Over the years, many of us have opened bank accounts at Citibank to earn American miles. But seeing a 1099 in the mail for the value of those miles probably made you annoyed like me. Well, maybe not that annoyed. But I doubt anyone was happy seeing American value their increasingly shitty currency at 2.5 cents per mile. Well, it’s payback time…
Citibank has settled a class action lawsuit. If you got a 1099 for one of these bank accounts, you should file a claim. It’s not the biggest settlement in the world but $245 (depending on tax rate) isn’t bad for a few minutes. Have a great weekend, nerds!
