The validity period of credit cards is generally 3 to 5 years.

Generally, before a credit card expires, the bank will mail a new credit card to you based on your billing address. Therefore, if your address changes, you must notify the bank in advance, otherwise the credit card will be lost by then. have no idea.

Of course, when your credit card is about to expire, you can choose to cancel it or continue to use it. The bank will mail you a new credit card. The new credit card limit is generally the same as the old card limit, and The points from the original credit card will be transferred to the new credit card. Once the new card is activated, the old card will become invalid.

Extended information

In April 2016, the People's Bank of China issued the "Notice of the People's Bank of China on Matters Concerning the Credit Card Business", which came into effect on January 1, 2017.

The "Notice" requires the implementation of upper and lower limit management on credit card overdraft interest rates. The upper limit of overdraft interest rates is 5/10,000 daily interest rates, and the lower limit of overdraft interest rates is 0.7 times the daily interest rate of 5/10,000ths.

Mainly based on the following considerations: First, the implementation of step-by-step and gradual reforms will help card issuers further accumulate pricing data and experience during the transition period, and guide them to improve the credit card interest rate pricing mechanism.

Second, the credit card risk control and pricing capabilities of each card issuer are uneven. The upper and lower interest rate guidance will help prevent individual card issuers from blindly cutting prices and engaging in price wars, resulting in unfair competition and high-risk customers. Excessive borrowing will increase credit risks and cause partial chaos in the market.

Third, while the information disclosure mechanism needs to be strengthened, setting an upper limit on overdraft interest rates will help prevent individual card issuers from unreasonably charging excessive interest and protect the legitimate rights and interests of cardholders.

Baidu Encyclopedia-Credit Card