At present, the validity period of credit cards is generally between 3-5 years, but there are also bank credit cards that are 8 years. For example, the credit card of Guangfa Bank has a five-year term, while the Wumart credit card of China Construction Bank has an eight-year term. So we must pay attention to this when handling credit cards.
Before the expiration of the validity period, if the cardholder fails to notify the bank to terminate the use of the card and go through the cancellation procedures, the bank will automatically issue a new credit card to the cardholder. Before the card expires, the bank will remind the cardholder by phone, SMS, email, etc. In the process of re-making a new card, there are many procedures such as checking information, mailing a new card, and re-opening the card. Although these procedures have played a role in the process of card replacement, they also require banks and cardholders to spend a lot of communication costs.
For banks, every time they issue a card, they borrow a sum of money. If the cardholder forgets to report the loss after losing the card, or the cardholder maliciously overdraws for a long time, even after the cardholder dies, the credit card has been fraudulently used, which will lead to the formation of "bad debts". In case of the above situation, the existence of "validity period" can ensure the bank's money to flow out in time.
How long is the credit card valid?
Like other items, credit cards have a shelf life. General credit cards are valid for 3-5 years. After receiving the card, the date on the card is the deadline. The validity period of a credit card is expressed as month/year, when it expires, such as 10/ 12, 20 12, 10,31.
One month before the expiration of the cardholder's credit card, the cardholder can take the initiative to contact the bank to confirm the expiration of the card, and then contact the bank's customer service for confirmation. The bank will issue a new card to the cardholder. The new card is the same as the original card, but the validity period has changed.
What do you mean the credit card is valid?
Credit cards are generally valid for three to five years, and the validity period is counted from the date of issuance.
The expiration date of a credit card is clearly marked on your credit card. The validity period of a credit card is generally below the credit card, and the standard format is the date of the previous month and the date of the next month.
For example, if the credit card shows 08/ 16, it means that your credit card is valid for August 20 16.
Once the validity period expires, the credit card can only save money for repayment, and cannot continue to withdraw cash by swiping the card.
If your current credit card is reissued, the validity period is the same as the original one, but if it is reissued, the specific date is on the credit card you have now.
As a cardholder, you first need to confirm whether you will use the credit card again. If you continue to use the card, you can contact the bank customer for confirmation. When the card is not frozen and other abnormal situations, banks will generally issue new cards to cardholders. The function and quota of the new card are the same as those of the original card, but the validity period has changed. The new card received must be opened before it can be used.
However, it should be noted that if you don't want to continue using the card, you can call the issuing bank one month before the card expires and ask not to replace the new card, but you must pay off all the debts of the credit card.
If you want to continue to use the card, but the mailing address changes, you can call the issuing bank one month in advance to change the mailing address of the credit card, or update the mailing address on the credit card official website.
In addition, if you don't receive the new card as scheduled, you should contact the bank in time to inquire about the relevant information and ask the bank to reissue the card and send it. After receiving the new card, the cardholder should call customer service to open the card. With the new card coming into effect, the original card will be invalid.
Is it necessary to review and change the credit card after it expires?
1. The credit card expires. If the credit history is good, there is no need to re-examine. Before your credit card expires, the bank will take the initiative to issue you a new card. If you don't want to renew your card, you should call the credit card center in advance, otherwise the bank will automatically issue it to you.
2. After the renewal of the new credit card is successful, the old credit card will automatically become invalid after the new card is activated, and the old card will become invalid. You should break the old card in case the information in it is stolen. As for the new card, transaction password and inquiry password, if they are not changed, they will remain basically unchanged and can be used directly after activation.
3. How long is the service life of a credit card? It depends on the end of the month marked on the card. Cardholders should change their cards before the marked month. If they want to change their cards at the bank counter, they need to bring their ID cards.
Credit card validity period
Basic definition
The validity period of credit card refers to the use period of credit card, which is different from debit card and cannot be used permanently. Generally, the service life of a credit card is 3-5 years, which can generally be seen on the credit card.
Marking mode
The validity period of a credit card is usually printed on the front of the card, and there are two main ways to mark it:
1, English logo: valid from 12/08 and valid until12/1.
This credit card is valid from 65438+February to 201165438+February 2008.
2. Chinese marks: 10/07, 10/ 10.
The date is according to the habits of foreigners, that is, the month comes before and the year comes after. Generally, the smaller year is the card issuance date, and the larger year is the validity period of the credit card.
fundamental function
1. From a physical point of view, credit cards, as a payment medium, are used frequently and will be worn out after long-term use. I believe many card friends have encountered a stuck card. Therefore, regular replacement is necessary;
2. Theoretically, the financial situation of the cardholder is constantly changing. After the credit card expires for three years, the bank can decide whether to continue issuing the card according to the cardholder's use of the card;
3. Reduce or avoid risks: the cardholder forgets to report the loss after losing his credit card; Cardholder's long-term malicious overdraft; After the cardholder died, the credit card was fraudulently used.
Maturity treatment method
Some banks will give cardholders a replacement notice before the credit card expires. For credit cards that are no longer used after expiration, the cardholder can sign the receipt and send it back to the bank within the specified time, and the bank will stop issuing new cards.
In addition, for cardholders who are going to send back the receipt without changing their cards, don't send the credit card in the receipt. In the future, they must show their credit cards when they cancel their cards.
How long is the credit card valid?
ICBC credit cards are generally valid for 3 to 5 years, and some chip cards may be valid for 8 years, and the longest period shall not exceed 10 years. The specific provisions are as follows:
1. Credit card: the maximum validity period of magnetic stripe card is 5 years, the maximum validity period of Unionpay single logo chip card is 10, and the maximum validity period of dual-brand card handled by 1+ 1 is 8 years, except for special card types;
2. Quasi-credit card: generally 5 years.
The validity period of the credit card is clearly marked on the front. The validity period of a credit card is generally marked under the credit card. The format is "month/year". The first two digits are the month and the last two digits are the year. You can check the validity of the card by the information printed on it. For example: 1 1/24, with the specific month in front and the specific year behind, indicating that the credit card is valid until 2024 1 1 month, and the credit card will be invalid from 2024 1 1 month.
What is the use of setting the validity period of credit cards?
Many people don't understand that the meaning of credit card is to make it convenient for people to use when spending. Doesn't setting the validity period increase the trouble of using the card? In fact, it is necessary to set the validity period for the following reasons:
1, to ensure the normal use of credit cards. First of all, credit cards have a service life, and usually credit cards are subject to daily wear and tear. In particular, credit cards with keys or some sharp metals are more likely to hinder the use of credit cards. Secondly, credit cards will accumulate dirt and so on as they are used, which will cause certain damage to credit cards. Setting the validity period of the credit card allows the cardholder to take the initiative to change a new card at the bank after the card expires to ensure the normal use of the credit card.
2. Increase the security of credit cards, reduce risks and prevent credit card swiping. Nowadays people are used to the life of "no card and no cash". Many people don't carry credit cards with them. If the credit card is not kept properly, it will be forged by criminals, which will increase the financial risk of the cardholder. The validity of credit cards can make some forgotten credit cards automatically invalid, thus losing potential financial risks.
3. System upgrade. Banks will upgrade the function of credit cards, and setting the expiration date will allow people to replace new cards in time, which will increase the function and security of the cards.
This is the end of the introduction about the validity period of credit cards and how long the validity period of credit cards is. I wonder if you have found the information you need?