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.
For example, many Chase and Bank of America credit cards are backed by Visa, such as Chase Ink and the BankAmericard Cash Rewards card. Youâll be able to use these at Costco in about a year.hether theyâll provide better rewards than the Costco Amex TrueEarnings card remains to be seen. That card currently comes with 3% cash back at gas stations, 2% cash back at restaurants and travel, and 1% cash back elsewhere.