The credit card validity period denotes the end of the journey of your existing card. Now, you need a replacement
card to continue purchasing. Your card issuer will reassess your creditworthiness before issuing a new credit card. If
everything about your card usage and repayments is fine, the issuer may send a replacement within your credit card
validity period.
What is Credit Card validity?
Credit card validity refers to the period during which a credit card can be used for transactions. It is important to
note that credit card validity differs from the credit card expiry on the physical card.
The expiration date signifies when the card needs replacement and is linked to a physical card only, not a card
account. The credit card validity period determines how long you can use the card for purchases.
For example, Axis Bank offers a range of Credit Cards to suit various needs
of its customers. Some of these Credit Cards offer zero joining and annual fees. These remain valid until the last day
of the calendar month displayed on the card. This ensures uninterrupted usage within the validity period.
How do you check the Credit Card expiration date?
Finding the credit card expire date on your credit card is simple. It is typically displayed on either the front or
back of the card. It is written in a two-digit month/year format.
For example, if your expiration date reads 11/24, your card will remain active through November 2024.
How are Credit Card expiration dates determined?
Credit cards expire every three to five years, depending on the issuer. Banks set expiration dates based on several
factors, including:
- Physical wear and tear on the card
- To address the security concerns
- To encourage cardholders to review their credit card plans for possible upgrades.
What happens after a Credit Card expires?
After a credit card expires, it can no longer be used for purchases. The card will be declined in stores and for
online transactions. However, most credit card issuers proactively mail replacement cards to their customers 30 to 60
days before the credit card expiry date.
While the new card will have a different expiration date and CVV code for added security, the credit card number will
remain the same unless there is an account upgrade or change in product.
How do you dispose of an expired Credit Card?
Proper disposal of expired credit cards is essential to protect against fraud and identity theft. Experts recommend
shredding or cutting old cards into small pieces before disposal. This ensures that no one can misuse your credit card
number.
Things to know about Credit Card expiration
- Credit Card accounts are still valid: Even after a credit card expires, your associated credit
account remains active as long as you are in good standing. Monitoring your credit card statements and making
timely payments is important to maintain a healthy credit history.
- Expiration date as a security feature: By renewing the expiration date more frequently, credit
card companies limit opportunities for fraudsters with only access to the credit card number.
- Card wears out with time: You should regularly check your card for signs of damage and request
replacements if necessary. This ensures that your card continues working properly and avoids potential transaction
disruptions.
- Upgrades: Credit Card expiry dates allow issuers to offer upgraded accounts to customers. They
may notify customers of new deals or incentives with better features and facilities.
Wrapping up
Understanding the credit card validity period is crucial for managing your financial transactions effectively. By
knowing your credit card expiry date and taking necessary actions when needed, you can ensure uninterrupted use of
your cards. Remember to dispose of your expired cards properly and stay vigilant about the security features of credit
cards.
Also Read: How to get a Credit
Card in 3 easy steps
FAQs
1. How do I check the credit card expiry date online?
You can check the credit card expiry date by logging into your online banking portal or mobile app provided by your
issuer.
2. How do I renew an expired credit card?
Contact our customer service helpline or visit nearest branch office to request a renewal of your expired credit
card.
3. Why is the expiry date embossed on my credit card?
The expiry date is embossed on the card as a physical reminder for the cardholder and merchants about when the
current card will no longer be valid.
4. Will my credit card be invalid from the next day of expiry?
Yes, your credit card will be invalid from the expiration date mentioned on the card.
5. Will my credit card account be active even after my credit card has expired?
Yes, your credit card account will remain active if you are in good standing with your payments and have not
requested its closure.
Disclaimer: This article is for information purpose only. The views expressed in this article
are personal and do not necessarily constitute the views of Axis Bank Ltd. and its employees. Axis Bank Ltd. and/or
the author shall not be responsible for any direct / indirect loss or liability incurred by the reader for taking
any financial decisions based on the contents and information. Please consult your financial advisor before making
any financial decision.
