Why are credit cards still valid? Three minutes to reveal the validity period of credit card

As we all know, the validity period, CVV2 code and mobile phone verification code are also called the three elements of credit card security, which play an important role in the use of credit cards and cannot be ignored. However, many card friends don't know what the validity period is, how long it will take, and how to deal with credit cards beyond the validity period. Here, I will introduce them to you one by one.

What's the use of credit card validity?

1, to ensure the safety of using the card: Many card friends know that when paying online with a credit card, you must enter the correct CVV2 code, card validity period and verification code before you can pay. This requirement is to ensure the security of the card and avoid the loss of your funds caused by the theft of the credit card.

2. Ensure that the card can be used normally: All credit cards have built-in chips, and some chips have magnetic stripes. If the card is used once, there will be problems such as degaussing, the chip can no longer be used, or the card is worn out, so the validity period will be set, so that you can replace the new card in time to ensure the normal use of the card.

So, how long is this validity period?

Credit cards are valid for 3 years, 5 years, 8 years, or even 10 years, and the validity period of each bank credit card is different. But it is usually marked on the credit card in a certain format. There are two common validity formats:

1, "MM/YY": the first two digits are the expiration month and the last two digits are the expiration year. This directly tells you when it will expire, and it needs to be combined with the date of nuclear card to infer the validity period;

2. Effective from MM/YY to MM/YY: the card approval date comes first, followed by the expiration date. This directly subtracts the verification date from the validity period, which is the validity period of the card.

For example, your credit card is valid in MM/YY format, 09/22, which means that the credit card is valid until September 2022, and you don't need to use it after September.

What if the credit card expires?

Generally, about 2 months before the card expires, the bank will send a short message to remind the card to expire. If you don't ask the bank to terminate the card, the bank will issue you a new card within one month after the card expires. After receiving the card, you can continue to use it. Generally, the new Kaka number is the same as the original Kaka number, but the validity period and the following CVV2 code will change.

There are several points to pay attention to when changing cards due:

1, the new card will usually be sent to your original card receiving address. If the address changes, you should contact the credit card center of the issuing bank in time to make the change;

2. The old card cannot be used after it expires. After receiving the new card, it must be reactivated, and the inquiry password and transaction password can be set before it can be used.

The above is "Why is the credit card still valid?" Three minutes to reveal the validity of the credit card. Finally, I would like to remind you that you must activate your credit card within the specified time after you get it, usually within 3 months after you check it. Otherwise, this card will be cancelled by the bank even if it is not activated when it expires.