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.
@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.