Episode 12: Are Points & Miles Taxed?
In today’s episode I discuss when points and miles are taxed and when they are not. Also, when they are taxed, are they still worth it?
1:00 General rules of thumb on when points & miles are taxed.
5:45 What about big sign-up bonuses on new credit cards?
8:00 What about referral bonuses?
9:00 What about bank bonuses?
12:00 Even banks are confused about taxes!
18:00 Are bank bonuses worth it, after taxes?
22:00 Are shopping portal rewards taxed?
American Express Platinum sign up bonus: 150,000 points after spending $6,000 in 6 months
Chase $900 checking and savings bank bonus.
Wells Fargo $325 checking account bank bonus.
