What you need to know about credit card expiration dates (2024)

FAQs

What you need to know about credit card expiration dates? ›

Expiration dates appear on the front or back of a credit card in a two-digit month/year format. Credit cards expire at the end of the month written on the card. For example, a credit card's expiration date may read as 11/25, which means the card is active through the last day of November 2025.

Generally, a card is valid through the month identified in its expiration date. If the expiration is 07/27, for example, then the card may be used through July 2027. However, expiration dates apply only to the physical card, not the credit card account.

After a credit card expires, it will no longer be possible to use it to make purchases. The card won't work in stores and with online purchases and will return a “declined” notice from the bank. Most credit card issuers automatically mail cardholders a replacement card 30 to 60 days before the card's expiration date.

What happens when a card expires? If you're worried about your credit card expiring, you don't have to be. Your card issuer is probably handling the process in the background. Shortly before your card's expiration date, the issuer should automatically send you a new card in the mail.

Credit cards usually don't work after their expiration date, but the account they're attached to is still active. Your credit card issuer will typically mail your new credit card ahead of the old card's expiration date, so it's a good idea to make sure the address on your account is current.

You will not be able to make additional purchases with your old card once it expires. If you are using your credit card for pre-authorized automatic charges for billing or subscription services, you run the risk of incurring penalties or cancellation.

Literally it means that it expires after that date which in your example means expires after Jan 2023 passes, hence the first day of the following month. It also most often reflects that the company's tests show that it will be at least 90% effective one year past that date.

In both cases, an expired or revoked card doesn't work when used for purchases. Normally, there's no problem if you accidentally use an expired or revoked card to buy something; the vendor would inform you that your card isn't active anymore and would ask you to use another mode of payment.

In short, you can't use an expired credit card. The good news is that cards expire at the end of the expiration month, not the beginning. When a credit card expires, you'll get a replacement in the mail, but you'll have to activate it before you can use it.

Disposing of a plastic credit card

Make sure to cut through the magnetic stripe, chip and any embossed information on the card (such as your name and credit card number). Dispose of the pieces in different trash bags or containers to add an extra layer of security.

Do banks send you a new card when yours expires? ›

Generally, your bank will send you an updated debit card in the mail a month before yours expires. However, if that hasn't happened, keep these steps in mind: If you don't receive one as the expiration date draws closer, it's best to follow up with your bank about getting a new card.

If you sign up for a new credit card or replace an existing one, you'll end up with a new code; the same applies if your current card expires and you receive a replacement. Even if your credit card number is exactly the same, you will still have a different CVV.

Expiration dates on food products are not required by federal law, except for infant formula. When they're used, they usually indicate that the food should have its best taste and texture up until that date. It is an assurance of quality, not an assurance of safety. 1.

Will Cards Still Work After They Expire? They will not continue to work, so it is important to update online accounts that might be paid automatically with your credit card. For those accounts, you simply need to update the expiration date, the CVV, and possibly the card number, though that usually remains the same.

If you skip card activation and don't use your card, you're still responsible to pay for the annual fee. Missing the annual fee payment can hurt your credit score since payment history is the most important factor in calculating your score.

In most cases, you automatically receive a new credit card in the mail when your old one expires.

Next, locate the 8-digit letter/number sequence. The last 5 numbers in that sequence will be your Julian date calendar code. In the example photo provided, the numbers are “24820.” The first three numbers identify the month and day, and the last 2 numbers identify the year this product was canned.

In a normally drafted contract, dates are inclusive. So an “expiry date” is the last date the contract was in force, expiring just before midnight of the next day. Most contracts don't usually need such precision in their timekeeping but some, such as contracts for financial products, do.

When you upgrade your credit card, you typically keep your existing credit card number and account number. But your card and account will be subject to the terms and conditions of the new card. If your new card earns rewards, for example, you'll be able to earn those rewards once you switch to the new card.