Best Bank Bonuses and Promotions
Apply for the Citi Professional Card and get $150 (15000 points) worth of gift cards. Sometimes it’s better to get gift cards so you won’t be taxed. For all others, you have to fill out the 1099 form on your tax return.
Sign up here.
You will also get 0% apr on balance transfer(3% BT fee with cap at $50) and no annual fee.
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It’s only worth getting this credit card if you need advanced credit card reporting or if you need to separate business purchases.
I think you are right. I was thinking of Citibank checking account, which do send you 1099 form for their bonus. On some bonus for checking account, they give you thank you points instead which i think, is better.
I don’t believe any rebates from credit cards is taxed. And, if cash was taxed, then gift cards would be taxed as well.