Credit cards (debit cards) have become close to people’s daily lives. Many people are using credit cards (debit cards), but many useful and basic information about credit cards (debit cards) have been forgotten by everyone. .

For example, one thing that is different between credit cards (credit cards) and debit cards is that they have a period of use. Before the period of use expires, in order to swipe and use the card normally, it needs to be replaced by the card issuer.

So why does a credit card (credit card) have an expiration date? What should I do if it expires? After your credit card (debit card) expires, these steps are critical and can help you reduce a lot of trouble.

01

How to check the expiration date of a credit card (credit card).

Once the validity period of a credit card (credit card) expires, you cannot use the card to make purchases, and the card must be sent back to the bank, otherwise you will have to pay an annual credit card (credit card) fee every year. It is not difficult to check the validity period of a credit card (debit card). One way is to look at the paper in the credit card (debit card) mail sent by the bank to you. It has your bill date, repayment date and credit card (debit card) marked on it. term, and the specific expiry date.

Another way is to find a number with "/" on the face of a credit card (credit card), such as 05/23. The number after this number represents the year and the one in front represents the month, because credit cards (credit cards) Card) is imported from abroad, and the markings are also in accordance with foreign conventions. So 05/23 means that the expiration date of credit cards (credit cards) is in May 2023. Generally speaking, the expiration dates of credit cards (credit cards) issued by major banks in my country are 3 to 5 years. , if you want to know the specific date, you can call the bank staff or go to the bank counter for consultation.

First: Adjust the credit card (credit card) limit.

Everyone knows that increasing the limit of a credit card (debit card) does not happen overnight. In many cases, you need to apply to the bank. Some people will not do it if they find it troublesome. After the credit card (credit card) expires, the bank will reissue the card to you. At this time, it will make a new limit adjustment based on your past consumption records, current financial capabilities, and personal credit information. As long as you don't use your credit card (debit card) maliciously, such as overdue fees, the bank will usually increase your limit and upgrade the card. After you see the cool card, you will be happy and have the desire to spend, and the bank will be happy too.

Second: Improve the security of credit cards (debit cards).

When using a credit card (credit card), if you are not careful, it can easily cause the credit card (debit card) to be stolen. However, when the credit card (credit card) is swiped on the POS machine and bound to the credit card (credit card) software, it needs to be verified for a limited period, further verifying the security. Moreover, after the limited period expires, consumption will be refused, which can prevent card thieves from continuing to act recklessly. In addition, after a credit card (debit card) is used for a long time, the magnetic strip, card number and other related information will be worn out, and the functions are not advanced. After replacement, the use functions of the credit card (debit card) can be increased, which is more convenient for the cardholder. daily consumption.

02

What to do after the credit card (debit card) expires.

Generally speaking, when your credit card (debit card) is about to expire, bank staff will proactively contact you and ask you to change it to a new card. However, it takes time for the bank to readjust the limit, make the card, and send the card back, so it is best for you to contact the card issuer one month in advance and request a replacement card. This is better for cardholders who change jobs or home addresses, and allows the bank to clearly know the cardholder's receiving address. This is crucial as the bank will not cause errors and will not affect the normal use of the card.

During the period between the expiration of the credit card (credit card) and the replacement of the new card, the old card can still be used, but there are still risks. Do not disclose all the card information during the insurance period.

After getting the new card, you can choose to activate it by phone, online banking, etc. After activation, the old card can no longer be used. It is best to cut the magnetic stripe of the old card. The last thing to note is that the credit card (debit card) will be automatically canceled after it expires, but it will only automatically cancel the card and not automatically cancel the account. This means that the card will automatically become unusable, but the account you applied to open at the bank It's still there. If you want to cancel, you need to apply for it yourself.

Protecting all credit card (credit card) information is the safest way to use the card. It is best not to disclose card-related information when using a credit card (credit card) to protect yourself. property security. At the same time, although credit cards (debit cards) can make you happy with sales, you must also consume rationally, repay on time, and do not overdue!