Credit card — U.S. BANCORP (WA)

None. Fidelity VISA card allows 2 % cash back on reward points. XXXX XXXX & XXXX XXXX also have monetary " cash '' back on their reward program. Fidelity VISA card is issue through US BANk and it 's credit card services for US BANK states " any monetary amount excced {$600.00} will be taxable ''. This is inconsistent with XXXX XXXX ( 1.5 % back CC and XXXX XXXX XXXX ) redemption programs on their reward points. Thus NO XXXX tax form is generated at XXXX XXXX or XXXX for reward point redemption. US Bank via Elan Servcies claism they will be sending tax information for value of {$600.00}. XXXX institutions with reward redemption programs and ONLy the Fidelity/US Bank seem to TAX you. Request a tax specialist at Fidelity & US Bank respond in detail as the usage of taxation o