Anxious about the expiration date on your credit card? Good news. Your card expiring doesn’t mean your account is closing or that you need to reapply. In fact, in most cases, your card issuer will automatically send you a new card so you can continue using your account without delay.
Let’s dive into what credit card expiration dates mean, why they exist and what to expect when your card expires.
How often do credit cards expire?
Credit card expiration dates vary by issuer, but most cards are set to expire every 2 to 5 years. This cycle helps ensure the card remains functional while preventing fraud and keeping you up to date with the latest technology.
Do credit cards expire at the end of the month?
Cards expire at the end of the month listed, not the beginning. For example, if your card expires in January 2027, the last day it will be active is January 31, 2027.
Why do credit cards expire?
Credit cards expire for several reasons, including:
- Updated technology: Card technology is continually advancing, so issuers use expiration dates as an opportunity to send out new cards. This may include features like chip technology that enables tap-to-pay and provides enhanced security.
- Fraud protection: A new card means a new expiration date, meaning if your previous card is lost or stolen, it can’t be used to make unauthorized transactions.
- Wear and tear: Credit cards may wear out from regular swiping, tapping or inserting. By including an expiration date, card issuers can ensure you’ll get a new card before physical damage causes any issues during a transaction.
- Branding and design refresh: Occasionally, issuers may update the card design to match new branding standards. Expiration dates provide a built-in opportunity to issue cards with fresh, updated looks.
- A reminder you have the card: If you’re not regularly using your card, getting the new one in the mail may remind you that your account is active and available to make purchases.
What happens when your credit card expires?
When your card reaches its expiration date, any transactions you attempt with it will likely be declined. Fortunately, in most cases, your card issuer will automatically send you a replacement card in the mail before the old one expires. You can activate and begin using your new card before the expiration date of your old card.
What do you need to do when your credit card expires?
There isn’t too much you need to do when your card expires.. Here’s a quick checklist for a smooth transition:
- Activate your new card: When you receive your replacement card, you may need to activate it by following the instructions provided by your issuer. You can usually do this through a phone call, online or via the issuer’s app.
- Dispose of the old card: Cut or shred your old card to prevent any unauthorized access. Make sure the magnetic strip and chip are completely destroyed before disposal. If you don’t want to deal with a metal credit card that may be difficult to cut up, you may be able to mail it back to your card issuer.
- Update payment information: The new card might have the same number, but the expiration date and CVV (security code) on the back will often differ. Be sure to update this information for recurring payments or online accounts where your old card details were saved.
Understand your expiration date
A card expiring is a normal part of the credit card process. It may be helpful to set a reminder or calendar notification when your expiration date is approaching. If you run into any issues with receiving or activating your new card, reach out to your card issuer. Soon enough, you’ll receive a new card so you can enjoy making purchases and building your credit.
Disclosure: This article is for educational purposes. It is not intended to provide legal, investment, or financial advice and is not a substitute for professional advice. It does not indicate the availability of any Citi product or service. For advice about your specific circumstances, you should consult a qualified professional.
