The Downside Of Credit Card Signup Bonus With Zero Spend Requirement (1099)

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There’s an interesting report from a reader that Chase might issue a 1099 for credit card signup bonuses which don’t have a spend requirement. We’ve seen those kinds of signup bonus offers from Chase on the Amazon credit card and Instacart credit card.
While typically a signup bonus is considered a ‘discount’ on the spend and is thus not 1099-able, signup bonuses with no spend requirement might get a Form-1099.

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