50,000 CITIBANK THANK YOU STILL POSSIBLE
FYI – Many are blogging about the Citibank Thank You Premier Card 50,000 offer being dead. On the contrary it is still very much alive. The marketing affiliate (me included) links are no longer able to offer it but this offer is still available to the general public directly from the lender. It’s a good offer! The minimum spend is only $2,500 (do-able) and the annual fee is waived.
I had previously written about combining this offer and a Citibank checking account offer to accumulate 100,000 Thank You points but it looks like that checking account offer expired 12/31/11 and I currently can not find another working like for the 50,000 Citi Thank You checking offer. (If I do, I’ll post) That being said, Citibank has been sending out 1099’s to some people who received checking account bonuses in 2011. There has been some recent articles about this situation. Here are a few
Both are of these articles are very imformative. Seems like the water is very murky with this regard. No other bank has been doing this and miles or points have never been taxable in the past. The IRS official statement basically says they won’t come after you for not disclosing this because there is no policy on miles & points (as of yet). Anyway, something to know about and keep an eye on.