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.
Please enable Javascript to watch this video. Costco has reached an agreement with Citi for a new co-branded credit card program, shortly after dropping its similar deal with American Express. Costco says it will start accepting Visa rather than American Express at its U.S. stores on April 1, 2016.Currently, the wholesale club retailer has accepted only debit cards and Amex for purchases in its stores or at its gas stations, although it also accepts Visa and MasterCard for online purchases.ost retailers who accept Visa also accept MasterCard, but Costco will be an exception to that rule. The only credit cards it will accept for store and gas station purchases will be Visa. Details about the new card's benefits and terms will be made available to members soon.