Monday, March 21, 2011

JPMorgan Chase Ending Debit Rewards for Most in July


Bloomberg Businessweek
(from Bloomberg Businessweek on March 21st)
March 21 (Bloomberg) -- JPMorgan Chase & Co. will stop offering debit-card rewards for almost all of its customers in July to reduce losses from a proposed cap on interchange fees.  The company is mailing letters to customers announcing the change, said Tom Kelly, a spokesman for the bank. New York based JPMorgan said in November it would end rewards for new customers in February, while keeping programs for existing clients.  <<read more>>

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