Why is it that the credit card has not actually expired, but it says that the validity period has expired?

The credit card has not actually expired, but the prompt that the expiration date has expired is because you misread the expiration date of the card. Because the validity period on the credit card is displayed in the order of month, day, and year, and we follow the Chinese time order, it is easy to see it as year, month, and day.

What should you do once your credit card expires?

When buying food, you should pay attention to the shelf life, and when buying electrical appliances, you should pay attention to the warranty period? In fact, bank cards also have a similar expiration date. It is the expiration date, but many credit card holders have never paid attention to this issue. So, how much impact does the validity period have on a credit card, and how should cardholders deal with it?

The card will be invalidated immediately upon expiration

According to bank staff, the validity period of credit cards is usually three or five years, and it is clearly marked on the card, such as "validfromxx/xx" , validthruxx/xx" or similar markings, which means that the credit card's validity period is from xx year xx month to xx year xx month. If the expiration date is exceeded, it means that the card can no longer be used.

So, as the validity period is approaching, how should cardholders respond? The reporter learned from the credit card department of a bank that most banks will proactively mail new cards to customers one month before the card expires. However, cardholders need to note that if their mailing address changes, they should call the credit card customer service center in advance to change their mailing address to avoid not receiving the new card. In addition, if you do not receive the new card as scheduled, you should contact the bank promptly and ask the bank to resend the card.

The new and old credit limit remains unchanged

Some cardholders also have doubts about whether the credit limit and functions of the new card will change after card renewal. In this regard, relevant bank staff told reporters that one month before the card expires, as long as the card does not appear to be frozen or other abnormal usage conditions, the bank will proactively mail a new card to the customer, and the new card will be the same as the original card in terms of functions, limits, etc. There will be no change, and the points from the original card will be transferred to the new card. However, it is true that the limit of new cards is reduced. Many banks said that they will always pay attention to the card usage of cardholders and regularly adjust their credit limits accordingly. Cards with few purchases and low credit limits are likely to have their credit limits reduced.

For customers who want to increase the limit of their new card, after receiving the new card, they should first call the customer service number to open the card. As the new card takes effect, the original card will become invalid. Then, submit an application to the bank to increase the limit, and the bank will make appropriate adjustments after verifying the customer's card usage.

If you do not renew the card, you will have to cancel it

Some people may not want to continue using the card because it is inconvenient to use, but remember not to think that the credit card has expired and ignore it. Bank staff told reporters that even credit cards that have never been used within the validity period of the card may still be in arrears due to annual fees. Therefore, in order to avoid creating a bad credit record, cardholders should carefully handle credit cards that are no longer used. , regardless of whether the card has expired, it is best to consult the credit card customer service center to avoid affecting your credit record due to annual fees accumulated year by year. If you want to cancel the card, the cardholder can directly call the credit card customer service number of the relevant bank or bring the relevant materials to the bank branch for processing.

Why does the newly activated credit card (credit card) show that the card has expired when I swipe the credit card (credit card)?

The newly activated credit card (credit card) shows that it has expired when you swipe the credit card (credit card), because the credit card (credit card) has expired. Credit cards (debit cards) must be used within the validity period. If the user does not activate the card for a long time after applying for it, and then activates it when the validity period is about to expire, then he may encounter an expired reminder when swiping a credit card (debit card). . At this time, the user can ask the bank to reissue a new card, receive the new card and activate it, and the user can continue to use the card.

In addition, before a credit card (debit card) expires, the bank will usually send a new card to the user, but if it is activated before expiration, the bank may not send a new card.

What does it mean when a credit card expires?

Credit card expiration means that the validity period of the credit card is about to expire. This validity period is a set of numbers marked on the card, in the format MM/YY, where MM refers to the month and YY refers to the year, that is, the credit card can only be used until YY year MM month, it cannot be used after it expires.

If you want to continue using the card, you don't have to apply for a new card. You just need to get a new card sent by the bank.

What is a credit card?

CreditCard is a credit certificate issued by a commercial bank or credit card company to consumers with qualified credit.

The form of a credit card is a card with the name of the card-issuing bank, validity period, number, cardholder name, etc. printed on the front. Consumers holding credit cards can go to a special commercial service department for shopping or consumption, and then Banks make settlements with merchants and cardholders, and cardholders can overdraft within the specified limit

The earliest credit card appeared at the end of the 19th century. In the 1880s, the British clothing industry developed so-called credit cards, and the tourism and business sectors followed suit. However, the cards at that time could only be used for short-term commercial credit, and the money still had to be paid as and when used. Long-term arrears were not allowed, and there was no credit line. In the 1950s, McNamara, a credit expert in Manhattan, was dining in a restaurant. Since he did not bring enough money, he had to ask his wife to send money over. This made him feel very embarrassed, so he organized the "Diners Club" (English: Diners Club). Members can bring a dining charge card to 27 designated restaurants to record their consumption without having to pay cash. This is the earliest credit card. Franklin National Bank was the first bank to issue a credit card, and other U.S. banks later followed. .

Credit card, also known as credit card, is a non-cash payment method and is a simple credit service. A credit card is generally a plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. It is issued to the cardholder by the bank or credit card company based on the user's creditworthiness and financial resources. The cardholder does not need to pay cash when using the credit card to make purchases. Make further repayments. Except for some credit cards combined with debit cards, general credit cards are different from debit cards and ATM cards in that credit cards will not directly deduct funds from the user's account. In February 2012, the bank confirmed that credit cards without passwords are more secure, and they share the responsibility for any fraud. Enjoy an interest-free period of 25-56 days (or 20-50 days). Card consumption enjoys an interest-free period, and there will be no fees if you pay off the bill before the due date. There is no interest-free repayment period for cash withdrawals. A daily interest rate of 0.05% will be charged from the day of withdrawal, and the bank will also charge a certain percentage of cash withdrawal fees.

Why does the credit card bound to Jingdong show that the card has expired when it is used?

Find the credit card to check whether the subsequent use time has passed the expiration date.

If it has expired, you need to bring your ID card to the card-issuing bank to replace it. After the replacement, you can continue to bind it for use.

Other matters regarding card replacement:

1. China Merchants Bank provides free card replacement service upon expiration; it basically does not affect the use of the card.

2. When the principal card and supplementary card expire, replacement cards will be sent to the billing address of the principal cardholder respectively. When the card expires, the new card will be the same as the old card. Due to reasons such as suspension of issuance of some credit cards, there will be changes when a new card is issued upon expiration. The old card can be used until the expiration date.

3. After receiving the new card, please activate the new card in time. When the replacement card is the same as the old card, the old card will become invalid immediately after the new card is activated and needs to be cut off. The credit card is valid for 5 years. Whether to renew the card will be comprehensively evaluated based on your card usage. You will receive a text message notification two months before the card expires.

Extended information

A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, and card holder are printed on the front. There is a chip, magnetic strip, and signature strip on the back. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.

After experiencing the financial crisis and the ups and downs of the domestic economy, my country's credit card market rebounded in 2016. By the end of 2016, the total number of domestic credit cards issued had exceeded 590 million. In 2016, the national credit card consumption transaction amount reached 741.81 trillion, an increase of 10.75%, and the proportion of credit card consumption in the total retail sales of consumer goods continues to increase.

China’s credit card market is still one of the fastest-growing product lines in China’s personal financial services market. Although the economic benefits of the industry are full of challenges, driven by economies of scale and growth in consumer spending, China’s credit card market will continue to grow in the next 10 years. The average annual growth rate of credit card issuance will remain at around 14%, and profitability will also tend to improve. It is expected that by 2020, the cumulative number of credit cards issued in China will exceed 800 million.

The Guangfa credit card shows that it has expired, but it can be used again in two days. What's going on?

It may be that the credit card has been degaussed.

If your Guangfa Credit Card has expired, you need to replace it with a new card before you can continue to use it. Generally, if your Guangfa Credit Card does not notify Guangfa Bank to terminate the use of the card and handle cancellation procedures before the expiration date, it means that you request to continue to use the card. , the bank will create a new card and send it to you.

If the card is broken or the magnetic strip is damaged, please call Guangfa Bank’s 24-hour credit card customer service hotline to apply for a replacement card and pay the cost of the card. If an emergency card replacement service is required, an emergency card issuance fee will be charged, and the new card can be collected within 1-3 working days.

This is the end of the introduction to why the credit card is displayed as expired.