Debit cards: $50 spending limit coming?

Posted on March 10th, 2011 Dan

(CNNMoney) — 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.

Why? Because the bankers are here to enslave us, an this is a great way for them to to extract more fees.

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