American Express Sending Out 1099s For Referral Bonuses (1¢ Per Point)

As was the case last year, American Express is sending out Form 1099-MISC to those who got referral bonuses over the course of the year. You’ll get a separate tax form for each Amex card which you referred from, and the form will state clearly which card its for.

I’m unsure if you’ll get a 1099 if your total referrals are less than $600. You’ll definitely get one even if your earnings from each single card is less than $600, e.g. if you earned $300 from one Amex card and $300 from another Amex card, you WILL get a 1099.

Amex is valuing the Membership Rewards points at 1¢ per point, as was the case last year. I assume Hilton points will get the same .67¢ valuation from last year, and all other currencies like Membership Rewards, Delta, SPG, and Marriott points at 1¢ per point.

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42 Comments
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James
James (@guest_1174565)
April 11, 2021 02:24

can chat tell us how much we got? or do we need to call

Joe S
Joe S (@guest_1161055)
March 14, 2021 22:52

P2 and I didn’t get any this year from Amex, I believe we both referred 55K total MR and that’s it. Should we assume if under $600 across all cards, you don’t get one? How would one check this?

Matthew
Matthew (@guest_1148257)
February 21, 2021 14:17

Haven’t received my 1099, how can I get it online?

Jason
Jason (@guest_1144622)
February 13, 2021 20:31

Got mine as well, 1 cent per MR point and delta miles, for 55k MR and 12.5k Delta miles

Eric Lipkind
Eric Lipkind (@guest_1138682)
February 3, 2021 11:49

Did they send these this year as well?

CtownBin
CtownBin (@guest_1139105)
February 3, 2021 22:37

Yes, just got mine today. MR points are 1 cent each. I got one form for each card that I referred from, though they came in the same envelope. None of the forms had $600 in referrals, but the total was over $600.

David
David (@guest_904406)
February 10, 2020 10:30

I still haven’t received an AMEX 1099. This was for 40,000 MR referral points earned on a Gold Business account. Closed the card mid-year. At this point is it likely a 1099 is not forthcoming?

sam
sam (@guest_906146)
February 11, 2020 21:28

2nd this P2 and I both referred each other, for a total of 3 times between us so 200 and 400 and no 1099 (yet). I guess there’s no way to check Amex’s website? I don’t see an area for it. I certainly won’t call, then they will mail one out mid-July with an apology or something.

Josh
Josh (@guest_897405)
February 3, 2020 12:57

Looks like USPS Delivery Daily Digest just informed me I’m receiving a 1099 from AMEX 🙁

Rob
Rob (@guest_1473187)
October 26, 2022 13:07

How much referral bonus did you get?

US
US (@guest_897381)
February 3, 2020 12:18

Received 1099 for total of $550 total referral’s is less than $600.
But with AMEX adjustments for the self referral it’s above $600, seems to answer why they added those points so they can send out 1099 as it’s above $600.

Ben
Ben (@guest_896698)
February 2, 2020 17:22

That’s a high valuation for the vast majority of their cardholders.

FindingMyPossible
FindingMyPossible (@guest_896599)
February 2, 2020 14:51

Just curious, why does it matter if 1099s are sent out? It doesn’t change whether you are supposed to claim it with the IRS.

Rob
Rob (@guest_1473189)
October 26, 2022 13:07

They report the form 1099 to irs of course