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.
NEW YORK â 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 instead of American Express at its U.S. stores on April 1, 2016.