The Travel Game - LVA Travel - BankDirect will start reporting miles to the IRS

BankDirect will start reporting miles to the IRS

(Affiliate Disclosure: The posts in the forum may contain links to credit cards and other products. Some links may pay us referral fees. But please keep two things in mind: First, we will never post a card (or offer) simply because of the opportunity to earn money. And second, if we see a better offer for the same card than we can give you, we will direct you to it. We promise. Please view our advertising disclosure page for additional details about our partners.)

Michael Friedman

Nov 26, 2019
12:44pm

Block User

BankDirect has an interesting niche. Instead of giving interest, they give depositors American Airlines miles based on their total balances. Traditionally, BankDirect had not reported your earnings to the IRS. Starting next year, however, any miles that you earn will generate a 1099.