After the credit card expires, it will automatically become invalid and can no longer be used, but the bank will not automatically cancel the card.

The bank will usually contact the customer about two months before the card expires and ask if the customer wants the bank to send a new card. If the customer agrees to renew the card, the bank will mail the new card before the card expires. To the customer, after the old card expires, the customer can activate the new card for use.

Unless the customer no longer intends to use the new card, he or she can explain to the bank that the bank does not want the bank to send a new card, and then apply to cancel the card, and the bank will help cancel the card.

If you want to cancel your card, you need to pay attention. The card must have no bill arrears and no overpayments before it can be canceled successfully. Therefore, before canceling a card, it is best for customers to check their card to see if there are any unpaid bills or excess overpayments.

If there is one, you need to pay off the bill or withdraw the overpayment first, and then you can cancel the card.

Whether you no longer use the new card and cancel the card directly; or ask the bank to send a new card and use the new card after the old card expires, everyone must remember to remove the magnetic strip after the card is no longer used. Cut it off to prevent personal information from being leaked and causing security risks.

Credit cards, also called credit cards, are credit certificates issued by commercial banks or credit card companies to consumers with qualified credit. It takes the form of a card with the issuing bank's name, validity period, number, cardholder's name and other contents printed on the front, and a magnetic stripe and signature strip on the back. Consumers holding credit cards can shop or consume at specially designated commercial service departments, and then the bank will settle the accounts with merchants and cardholders. Cardholders can overdraft within the prescribed limit.

Main features

1. Credit card is one of the fastest growing financial services today. It is an electronic currency that can replace traditional cash circulation within a certain range;

2. Credit cards have both payment and credit functions. Cardholders can use it to purchase goods or enjoy services, and can also obtain certain loans from card issuers by using credit cards;

3. Credit cards are high-tech products that integrate financial services and computer technology.

4. Credit cards can reduce the use of cash;

5. Credit cards can provide settlement services, facilitate shopping and consumption, and enhance a sense of security;

6. Credit cards It can simplify the collection procedures and save social labor;

7. Credit cards can promote product sales and stimulate social demand.

Financial Management Strategy

1. Control the number of credit cards and only have enough.

Once there are too many credit cards, it is easy to make mistakes or forget the repayment date of the card. Issues such as the credit limit of that card are difficult to manage and can easily lead to late repayments and leave a bad record. Moreover, if you swipe multiple cards to earn points, the points will be too scattered, which is not conducive to redeeming gifts. Therefore, it is recommended that only 1 to 2 credit cards are enough.

2. Keep the credit card receipts

Most credit card holders do not care about the receipts and will not keep them. Most of them throw them away. This is a very bad habit. In fact, retaining credit card vouchers not only facilitates the monthly summary of consumption records to analyze and optimize consumption habits, but also helps improve the rationality and transparency of credit card consumption, so that the card can be swiped clearly. Moreover, many people do not set passwords on their credit cards, and carelessly discarding the credit card credentials may lead to credit card theft.

For security reasons, it is best to keep the credit card receipt after swiping the card to make yourself aware of it and develop good credit card financial management habits.