Beginning July 22, JPMorgan Chase will no longer charge overdraft fees incurred by purchases that cost $5 or less, according to the bank's checking disclosure notice. The new policy will prevent customers from wracking up outsized fees for small purchases -- like a $34 overdraft fee for a $3 slice of pizza.
Now, more cardholders than ever can earn credit card points and miles at checkout. Costcoâs decision to accept only Visa credit cards was a cost-cutting strategy. But the move is also something of a throwback, reminding us of the â70s and â80s, when networks were the stars of the credit card world. You used to see advertisements from Visa and MasterCard on TV and in magazines.
Sorry, Costco shoppers: soon enough, you won't be able to use the American Express credit card in your wallet to buy that pallet of peanut butter. American Express announced Thursday that its co-brand and merchant agreements with Costco Wholesale Corp. will end next year.ffective March 31, 2016, American Express credit cards won't be accepted at Costco stores. Neither will the co-branded American Express TrueEarnings business and personal Costco credit cards, which have been on the marketplace since 2004.