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.
American Express cards will continue to be accepted at Costco stores until June, or perhaps mid-summer, when the contract will be switched to Citi. Costcoâs switch from American Express to Visa is being pushed back to this summer. Itâs now saying that transition will happen in June or by midsummer.
Costco will continue to accept debit cards from both Visa and MasterCard. The current AmEx Costco card that is in the hands of many Costco shoppers will be replaced by a Costco Visa card that is issued by Citigroup.reviously, they were only able to use AmEx credit cards. Visa already dwarfs AmEx in terms of the number of cards that are in shoppersâ hands. There are 281.4 million Visa cards in circulation compared with 54.9 AmEx cards, according to the Nilson Report, a card-industry newsletter.