When is the credit card valid?
Credit cards used to be valid for three to five years. At present, commercial banks generally provide a five-year validity period, while state-owned banks generally provide an eight-year validity period. Of course, some can last as long as ten years. The setting of validity period can realize the function of filtering. When it expires, the card issuer can check the cardholder again and then decide whether to re-issue, upgrade or downgrade the card for the user.
Why do credit cards have an expiration date?
In fact, there are other reasons besides reviewing cardholders again. Credit cards are different from savings cards. If the credit card has no expiration date, it will be unused or lost for a long time. There is a great chance that someone with ulterior motives will get a credit card and then use it to steal a brush and other crimes. Therefore, once the credit card expires, it can no longer be used, thus playing the role of stop loss.
As a physical card, credit card wear and tear is inevitable. Moreover, at present, the development speed of credit cards is very fast. In the past, there was a big discount on security and function. Therefore, it is very reasonable to set the validity period of credit cards so that users can change them regularly.