Debit cards have become an essential part of our daily lives, allowing us to withdraw cash, make purchases, and pay bills with ease. However, have you ever wondered why debit cards have an expiration date?
In this blog post, we will explore the reasons why debit cards expire and what you need to do to renew an expired card. We will also discuss the various methods you can use to renew your debit card, including internet banking, contacting customer care, and visiting the bank in person.
Why can’t debit cards last a lifetime? Just like SIM cards, debit cards also undergo technology upgrades every few years. New features and functionalities are introduced to debit cards when the existing ones are replaced with new ones. More importantly, over time, advanced security measures are designed and integrated into the cards to fix any vulnerabilities that can lead to fraud. Setting expiration dates, thus, reduces the risk of falling prey to scams and helps you have a card that is safe, convenient and up-to-date with the latest technology.
Renewing an expired ATM or debit card is easy if you prepare beforehand. Bring a valid government-issued ID and proof of your current address, such as a utility bill or bank statement. Provide details of your expired card, including the card number, expiration date, and CVV, to help the bank link the renewal process to your account and update your information.
Here are some ways to renew an expired debit card:
The expiry date is usually clearly indicated on the card. Here’s how to identify it:
Debit cards expire to make way for new technology upgrades, features, and security measures that protect against fraudulent activities. By renewing an expired debit card through online banking, customer care, or visiting the bank in person and keeping your identity proof, address proof, and debit card details handy, you can continue to enjoy the convenience of cashless transactions without any inconvenience.
The Fi-Federal co-branded debit card provides a range of features that cater to your needs. You can enjoy zero Forex charges on select plans, make contactless payments using the 'Tap and Pay' feature, and set transaction limits from the app. The card also offers a variety of deals from top brands in food, shopping, travel, and entertainment. For added convenience, you can effortlessly freeze or unfreeze your card from the app, making it an ideal choice for those who want to stick to a budget. Moreover, there are no annual fees for the Debit Card — if you are on the Infinite plan or a Fi Salary Program user. If you are a Plus or Standard Plan user, it's ₹299+GST.
Yes, you can renew your expired debit card online by logging in to your bank portal, going to the debit card section, filling in the required details, and waiting for the new card to arrive at your registered address.
If an ATM card expires, you won’t be able to use it for any purchases. You will have to speak to the bank’s representative to request a new debit card.
