In life, many friends don’t know how to enter the validity period of a credit card. Let’s take a look together.

How to enter the card validity period

The format of the credit card validity period is YY/MM (month/year), YY=year; MM=month. For example, 07/18 is July 2018, look for (07/18) on the card.

The validity period of the credit card is clearly marked on the card. The validity period of the credit card is generally listed below the credit card number. The standard format is the month first and the year last. For example: 11/18 means 11/18. Your credit card is valid until November 2018. The vast majority of credit cards issued by domestic banks are valid for three years, starting from the day your credit card is approved.

Several benefits of credit card validity period

1. Conduct risk assessment on cardholders

Generally speaking, the validity period of credit cards is generally 5 to 8 years , during this validity period, as long as the cardholder uses the card normally, he can use it until the end of the validity period. Then the bank will re-evaluate whether the cardholder has financial risks and decide whether to issue another credit card to the cardholder.

2. Ensure the safety of card use

Now that online shopping is popular, it is extremely convenient to use credit cards, especially now that many people like overseas shopping. When binding credit cards to third-party platforms, Not only does the cardholder need to enter the credit card number and security code, but also the expiration date to further reduce the risk of being swiped.