17 Jan 2015

A credit card that is no longer useable because its expiration date has passed. An expired card would be rejected if a consumer tries to use it to make a purchase. In reality, it may continue to work, so consumers should shred their expired credit cards rather than simply throwing them in the trash to prevent a thief from attempting to use them.

When a credit card company issues a credit card to a consumer, it will have a four-digit expiration date, which is printed usually on the front of the card. For example, a card that expires in November 2019 will have an expiration date of 11/19. Though no day is specified, the card will not expire until the last day of the month. The credit card company will send the consumer a new card with a new expiration date several weeks before the existing card expires, assuming it wants to keep the consumer as a customer. The new card will usually have the same account number as the expired card, but a different expiration date and three-digit CVV code.

If you have an expired card, or a nearly expired card, and haven’t received a replacement yet, call the number on the back of the card to ask your issuer for a replacement card. It’s possible that the issuer forgot to send a new card, or that it did send a new card, but it was lost or stolen, in which case the issuer can cancel that card and issue a new one.

If credit card companies usually send consumers new cards when the expiration date is approaching, why do they bother with expiration dates at all? One reason is that cards wear out over time; the magnetic strip can become unreadable and the information printed on the card can become hard to read. Another reason is that it gives the creditor a chance to interact with the customer and possibly sell him or her an additional financial product.

Covid-19 – Johns Hopkins University

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