Wells Fargo, Chase, SunTrust Cancel Debit Rewards Program

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Originally Published on March 28, 2011.

And the damage continues:


March 26, NEW YORK (CNNMoney) — Debit card rewards programs are vanishing at several major banks.

Wells Fargo said Friday that it will no longer offer its debit rewards program for new customers. This will go into effect March 27 at Wachovia and April 15 at Wells Fargo (WFC, Fortune 500), while existing customers will remain unaffected for the time being.

JPMorgan Chase (JPM, Fortune 500) notified existing customers last week that their debit rewards programs will disappear July 19. The bank eliminated debit rewards for new customers in February.

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Last modified: September 28, 2013
Sean Murray

Category: Debit Cards, Merchant Processing, MPR Authored

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