How long is the validity period of a credit card?
The validity period of a credit card is generally three to five years, and the validity period starts from the day the credit card is issued. The expiration date of the credit card is clearly marked on the face of the credit card.
The validity period of a credit card is generally listed below the credit card. The standard format is month first and date last. For example, if the credit card shows 08/16, it means that the credit card is valid in August 2016.
If the current credit card is reissued, the validity period will be the same as the original one, but if it is re-applied, the specific date will be on the current credit card.
Extended information
A credit card is generally a special carrier plastic card with a length of 85.60 mm, a width of 53.98 mm, and a thickness of 1 mm. The name of the card issuer, validity period, number, and card holder are printed on the front. There is a chip, magnetic strip, and signature strip on the back. Cardholders can use their credit cards to shop and spend money with special entities and deposit and withdraw cash from banks.
Credit cards are divided into credit cards and quasi-credit cards. Credit cards refer to credit cards in which the cardholder has a certain credit limit and can consume within the credit limit and then repay; quasi-credit card It refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund as required. When the reserve account balance is insufficient to pay, the cardholder can overdraw within the prescribed credit limit. The so-called credit card generally refers to a credit card only.
Baidu Encyclopedia - Credit Card
How many years is the validity period of a credit card?
The validity period of a credit card is generally about 3 or 5 years. After the validity period, the credit card cannot be used. Under normal circumstances, you can see the expiration date on your bank credit card. Bank credit cards may use English markings to indicate the validity period of the credit card, or Chinese markings to indicate the validity period of the credit card.
The expiration date of a credit card is generally located at the bottom of the front of the credit card. It usually consists of four numbers and a slash, such as 10/19, which means that the credit card will be invalid by the end of October 2019. If the newly applied credit card has not been activated, it will not be activated and used after the expiration date.
After the validity date of your credit card expires, if you want to continue using it, you can contact the bank to replace it with a new card. The new card can only be used after activation. After activation, the billing date and repayment date will not change, and the functions of the original card will be retained. Inherited.
Note: Although the credit card will automatically expire if you do not activate it, many high-end credit cards will incur annual fees even if they are not activated. If you forget to pay the annual fee, it will become overdue, and it will also be uploaded to the credit reference center, so A bad record will affect future loans to buy a house or a car.
There are many ways to activate credit cards, such as phone activation, counter activation, online activation, etc. Among them, calling the phone to activate is more convenient. After calling the phone, you will be transferred to the manual service, and the staff will verify the message. It will be activated, and the customer service phone number is open 24 hours a day, so you can activate it at any time.
The emergence of credit cards has indeed brought convenience to our lives.
How many years is the credit card valid for? Do you want to change the card?
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
How long is the validity period of a credit card?
1. The validity period of some bank credit cards
The validity period of Bank of Communications and Industrial Bank is 5 years, and the validity period of China Guangfa Bank, Industrial and Commercial Bank of China, Bank of China, China Merchants Bank, and Citibank is 3 years. Minsheng Bank, Agricultural Bank of China, and CITIC Bank have different regulations depending on the card type.
2. When your credit card expires, you should replace it with a new card
When your credit card expires, you should replace it with a new card. Different banks have different regulations regarding the annual fees charged for new cards.
When a China Merchants Bank cardholder changes to a new card, no annual fee will be charged as long as the card has not been activated. The annual fee for the new card will be subject to the same preferential policies as for the old card. The annual fee will be waived in the first year of activation, and the annual fee will be waived for the following year by swiping the card 6 times.
China Construction Bank stated that if the credit card has been activated before, the new card will only be used as a "replacement" and the annual fee will be charged as usual.
This is the end of the introduction about how long is the validity period of a credit card and how long is the validity period of a credit card? Have you found the information you need?