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.
As of June 20, Costco now allows you to use any Visa credit card for purchases, and no longer accepts American Express cards. This also marks the end for the Costco True Earnings Card from American Express, which is replaced by the new Costco Anywhere Visa credit card from Citibank.