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 now accepts only Visa credit cards. People how had the old TrueEarningsÂ® Card from Costco and American Express have been sent the Costco Anywhere VisaÂ®Card by Citi. Judging by the number of questions weâve received about the transition, many of you arenât sure what to expect.