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.
You can use ANY CREDIT CARD for your Costco purchases, the key is to buy Costco Cash Cards online first, and then use those in the store instead of your credit card. It also works well for time-shifting your Costco spending if you need to meet a qualifying spend requirement to earn a signup bonus.