When Does a Credit Card Expire and What Happens Next?
Understand the full lifecycle of your credit card's expiration. Learn about renewals, replacements, and managing your accounts for a smooth transition.
A credit card expiration date indicates the month and year after which a physical credit card is no longer valid for use. This date serves multiple purposes, including ensuring the security of transactions and the functionality of the card over time. Understanding this feature is important for cardholders to maintain uninterrupted access to their accounts.
Understanding Credit Card Expiration Dates
The expiration date on a credit card is found on the front or back of the card, usually beneath the 16-digit card number. It is displayed in a two-digit month and two-digit year format, such as “MM/YY” or “Valid Thru MM/YY.” For example, a card marked “08/28” can be used until the last day of August 2028.
Credit cards have expiration dates for multiple reasons, including enhanced security and promoting the replacement of worn-out cards. The date provides an additional data point, alongside the card number and security code, to help prevent fraudulent charges, especially for online or phone transactions. It also addresses physical wear and tear from regular use, which can degrade the magnetic stripe or chip. Expiration dates also allow card issuers to regularly update card technology, ensuring cardholders benefit from the latest security features.
The Card Replacement Process
Credit card issuers manage the replacement process automatically when a card approaches its expiration date. Cardholders receive a new card in the mail without needing to request it. This new card is sent two to four weeks before the existing card’s expiration month. Some card issuers aim for delivery by the 20th of the expiration month.
The replacement card carries the same account number but features a new expiration date and security code (CVV). Cardholders should ensure their mailing address is current with the issuer to avoid delays in receiving the new card. If the replacement card does not arrive within the expected timeframe, cardholders should contact the card issuer’s customer service department to inquire about its status.
Managing an Expired Card
Once a new credit card arrives, cardholders should activate it promptly. After activation, update any recurring payments or subscriptions linked to the old card details. This includes services like streaming platforms, utility bills, gym memberships, and online shopping accounts where card information is stored. Failing to update these details can result in declined transactions and potential service interruptions.
The old, expired credit card should be securely disposed of to prevent unauthorized use. This involves shredding the card or cutting through the magnetic stripe and the embedded chip. Some issuers may provide a return envelope for secure disposal of metal cards. Cardholders should monitor their account statements closely after the transition to the new card to identify and report any unauthorized activity immediately.