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.
At the same time, Costco said it would switch its store-branded credit card from the TrueEarnings Card from Costco and American Express to a new product, the Costco Anywhere Visa Card by Citi. Sunday was the last day Costco accepted the old co-branded cards or any others from American Express.