The date on the front of the credit card is the expiration date of the credit card.

The role of credit card limited period:

1. Cards will wear out

Any card has a lifespan. After experiencing a certain amount of wear and tear, , it will be damaged to some extent, so after a period of time, you need to replace the card with a new one to ensure that you can use the card normally.

2. Functions need to be updated

In order to provide cardholders with better experience and services, card functions will also be constantly updated, such as from magnetic stripe cards to chip cards. Updated, the security performance has been greatly improved, greatly reducing the possibility of credit card fraud.

3. Risk assessment

In addition to the card itself, the bank also needs to re-assess the risk of the cardholder. The financial resources and work of the cardholder will continue to change. Banks To reduce risk, cardholders need to be assessed.

4. Reduce risks

For cards that have been idle or lost for a long time, the longer the validity period, the greater the chance of fraud and the higher the risk.

5. Adding protection

In addition to the above, setting the validity period also has the function of adding a layer of protection. Because when paying online, you sometimes need to enter sensitive information such as the expiration date and the last three digits. An additional verification will also provide additional security.

Extended information:

Disadvantages of credit cards:

1. Blind consumption

Swiping a card is not like paying cash one by one. When you spend money, you just swipe it and feel nothing, just a few numbers, which leads to blind consumption and money flowing like water.

2. Excessive consumption

Installation for laptops, digital cameras, and smartphones. While enjoying your favorite items in advance, you must also consider whether you are able to repay them.

3. High interest rate

If you do not know how to take care of your credit card and cannot repay the loan as scheduled when the final payment date arrives, the bank will charge high interest rates. (The minimum repayment for the first month of a credit card shall not be less than 10% of the overdraft amount of the month)

4. Annual fees are required

Credit cards basically have annual fees, but Basically, there is a policy of waiving annual fees. For example, China Construction Bank only needs to swipe the card three times a year to waive it; but if the card is not swiped the number of times specified by the bank in a year, an annual fee will be charged.

Baidu Encyclopedia-Credit Card

People's Daily Online-The credit card has expired. Should I reschedule or apply for a card? (Financial Consultant)