Geobreeze Travel Credit Card Points & Taxes CPA Reveals ALL with Deen from ascendfinancialpartner | Ep 284
Mar 31, 2026
Deen Cadi, CPA and founder of Ascend Financial Partner who specializes in tax planning. He debunks whether credit card rewards are taxable and when points count as business versus personal. He discusses hobby-loss audit risk, reimbursements and multi-card strategies, valuing points, who faces audits, and travel write-off planning.
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Document Business Intent Before Getting Business Cards
- Do document clear business intent and tie expenses to ordinary business activities when using business cards for points.
- Deen warns intent and structure matter: buying inventory to resell must be intended as profit-generating to be deductible.
Avoid Perpetual Losses Or Risk Hobby Loss Audit
- Avoid chronic losses without revenue; hobby loss rules will trigger audits and disallow losses after a few years.
- Deen says repeated losses over 3–5 years raise audit risk and can lead to penalties and interest if treated as a hobby.
Use Personal Cards Then Reimburse To Keep Points Private
- Reimburse personal-card business spend via an accountable plan or reimbursements to keep points on personal cards for personal use.
- Deen notes single-member LLCs can reimburse owner; this preserves personal points and avoids company-owned rewards.