YY=year; MM=month

The date format is month/year, such as: 07/20, which means your credit card is valid for July 2020.

The credit card validity period is printed with the words "VALIDTHRU" under the card number. VALIDTHRU is the expiration date of the credit card, which is the validity period of the credit card. The vast majority of credit cards issued by domestic banks are valid for three years, starting from the day your credit card is approved.

Extended information

The consequences of an overdue credit card:

1. Liquidated damages, usually 5% of the minimum repayment amount and the unpaid part.

2. The interest is high, and the interest is compounded. The interest rate is very scary when the debt is large.

3. Overdue credit records will be stained, resulting in the inability to handle financial needs such as house purchases and loans within the next two years.

4. If the payment is overdue for more than 3 months, and the amount exceeds RMB 10,000, and the bank has failed to pay multiple reminders, you will not only have to bear the repayment, but may also bear criminal liability.

Baidu Encyclopedia: Credit Card