Are Miles, Points, and Cashback Taxable by the IRS? by Tagging Miles. You should always speak to a tax professional about this, but my understanding is that credit card rewards are considered a rebate and bank account bonuses are treated as interest. You have to pay taxes on interest, but not on rebates.
While Chase is Tightening Approvals, Ultimate Rewards is Slowly Dying by Travel Codex. Hyatt & Southwest have been my go to transfer partners, but now that Southwest has gone “I’m not giving you an award chart of fixed value per point” route, I’m stuck with just Hyatt. I like knowing I can get at least 1 cent in value in cash though. But totally agree they need to add some new partners, especially if they lose Amtrak (even if they don’t that program is going to be gutted).
I Have A Love Hate Relationship With Cardpool by Chasing The Points. I really don’t get why these resellers don’t make it easier for bulk sellers. So much less risk purchasing from bulk sellers, sure you’re spread isn’t as good but still.
Amtrak’s New Revenue Based Program Details Revealed – Here’s What it Will Mean by View From The Wing. 2.56¢-2.9¢ per point seems quite reasonable, no more sleeper trains across country for the whole family but people that regularly need to travel on not so expensive seats should be able to get decent value out of the program. Not as bad as I first feared, but I’ll let the rail experts chime in first.
