Many cardholders' credit cards are about to expire. The bank sent a text message saying that they will replace the card with a new one one month before the card expires. They want to know if they need to pay off all the money on the old card to replace the new card. After all, some cardholders had installment plans on their old cards and did not have enough money to repay them. In fact, there is no need to worry about this at all, because when you change to a new card, the information on the old card will be transferred to the new card, as will the debt information. Let’s find out together below.

Do I have to pay off all the money for card replacement when my credit card expires? There is no such rule, but it depends on the circumstances. If you plan to continue using the new card, you don’t need to pay it off all at once after you get the new card, because the information on the old card will be transferred to the new card, including bill date, repayment date, debt status, etc. Then you only need to pay it off as normal every month Just repay the money, no need to pay it off all at once. And if you don’t plan to continue using the card, you can call the bank and ask the bank not to replace it with a new card. You have to pay off the old card in advance, otherwise it will be overdue and affect your personal credit. In other words, whether you have to pay off the credit card when it is due depends on whether you continue to use the card.

In addition, when replacing a credit card when it expires, you need to pay attention to the following matters: 1. Generally, one month before the credit card expires, most banks will send you the new card to fill in when you apply for the card. If the work unit changes, it is recommended to contact customer service and change the delivery address to your residential address to avoid delays in collecting the card. 2. You must activate the credit card before you can use it. If you do not activate it, the old card will continue to be used until it expires on the last day of validity. And if you activate the new card immediately after getting it, the old card will become invalid immediately after the activation is successful. You'd better cut the old card directly to ensure the safety of using the card.