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.
Samâs Club Takes Advantage of Costcoâs Disastrous Credit Card Swap. After Costco (cost) decided to dump its partnership with American Express (axp) for Visa (v), its' rival Sam's Club has sensed a chance for opportunity. Since the switch, many of the warehouse's customers have found themselves with an unusable credit card when they've made trips to Costco. In response, the Wal-Mart (wmt) owned company announced that it will accept Costco membership cards as a free Sam's Club Card through July 4.