Inside these posts: Debit card limits

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JPMorgan mulls $50 cap on debit card purchases

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 $50 or $100, according to a source with knowledge of the proposal.

Why? Because of interchange fees. Get the full story »