A credit card expires at the end of the month, not the beginning. You’ll find your credit card’s expiration date on the bottom half of your card, below your card number, in a month/year format. The date is usually about three years in the future. So if you have a card that expires in November 2020, you’ll be able to use it all the way through the last minute of the last day in November of that year. But the issuer will likely send you a new card automatically before then. The new card’s expiration date, security code, and card number will be different, so you’ll have to update your information for any automatic payments.
Here’s why and when a credit card expires:
A credit card will expire at the end of the last day of the listed month. So if your card has an expiration date of January 2020, the last time you could use it would be 11:59 PM, January 31st 2020.
A credit card’s expiration date is an anti-fraud security measure. It’s an extra data point that helps prevent people who might only have your card number from making purchases with your account.
You’ll receive your new card by mail one to three months before the old one expires. You’ll need to activate your new card to use it, just like you did with the old one.
If you’d rather not keep your account open, you don’t have to wait for the expiration date. You can call customer service at any time and inform them of your decision. But closing a card can hurt your credit score, so unless you’re losing money on annual fees, it’s probably best to keep it open.
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