If you need an answer to the question “what is an expired card”, then this is the right article for you. An expired card refers to a credit card that you cannot use anymore because its expiry date has passed. Cards usually come with a four-digit number that states the expiration date of the card.
For instance, a credit card that will expire in November 2024 will have the number 11/24 inscribed on the card. It does not have a specified date, so you can still use your card until the last day of the month.
Before your credit card expires, your credit card company will send you a new card that has a new expiry date, some weeks before your current card expires. But if your credit card company does not want to retain you as a customer, they will not send you a new credit card.
The new credit card sent by your credit card company will have the same account number as your old card, but it will have a different expiry date and a four-digit code.
Where is your Card Expiration date located?
Your card expiration date is inscribed on the front +of your card. On the front of your card, you will see a two-digit number for the month of expiration and another two two-digit for the year it will expire. Your credit card will expire on the last day of the month it is set to expire.
Why Card Expires?
While asking what is an expired card, have you ever asked why cards expire or why they have an expiry date? Credit cards have expiry dates because with time they will begin to wear out.
The magnetic stripe of your card will become unreadable. The information on your card may become hard to read, and the computer chip can malfunction. Therefore, your card needs to be changed or replaced.
Another reason why credit cards are for security purposes. The expiration was created for cards because they act as an extra security verification for cards.
They do not represent transactions when a client makes an online purchase. It prevents people with access to your credit card details from making fraudulent purchases. Card expiration favor’s you and the issuer.
Things to Note About Expired Credit Cards
Aside from asking the question “what is an expired card” there are things you need to note about expired cards. The information you need to know about expired cards is embedded in this part of this article and going through it will enlighten you more about expired cards.
- Cards expiration does not affect your account.
- Expiry dates include fraud protection.
- The card’s expiry date is on the last day of the month.
- Cards have upgrades.
- It is possible to recycle expired cards.
- Destroy your expired card.
- Your card can still be charged after it has expired.
- Cards down over time.
1. Cards Expiration Does Not Affect Your Account.
Your account does not expire when your card does. It is your card that has an expiration date and not your account. So, when your card expires it does not affect your account.
2. Expiry Dates Adds Fraud Protection.
When your card expires, it adds a layer of protection from fraud to your account. Therefore, anyone who attempts to steal your data will have issues using your card if it has expired already.
3. Card Expiry Date Is on the Last Day of the Month.
Cards do not show the specific date of expiration, but they show the year and month. So, if your card expires on June 2025, it will expire on the last day of June.
4. Cards Have Upgrades.
An expiration date is one way a company upgrades its card. And this upgrade is important because it protects card users from being victims of credit card fraud.
5. It Is Possible to Recycle Expired Cards.
When your card expires, you can recycle it to make it serve a new purpose. It is possible to turn your card into guitar picks or pieces of jewelry among other things.
6. Destroy Your Expired Card.
If you would not want to recycle your credit card, you should destroy it so that any information in it will not be usable by fraudsters. You should cut your card horizontally and vertically into tiny pieces, to ensure your details are not visible to anyone.
7. Your Card Can Still Be Charged After It Has Expired.
If you do not cancel the subscriptions you make on your card, they will still be charged even after it has expired.
8. Cards Down Over Time.
Cards break down after they have been used over a long period, this is one reason why a credit card has an expiry date. An expiry date will ensure you replace your car before it finally wears out.
Can I Use an Expired Card?
You can’t make use of a card either a debit or credit card once it expires, it will always decline anytime you want to make use of it online or offline for purchase.