Credit cards are an essential part of modern life, but they require some maintenance and attention to ensure they continue to work effectively.
One key aspect of managing a credit card is dealing with the credit card expiry date. Here is what you need to do before and after your credit card’s expiry date.
Before the Expiry Date
1. Check Your Contact Information
Ensure that your bank has your up-to-date contact information, including your mailing address and email address.
This will ensure that you receive a new card when your current one expires and any important notifications about your account.
2. Review Your Credit Card Statements
Review your credit card statements to ensure there are no unauthorized transactions or errors.
If there are any discrepancies, contact your bank immediately to resolve the issue.
3. Update Your Automatic Payments
If you have automatic payments set up with your credit cards, such as for utilities or subscriptions, make sure to update them with your new credit card information before your current card expires.
4. Check Your Rewards Points
If you have rewards points on your credit card, make sure to redeem them before the expiry date to avoid losing them.
After the Expiry Date
1. Wait for Your New Card to Arrive
Your bank will automatically send you a new credit card before your current one expires. Wait for it to arrive in the mail and activate it as soon as possible.
2. Update Your Payment Information
Once you receive your new card, update your payment information with any merchants or services that have your credit card on file.
3. Destroy Your Old Card
Once you have activated your new credit card, destroy your old one by cutting it up into small pieces and disposing of it securely.
This will prevent anyone from using the expired card for fraudulent purposes.
4. Update Your Rewards Programs
If you have any rewards programs associated with your credit card, make sure to update your new card information with them to continue earning rewards points.
Conclusion
Managing your credit card expiry date may seem like a small task, but it’s essential to ensure the security and effectiveness of your credit card. By following these steps before and after your credit card expiry date, you can ensure a smooth transition to your new card and avoid any issues or complications. In addition, it’s essential to choose a credit card that suits your needs and offers the rewards and benefits that matter to you. Great Canadian Rebates can help you find the right credit card for your lifestyle and offer cash back rebates upon approval of credit cards applied for through their website. By making informed choices about your credit card usage and staying on top of its expiry date, you can make the most of this valuable financial tool.