COSTCO Credit Card provides 1 to 5% "Cash Rewards" when you use their cards for purchases. Question: Is this Cash Award taxable?

jesseroscoe · ‎June 6, 2019

MinhT · ‎June 6, 2019

Cash awards from credit cards are considered as discounts on your purchases. If you used the credit card for personal expenses, the rewards are not taxable.

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MinhT · ‎June 6, 2019

Cash awards from credit cards are considered as discounts on your purchases. If you used the credit card for personal expenses, the rewards are not taxable.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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COSTCO Credit Card provides 1 to 5% "Cash Rewards" when you use their cards for purchases. Question: Is this Cash Award taxable?