Once your credit card reaches its validity period or expiration date, the card will not function anymore, and your payment request will be 'declined'. This is done by the card issuing companies for various reasons.
For one, the chips and plastic of the card get worn out over time. So, replacing it with a new card maintains the card's efficiency. Also, periodically changing the card after it has reached its expiry ensures better fraud prevention. And since this affects the validity of your card, knowing the expiration dates on credit cards can help you plan your finances better.
This post will give you a step-by-step idea of how to check the credit card expiration date.
Card issuing companies make it easy to find the validity or expiration dates on credit cards. Usually, it is mentioned as a validity period in MM/YY format to denote a total period between which the card will remain functional.
The expiration date credit card is usually on the right side of the activation date of the card. You can see it embossed at the front or the back of the cards. Now you may be wondering about the exact day when the card will expire. Since only the months are mentioned, you can rest assured that the card will remain active until the last day of that month.
Usually, credit card issuing companies replace your card automatically after the validity period. It ensures a smooth transition without causing any trouble to the user. For banks, this is easier, as they track your credit card expiration date regularly and process your new card automatically. You can expect your new card to arrive within 30 to 60 days before the expiry date.
Credit cards expire for various reasons, such as wear and tear, fraud prevention, and to update features. It's essential to know the expiration date of your credit card and to get it replaced before it expires to continue enjoying its benefits. Credit card companies usually replace cards automatically before expiration, ensuring a smooth transition for users.
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Yes, and there is a good reason for that. The chip on your credit card gets worn out, and even the plastic body can break after prolonged use for three years. So, the credit card issuing company sends you a new card after the credit card expiration date.
After the expiration dates on credit cards, you cannot continue using the cards for purchasing. They will not work in online or physical stores, and you will get a "declined" message from the issuing company or bank.
