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.
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.