Sentences with phrase «flier miles issued»

The tradeoff is that these points can be redeemed for more than a penny each, which is better than many frequent flier miles issued by airlines.

Not exact matches

As one example, Citibank reportedly has issued 1099s (which report taxable income to both the taxpayer and the IRS) on frequent flier miles given as a bonus for opening a bank account.

Once you've earned those miles — whether by flying or by making charges on a co-branded airline credit card — the airline controls the frequent flier miles, not the bank that issued the card.

If you're a frequent flier on United, here's a deal to consider: the new United Mileage Plus Explorer card, issued by Chase, is offering up to 60,000 miles as a sign - up bonus.

The revenue profile for these carriers (see Graph 3) also relies upon the sale of frequent flier miles to partners such as the banks that issue airline credit cards.

Citi sends out 1099s Citi drew attention to the issue last week because it is sending out 1099 - MISC notices to customers who took advantage of a 2011 Citi promotion that offered 25,000 American Airlines frequent flier miles to anyone who opened a new bank account.

Standing precedent on this issue is a statement made by the IRS in 2002, regarding «the taxability of frequent flier miles or other promotional items that are received as the result of business travel and used for personal purposes.»

The number of frequent flier miles the company issues is rising, even as it reduces the number of flights it offers.