Need to be replaced,
1. In order to further improve the security of card use and effectively prevent the risk of counterfeit cards, Bank of Communications will issue UnionPay magnetic stripe certificates in batches starting from May 30, 2015. Upgrade your credit card to a UnionPay chip card.
2. After your UnionPay magnetic stripe credit card (card number starts with 62) expires, Bank of Communications will renew your UnionPay chip credit card for free.
3. If you apply for a replacement (report the loss) of your UnionPay magnetic stripe credit card after May 30, or apply for a new card due to damage to the card, our bank will also arrange for you to replace it with a UnionPay chip credit card. The relevant fees will be Remains unchanged from the original magnetic stripe credit card.
4. After the original magnetic stripe credit card is replaced with a chip card, you can still enjoy the same functions and rights of the original magnetic stripe credit card. It will also have contactless payment and electronic cash functions, which can be used for Provide you with a more convenient and faster payment experience.