Alaska Air Group and Bank of America have announced an extension of their co-branded credit card agreement through 2030.
MLB has reportedly turned to Capital One as a banking sponsor, who will also be its credit card issuer.
Financial institutions will issue a 1099 when you earn a bank bonus, even if the bonus is in the form of miles or points. A 1099 is also issued for referral bonuses for credit cards.
“Effective immediately, we have closed this Alaska Airlines business card account and all individual accounts associated with it because of excessive account closings and openings to accumulate bonus miles under the Alaska Airlines business card program.”
Bank of America is extending the bonus spending period for new credit cards that were opened between January 1 and March 31, 2020. It applies to personal and business cards.