The credit card can no longer be used after its expiration date. When a credit card expires, the validity period of the old card cannot be extended. You must receive a new card before you can continue to use it.

If the bank sends a new card to the user before the credit card expires, the old card will become invalid after the user activates the new card, and the user can use the new card normally. If the bank does not send a new card, the credit card cannot be used after it expires. The user can apply to the bank and ask the bank to send a new card to the billing address. If you do not apply for a new card, the old expired card will be automatically canceled by the bank system after a period of time.

The credit card will automatically expire after expiration, but the account will not be automatically closed. If you need to cancel the account, you must call customer service to apply. After applying for cancellation, you can call again to confirm whether to cancel the account 45 days after the formal cancellation.

Why do we need to set a validity period?

First, cards will wear out

Any card has a lifespan. After a period of time, it will be damaged to some extent, so after a period of time, it is necessary to Replace with a new card to ensure that you can use the card normally.

Second, functions need to be updated

In order to provide cardholders with better experience and services, card functions will also be constantly updated, such as from magnetic stripe cards to chip cards. The update has greatly improved the security performance, greatly reducing the possibility of credit card fraud.

Third, risk assessment

In addition to the card itself, banks also need to re-assess the risk of cardholders. The financial resources and work of cardholders will continue to change. In order to reduce risks, banks need to evaluate cardholders.

Fourth, add protection

Setting the validity period also has the effect of adding a layer of protection. Because when we pay online, we sometimes need to enter sensitive information such as the expiration date and the last three digits. An additional verification is also more secure.

What should I do after my credit card expires?

1. Contact the card-issuing bank one month in advance to apply for credit card renewal, otherwise the card will not be usable after it expires. It also takes time for the bank to produce and send new cards, so it is best to replace them in advance.

2. Activate the new card in a timely manner. The old card can still be used after the credit card expires and is successfully renewed. The old card will become invalid after the credit card expires or the new card is activated. Therefore, be sure to activate new cards promptly. Cardholders can choose to activate their credit cards through various methods such as phone activation, official website activation, and online banking activation.

3. The old card must be cut off in time. The old card may still be stolen and swiped. During the insurance period, the old card must be cut off in time after the new card is activated.