I love credit cards so much! v3.0 (see first page for add'l details)

[hsmamato2]

Yes, example for me was bank A did in fact sent a 1099 but it never showed up. IRS will usually match bank's tax report with yours and find that discrepancy. then they will come knocking...
best practice is to ask them to produce a 1099, if they cannot, then ur usually in the clear.

AH! I think I may have had like one support thing last year..... again, I need to figure out how to check, should I call the cc company to ask,or SM?

 

[bernina]

*** Is there a way to look back farther in rewards activity history to verify balances etc??? I can only see back to last October.... ***

Ok.... all this chat about the forms got me to go into my accts to verify numbers (this is one area I haven't been tracking via spreadsheet,I know I'm a loser) anyway I've found a few questionable things....

1) on my acct page, I see what @Oscar Madison posted, but the balance at the bottom says 0,rather than -80,even tho I've transferred them to another
2) On P2 acct page, I see exactly what @Oscar Madison sees....
3) I see a missing transfer from 10/3/19- the acct page shows I transferred a (bonus) chunk of points, but the 'transfer to' acct doesn't show it....
4) On my acct page I see a transfer from P2 acct on my page, but it doesn't show on his acct page as being transferred out......

I realize this is my own shoddy record keeping...and I had *thought* my UR balance was correct, but now I'm not sure since I can't figure out how see farther back.... (You don't need to tell me, I'm starting a new spreadsheet for this stuff today)

I've used statements to walk back through reward activity not showing in the rewards area of the UR portal. A bit cumbersome but there's a summary box at the top of each statement.

 

[hsmamato2]

It's just considered Other Income and is added to your wages income just like you do interest. If the schedule form is the same as last year it's listed on Schedule 1, line 21 in the Additional Income section. That gets carried onto the 1040 form on line 6 when you add up your Total Income.

If you're using tax software you just enter a 1099-MISC when you get to the Other Income section and it'll take care of it for you.

The only number(s) you should need to enter for federal taxes is up in the numbered "boxes" at the top in the Summary section. (Chase just lists the box numbers, didn't actually make the boxes) The box 3 is the total amount you'd enter for the 1040.

Each state will do something different with it and you'd have to look up how to account for it in your state and/or locality.

I'm not a tax expert in any way, but this should get you started.

thank you!

 

[CyndiLouWho]

I don’t think you can refer to a regular AmEx from a co-brand. BBP is typically want people have gotten but that’s really a placeholder for MRs since it has no AF.

So even though it says all cards, it just means other co-brands?

 

[Alexle2007]

So even though it says all cards, it just means other co-brands?
View attachment 468432

Correct, all cards in that brand. The MR cards are easier in that way since there are more cards available to refer to.

 

[CyndiLouWho]

Co-brand cards can only refer within their brand. So you can get any Hilton card from another Hilton, any Marriott from any other Marriott. But you can't go Marriott to AmEx. Only AmEx cards can do both AmEx and co-brand.

I believe $300 is good for the BCP and is pretty standard now. Not sure if there is still an incognito offer floating around for higher. US CC Guide keeps a historic chart going.
https://www.uscreditcardguide.com/blue-cash-preferred-credit-card/?mobile=

Interesting that my feral link says “all available personal and business” even though that’s not what they mean. Lol

The public offer I see is $250 for BCP. I can pull up $300 incognito.

 

[CyndiLouWho]

Correct, all cards in that brand. The MR cards are easier in that way since there are more cards available to refer to.

Thanks. Not really interested in MR cards yet.

 

[Albort]

Quick question... I just got a new Amex card for DH and I. Plan is to put everyday spend like groceries, lunch out etc on it. We have been using debit cards for this. I want to pay off weekly or poss bi-weekly just to be careful how much is being spent. Any problems with Amex if I pay the cards every week?

u typically dont want to do that with a credit card, they call it limit cycling and banks sometimes dont like it. It shouldnt make a huge difference, but i wouldnt risk it. heres a youtube link that explains it. (LINK HERE). but it if its a charge card, you wont have any problems.

 

[Albort]

AH! I think I may have had like one support thing last year..... again, I need to figure out how to check, should I call the cc company to ask,or SM?

SM might be best so that you have proof that they said they dont have anything for you. u can easily argue with the IRS that u received nothing and they dont have anything on u. more deniability... lol.
I had this case with Wells Fargo when i go their $300 checking bonus. I called, SM, and they had said there was no 1099s for me.

 

[miztressuz]

So even though it says all cards, it just means other co-brands?
View attachment 468432

Yeah they took a short cut and didn't clarify for cobrands. It should read all available American Express Marriott Personal and Business Card offers. They used the same generic sentence for all of them it looks like.

Interesting that my feral link says “all available personal and business” even though that’s not what they mean. Lol

The public offer I see is $250 for BCP. I can pull up $300 incognito.

Ah, must have gone back. It was at $300 for a while last year. Is the AF waived? The BCE is coming up with $200 with no AF through support and can get $225 to show up incognito. Would you use the extra 3% at grocery to be worth the AF?

 

[afan]

For the lightsaber building, I am thinking it is better to do it later in the day so less carrying around. Any other thoughts? I am seeing availability for DS’s actual birthday. I am so excited to make this happen!

I think, but you'll want to confirm in a swge thread, that you can send the lightsaber to the front of the park lile other purchases, which would let you pick a time that works vs how long you have to carry it.

 

[Breck]

@stitchfan18 @Breck Check your HH accounts. My Aspire SUB has posted!!

I also spend them as fast as I earn them. Just booked a week at the Grand Wailea using all my points and FNC. Thanks @Lain the suggestion. I was going to use them in Waikiki, but DH actually spent entire high school summers there (I learned something new!) so he prefers Maui. I can't wait; the resort looks amazing!

Glad you finally got them! I’m still waiting

 

[Haley R]

Dh and I are trying to go back and look at his chase account to figure out supports. When we look under rewards activity we aren’t seeing all of the transactions for some reason. It’s only showing 16 transactions and we’ve definitely had more than that.

 

[bernina]

Dh and I are trying to go back and look at his chase account to figure out supports. When we look under rewards activity we aren’t seeing all of the transactions for some reason. It’s only showing 16 transactions and we’ve definitely had more than that.

Each card will have its own details in the rewards activity area. If you have multiple cards you'll need to look at each one. Activity seems to go back around August 2019 for me.

You can also go through old statements and you'll see referral info listed.

 

[trenty]

Quick question... I just got a new Amex card for DH and I. Plan is to put everyday spend like groceries, lunch out etc on it. We have been using debit cards for this. I want to pay off weekly or poss bi-weekly just to be careful how much is being spent. Any problems with Amex if I pay the cards every week?

I used to pay daily. Now I pay weekly. No issues at all. It helps me know exactly what is in my checking acct as if I were using a debit card.

 

[trenty]

u typically dont want to do that with a credit card, they call it limit cycling and banks sometimes dont like it. It shouldnt make a huge difference, but i wouldnt risk it. heres a youtube link that explains it. (LINK HERE). but it if its a charge card, you wont have any problems.

I have been doing this for years with Amex, chase, and discover and have not had any issues.

 

[Haley R]

Each card will have its own details in the rewards activity area. If you have multiple cards you'll need to look at each one. Activity seems to go back around August 2019 for me.

You can also go through old statements and you'll see referral info listed.

View attachment 468444

We went back through and figured it all out. I started a new spreadsheet with support info so we don't have to go through this again next year. Dh didn't get a 1099 for one of his supports so he may have to SM to ask for one if he doesn't get it. I haven't gotten any of mine. I should be getting some from Chase and Amex.

 

[Lain]

Thanks for the breakdown. I don't have a CSR, but am considering upgrading my CF. I really would prefer SW though, but like you said, their Christmas schedules aren't out yet. We are in the South Bay so it's not as convenient to fly out of SFO. Also I prefer SW for the free bags, as we tend to carry a LOT (with 3 kids, I have one suitcase just for diapers and wipes). I only have 20k URs left. I spend them so quickly! But with the later SW schedule, I'm hoping to collect either RRs or URs (to then transfer to RR) by the time the schedule is released.

So excited for you!

I’m terrible in getting hotel reviews and photos up, but I’ll make it a point after our trip over spring break! Fingers crossed you score some good flights! I totally get how major free checked bags are with kids, especially when flying to Hawaii for a week.

 

[Oscar Madison]

1) not always. Ive gotten a $300 from citi before.
2) you need to double check and make sure the company did not issue one out. Your best bet would be to call and ask. if they dont know, and u see no tax forms on your account, then u "can" not report it. If they do in fact have a form out, then the IRS will penalize you saying that you "should" of known. its a really bad situation to be in, safe side, report it. take the risk, save some money.

Note: i am not a CPA and everything i have said is based on what ive seen from my own tax returns and others. For a better response, its best you ask a CPA.

P2 had just a single referral, which is under $600 from Chase. I'll go ahead an report that. Thanks for advice.

 

[disfanforlife]

An update on the stolen gift card saga: BJs customer care reached out to me today to confirm that they did deactivate the stolen cards and sent out new ones, with a new tracking number. Fortunately someone will actually be home this time to sign for the package, so fingers crossed this will go better than the last time.

As for the UPS investigation, after I gave the social media agent all the information she asked for, it was kicked up to corporate and that will likely still take a few days.

That’s good to hear! You must be so relieved.
Hopefully they find out while stole them and catch them.