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.
American Express lost a crucial relationship with Sam's Club competitor Costco Wholesale Corp. earlier this year. Costco stopped accepting Amex cards exclusively, and switched to Visa instead. Citigroup Inc. will issue Costco Visa credit cards.am's Club will also accept Amex's Bluebird prepaid debit card, sold in Wal-Mart stores, which was launched in 2012 as an alternative to bank checking accounts that can carry high fees.