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.
@Mike Murphy: Unless you have a Citi AA Amex card there is no way you used a Visa or Mastercard at Costco stores. These are the only ways you can pay at Costco stores today: Cash, check, debit cards, Costco Cash cards or American Express credit cards. FYI: The Citi HHonors Reserve card is a Visa Signature card so Citi does have some exposure with respect to Visa cards.