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.
For example, many Chase and Bank of America credit cards are backed by Visa, such as Chase Ink and the BankAmericard Cash Rewards card. Youâll be able to use these at Costco in about a year.hether theyâll provide better rewards than the Costco Amex TrueEarnings card remains to be seen. That card currently comes with 3% cash back at gas stations, 2% cash back at restaurants and travel, and 1% cash back elsewhere.