As long as they don't renege later. Every single cash back card I have jumped on board with started with 2% ... changed the terms a year in to 1% ... then went down to 0.5% even later. And increased fees later as well. Maybe just bad luck on my part.
Canada has been capping interchange fees. 1.5% in 2015, 1.4% last year. They're the main way the card issuers pay for the rewards, so it makes sense that as they get limited the rewards go away.
> Visa Inc. and Mastercard Inc. agreed to cut Canadian credit-card transaction fees in a move that could save smaller businesses C$250 million ($192 million) a year and crimp revenue for Canadian lenders.
> American Express Co. agreed separately to support “objectives of greater fairness and transparency," the government said. AmEx doesn’t operate on an interchange model for its fees. The New York-based company remains “committed to improving the fairness of the Canadian credit card ecosystem,” company spokesman David Barnes said in an email.