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.
Citi will issue co-branded Costco credit cards starting April 1, 2016. Citigroup Inc. will become the exclusive issuer of Costco's credit cards and Visa Inc. will replace American Express as the credit-card network for Costcoâs stores starting in 2016, the retailer announced Monday. UPDATE: Costco picks Visa and Citigroup as new credit card partners.