Originally Posted by
LoveMountains
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.
Why would you do MS if you're not getting a bonus? It only makes senses to meet minimum spend requirements, but then no one really loses, except the issuing bank losing on the bonus payout.