Originally Posted by
atxtravel
What about thank you points? They're worth 1 cent for sure, and cost at least very close to 1 cent, because there's no way WalMart or BestBuy would give away their gift cards at a heavy discount, or airlines won't sell seats at 25% discount through the TYP travel portal.
OP says "except 5% categories". Yes, on 5x TYP, CITI is losing money. That is why they've shutdown half of the people on this forum back in May.
But on the rest of TYP cards, CITI is simply making money or getting even because they are collecting 1.5%-3% in merchant fees.