How long is the validity period of a credit card?

The validity period of ICBC credit cards is generally 3 to 5 years. Some chip cards may be valid for 8 years, and the longest period shall not exceed 10 years. The specific regulations are as follows:

1. Credit card: The maximum validity period for magnetic stripe cards is 5 years, the maximum validity period for UnionPay single-logo chip cards is 10 years, and the maximum validity period for dual-brand cards processed through 11 methods is 10 years. 8 years, except for special card types;

2. Quasi-credit card: generally 5 years.

The card validity period is clearly marked on the credit card face. The credit card validity period is generally marked below the credit card. The format is "month/year". The first two digits are the month and the last two digits are the year. , you can check the card's expiration date by looking at the information printed embossed on the card. For example: 11/24, the front refers to the specific month, and the latter refers to the specific year, which means that the credit card is valid until November 2024. Starting from November 2024, the credit card will become invalid.

What is the use of setting the validity period of a credit card?

Many people do not understand that the purpose of a credit card is to facilitate people to use it for consumption. Doesn’t setting an expiration date increase the trouble of using the card? In fact, it is necessary to set the validity period for the following reasons:

1. Ensure the normal use of the credit card. First of all, credit cards have a service life. Usually credit cards will experience daily wear and tear. Especially if the credit card is placed together with keys or some sharp metal, it is more likely to be hindered from using the credit card. Secondly, credit cards will accumulate dirt as they are used, which will cause certain damage to the credit cards. Setting the validity period of a credit card allows the cardholder to proactively go to the bank to replace the card with a new one after the card expires, thereby ensuring the normal use of the credit card.

2. Increase the security of credit cards, reduce risks, and prevent theft. Nowadays, people are accustomed to a "cardless and cashless" life. Many people will not carry their credit cards with them. If the credit card is not properly kept, it will Unscrupulous people may use counterfeit cards or forge them to steal money, which increases the financial risk of cardholders. The validity period setting of credit cards can cause some forgotten credit cards to automatically expire, thereby losing potential financial risks.

3. System upgrade. Banks will upgrade the functions of credit cards, and setting the validity period will enable people to replace new cards in time, increasing the functions and security of the cards.

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 located at the bottom of 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.

How many years is the credit card valid for? Do you want to change the card?

The validity period of credit cards is generally 3 to 5 years.

Generally, before a credit card expires, the bank will mail a new credit card to you based on your billing address. Therefore, if your address changes, you must notify the bank in advance, otherwise the credit card will be lost by then. have no idea.

Of course, when your credit card is about to expire, you can choose to cancel it or continue to use it. The bank will mail you a new credit card. The new credit card limit is generally the same as the old card limit, and The points from the original credit card will be transferred to the new credit card. Once the new card is activated, the old card will become invalid.

Extended information

In April 2016, the People's Bank of China issued the "Notice of the People's Bank of China on Matters Concerning the Credit Card Business", which came into effect on January 1, 2017.

The "Notice" requires the implementation of upper and lower limit management on credit card overdraft interest rates. The upper limit of overdraft interest rates is 5/10,000 daily interest rates, and the lower limit of overdraft interest rates is 0.7 times the daily interest rate of 5/10,000ths.

Mainly based on the following considerations: First, the implementation of step-by-step and gradual reforms will help card issuers further accumulate pricing data and experience during the transition period, and guide them to improve the credit card interest rate pricing mechanism.

Second, the credit card risk control and pricing capabilities of each card issuer are uneven. The upper and lower interest rate guidance will help prevent individual card issuers from blindly cutting prices and engaging in price wars, resulting in unfair competition and high-risk customers. Excessive borrowing will increase credit risks and cause partial chaos in the market.

Third, while the information disclosure mechanism needs to be strengthened, setting an upper limit on overdraft interest rates will help prevent individual card issuers from unreasonably charging excessive interest and protect the legitimate rights and interests of cardholders.