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.
Samâs Club Takes Advantage of Costcoâs Disastrous Credit Card Swap. After Costco (cost) decided to dump its partnership with American Express (axp) for Visa (v), its' rival Sam's Club has sensed a chance for opportunity. Since the switch, many of the warehouse's customers have found themselves with an unusable credit card when they've made trips to Costco. In response, the Wal-Mart (wmt) owned company announced that it will accept Costco membership cards as a free Sam's Club Card through July 4.