<prompt> Human: Hello everyone,I have a sizable amount of rewards on my credit card. I also have a number of options on how to redeem them.1 Get a check sent2 Erase the balance on my credit card I think I lose potential points this way3 Exchange for products including gift cards4 Exchange for servicesCan anyone explain to me if there are benefits to one method over the other besides just trying to maximize value received. Will any of these options result me having to pay additional taxes?  <response>: The IRS considers rewards to be rebates instead of income. They dont affect your taxes. 