Credit cards have a time limit and will expire when the time limit is up. So what should you do if you still have outstanding balances after your credit card expires? Let’s find out together.

What should I do if there is still a balance due on an expired credit card?

If the credit card holder chooses not to renew or change the card after the credit card expires, then the credit card cannot be used after it expires. Continue to use the credit card for consumption, but this does not affect the cardholder's repayment of the credit card outstanding balance. The cardholder can still repay the credit card balance through mobile banking or bank branches. If the credit card holder changes to a new card after the credit card expires, the bill of the old card will be credited to the new card. After the new card is issued and activated, the card holder can pay the old card through the new card. Make repayments.

In short, regardless of whether the user chooses to change to a new card after the credit card expires, it will not affect the cardholder's repayment of the credit card bill, and all outstanding debts still need to be repaid as agreed. . It's just whether the card is replaced or not that determines whether the cardholder can continue to use the credit card for overdraft consumption. It should be reminded that if the credit card expires and has not been replaced with a new card, the credit card debt cannot be applied for installment repayment or minimum repayment. The cardholder needs to complete the repayment before the last repayment date after the latest bill is issued. . If the installment has already been processed, you can continue to repay it in installments.

Can I still use the credit card after it expires?

After the credit card expires, it cannot be used anymore and you need to replace it with a new card. The bank will contact the cardholder before the card expires and send the cardholder a new card. The cardholder needs to activate the credit card after receiving it. After activation, the information of the old card will be transferred to the new card.

If you do not decide to continue using the card, it is recommended to pay off the debt on the old card and then apply to the bank to end the use of the card one month before the card expires. The bank will not send you a new card. , but your credit card can be used until the expiry date.