Friday, March 11, 2011

$50 or $100 Spending Limit Coming to Debit Cards? Those Bankers Are at it Again

Declined! Your debit card may soon be denied for purchases greater than $100 -- or even as little as $50.

JPMorgan Chase, one of the nation's largest banks, is considering capping debit card transactions at either $50 or $100, according to a source with knowledge of the proposal. And the cap would apply even if you run your debit card as credit.'


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