Huang Yixuan

Person at Seedly Community

13 Aug 2019

∙

Why do credit cards have an expiry date?

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Aik Kai

13 Aug 2019

I have 2 articles here if you are interested.

https://www.investopedia.com/financial-edge/071...
https://www.creditcards.com/credit-card-news/he...
Bascially 2 things:

1) Wear and tear. Our credit card is actually quite complicated, holding a lot of information. But as time pass and with frequent use, the card itself will spoil as they are not built to last forever. Expiry date gives the bank a chance to give you a new card. Your credit card account remains active.

2) Prevent fraud. I think it is rather self explanatory for this.

Reply

Save

Write your thoughts

Related Posts

How do I build a credit score as an expat in Singapore? I own multiple credit cards and pay all bills in full before the due date, but still don't have a credit score according to CBS. Any idea why?

(Miles expiry) Does the Amex Kris Flyer card credit the miles to KF account directly? Will the miles be affected if the card is not renewed for annual fee?

Just applied for a credit card. May I know when is the billing date? Is it fixed at every start of the month or depends on when I activate the card?

Is the billing date of credit card the same as transaction date? How do I know when is a new cycle?

How do I find out when are the Credit Cards billing cycle dates?

Related Products

Standard Chartered Simply Cash Credit Card

4.2

168 Reviews

Standard Chartered Simply Cash Credit Card

Up to 1.5% on eligible spend

CASHBACK

Unlimited

CASHBACK CAP

$30,000

MINIMUM ANNUAL INCOME

DBS Altitude Visa Signature Card

4.3

97 Reviews

UOB One Card

4.1

158 Reviews

Related Posts

How do I build a credit score as an expat in Singapore? I own multiple credit cards and pay all bills in full before the due date, but still don't have a credit score according to CBS. Any idea why?

(Miles expiry) Does the Amex Kris Flyer card credit the miles to KF account directly? Will the miles be affected if the card is not renewed for annual fee?

Just applied for a credit card. May I know when is the billing date? Is it fixed at every start of the month or depends on when I activate the card?

Is the billing date of credit card the same as transaction date? How do I know when is a new cycle?

How do I find out when are the Credit Cards billing cycle dates?