks.
According to the FAQ, you need three different merchants.
http://bankdirect.com/programs/aafaq.aspx?q=7
Not sure if they changed this in April.
According to the FAQ, you need three different merchants.
http://bankdirect.com/programs/aafaq.aspx?q=7
Not sure if they changed this in April.
May 10, 2011, 11:34 am
#464
Join Date: Jan 2005
Location: DEN
Programs: UA Gold-MM, AA Gold-MM, F9-Silver, Hyatt Something, Marriott Gold, IHG Plat, Hilton Diamond
Posts: 6,404
Does anybody use MINT.com to track their accounts? I can't seem to figure out how to add BankDirect to my MINT.com account.
May 10, 2011, 3:25 pm
#465
Join Date: Feb 2009
Location: Redwood City, CA (i.e. SFO/SJC/OAK)
Programs: AAdvantage 1MM+ GOLD, SkyMiles
Posts: 143