Will credit cards still expire?

At present, the validity period of credit cards is generally between 3-5 years, but some banks' credit cards have a validity period of up to 8 years. For example, the validity period of China Guangfa Bank's credit card is 5 years, while the validity period of China Construction Bank's Wumart Credit Card is 8 years. Therefore, we must pay attention to this when we apply for a credit card. Before the expiration of the validity period, if the cardholder does not notify the bank to terminate the use of the card and handle cancellation procedures, the bank will automatically issue a new credit card to the cardholder. Before the card expires, the bank will remind the cardholder through phone calls, text messages, and emails. In the process of remaking a new card, multiple procedures such as verifying information, mailing a new card, and re-opening are required. Although these procedures are not included in the card replacement process, It plays a security role, but it also requires a lot of communication costs between the bank and the cardholder. For banks, every time a card is issued, it is a loan. If the cardholder loses the card and forgets to report the loss, or the cardholder has maliciously overdrafted for a long time, or even has a credit card after the cardholder dies. The phenomenon of fraudulent use will lead to the formation of "bad debts". In the event that the above situation occurs, the existence of the "validity period" can ensure that the continued loss of money from the bank is stopped in time.

Notes on holding credit cards:

1. Don’t rush to cancel the card if you have a bad credit record

Under normal circumstances, once a credit card is collected, And after completing the account cancellation procedures, there will be no more charges on the card. However, cardholders are reminded not to be "reckless" when canceling their accounts.

Usually banks will check and retain users’ personal credit information within the last two years. If there are bad records before the account is closed, the information will always be at the top and prominently placed, making it easy for the bank to use it as a reference. In this case, it is recommended to continue to use credit cards, develop good repayment habits, gradually accumulate good records, and compress the bad records into a corner until they exit the information records of the past two years.

2. Remember to confirm the expiration of your credit card if it expires

Although many credit card regulations stipulate that credit cards should automatically expire after expiration, there are still some credit cards issued by banks that expire It has not yet been deactivated, which brings economic security risks to cardholders. The card may be found by others and used for fraud after being abandoned, or it may continue to accrue annual fees, or "interest accrue resulting in arrears" and other situations. This situation is due to poor management by the bank, and the cardholder should pay for the arrearage incurred after the credit card expires.

However, cardholders should be reminded that in order to prevent such troubles, it is best to confirm with the card-issuing bank when the card expires and whether the credit card has expired and the expired credit card will be The magnetic strip is cut.

3. Freezing an account and reporting a loss does not mean that there is no need to repay it

Bad records caused by annual fees are in principle first-time records, and you can apply for record elimination. In addition, account freezing, loss reporting, etc. cannot be used as exemption conditions.

Cardholders are reminded that when they want to freeze or report the loss of the credit card they are using, if there is still a balance in the card that needs to be repaid, they must also continue to repay it before the repayment date. . If there is any delinquency during this period, it will also be applied for entry as bad credit information. [img]

I have had a credit card for four years and have never used it. Will it expire?

Yes. Credit cards are valid and can be used within the validity period. If the validity period expires, they cannot be used anymore. A Bank of China credit card becomes invalid after it expires. You can apply for a replacement card after expiration. 1. If you choose "Automatic card replacement" when applying for a card, then the system has already replaced the new card, and you only need to bring your ID card information to the bank to get the card; 2. If you do not choose "Expired" After "automatic card replacement", you can first call Bank of China Telephone Banking (95566) to check the card replacement status, and then go to the counter of the Bank of China business hall to apply for a new card.

Do credit cards expire?

It will expire. Credit cards have expiration dates.

Take Shanghai Pudong Development Credit Card as an example:

The expiration date of the validity period will be marked on the front of the card. Different banks have different validity periods. The bank shall prevail.

Extended information:

Commonly used terms for credit cards:

1. Credit limit:

It is given to you after approval by the center With a quota, you can make purchases and withdraw cash within the quota amount.

This credit limit is shared in US dollars and RMB*, and is shared exclusively with principal and supplementary cards.

2. Cash withdrawal limit:

This is the maximum amount of cash that the center has approved for you to withdraw through this card. The cash withdrawal limit is included in the credit limit.

3. Available limit:

It is the credit limit in your card that has not been used. After each consumption or cash withdrawal, the available limit will be reduced accordingly, but after each repayment, your available limit will be restored accordingly. You can check your exact available quota through the 24-hour customer service hotline, or you can use the following formula to calculate the available quota for your reference.

4. Interest-free period:

Available credit limit = credit limit approved by the center - outstanding balance on bills that have not yet been paid - transaction amount that has not been recorded but has occurred - other related interest ,cost.

Reference materials:

Pudong Development Credit Card Center-Special Noun

Pudong Development Credit Card Center-Credit Card Illustration

Will credit cards expire?

The validity period of a credit card is generally three to five years. If your credit card expires, you can directly call the credit card customer service hotline to ask about changing the credit card. The bank customer service will tell you the specific steps.

In fact, the validity period of the credit card is marked under ++. Generally, after the English word "date", it consists of two sets of numbers and a slash. For example, 06/24 means that the credit card is valid until June 2024. The user can change the credit card one month before expiration.

If personal information has changed during the use of a credit card, the user can proactively call the bank’s customer service hotline and tell the bank his current mobile phone number and mailing address, and the bank will provide the user with the new address. Send a new card in the mail.

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.

Credit cards stipulated in the relevant laws of our country ("Interpretation of the Standing Committee of the National People's Congress on Relevant Credit Card Regulations") refer to credit cards issued by commercial banks or other financial institutions with the functions of consumption payment, credit loans, transfer settlement , cash deposit and withdrawal and other full or partial functions of the electronic payment card.

On December 1, 2017, the "English Translation and Writing Standards in the Public Service Field" was officially implemented, stipulating that the standard English name of credit cards is CreditCard.

Credit card consumption is a non-cash transaction payment method. There is no need to pay cash when consumption, and repayment will be made on the billing date (BillingDate).

Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.

Starting from January 1, 2021, the credit card overdraft interest rate will be determined independently by the card issuer and the cardholder through independent negotiation, and the upper and lower limit management of credit card overdraft interest rates will be cancelled. The daily interest rate is 0.7 times 5/10,000). On May 25, 2021, the Supreme People's Court issued and implemented the "Regulations of the Supreme People's Court on Several Issues Concerning the Trial of Bank Card Civil Cases".

How many years is the validity period of a credit card?

The validity period of a credit card is generally around 3 or 5 years. After the validity period, the credit card cannot be used. Generally, it can be seen on the bank credit card. Validity period. Bank credit cards may use English markings to indicate the validity period of the credit card, or Chinese markings to indicate the validity period of the credit card.

The expiration date of a credit card is generally below the ++ on the front of the credit card. It usually consists of four numbers and a slash, such as 10/19, which means that the credit card will be invalid by the end of October 2019. If the newly applied credit card has not been activated, it will not be activated and used after the expiration date.

After the validity date of your credit card expires, if you want to continue using it, you can contact the bank to replace it with a new card. The new card can only be used after activation. After activation, the billing date and repayment date will not change, and the functions of the original card will be retained. Inherited.

Note: Although the credit card will automatically expire if you do not activate it, many high-end credit cards will incur annual fees even if they are not activated. If you forget to pay the annual fee, it will become overdue, and it will also be uploaded to the credit reference center, so A bad record will affect future loans to buy a house or a car.

There are many ways to activate credit cards, such as phone activation, counter activation, online activation, etc. Among them, calling the phone to activate is more convenient. After calling the phone, you will be transferred to the manual service, and the staff will verify the message. It will be activated, and the customer service phone number is open 24 hours a day, so you can activate it at any time.

The emergence of credit cards has indeed brought convenience to our lives.

This is the end of Zhihu’s introduction on Will Credit Cards Expire and Will Credit Cards Expire? Have you found the information you need?