Why That Expiration Date on Your Credit Card Is Fake

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eHow Money Blog

Quick question: What dies and then, boom, isn’t dead and is ready to party? That’s right-zombies. Zombies aaaand credit cards.

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See? It’s just like your credit card.

Quick question: What dies and then, boom, isn’t dead and is ready to party? That’s right-zombies. Zombies aaaand credit cards.

See, despite what the date on your credit card says, it doesn’t really expire in the true sense on that day. Expired credit cards continue to work even after the date stamped on them comes and goes. Like a zombie, it just keeps on living.

So, why the arbitrary date? Simple. Just like your gym socks and toothbrush, credit cards take a lot of punishment. They get swiped a bunch, not to mention potentially demagnetized, sat on and used to jimmy doors.

They can only take so much abuse-roughly three to four years of it. The “expiration” date on your card doesn’t mean your account expires is voided or even changes-it’s just a way for credit card companies to swap out your card before you’ve worn it to a nub. If you compare your “expired” credit card and your replacement card, they’re identical.

Another reason credit card companies like to kill their cards: They want to be friends. They know you don’t like them (what’s up, 20% interest?) and sending you a shiny new card is a way of getting a positive “touch point” with you. That’s as creepy as it sounds.

How Do We Know All This? Cuz we’re brilliant. Also:
Issuing you a new card could remind you about that credit card you’ve stopped using-and hopefully get you to start using it again.
Test your credit card knowledge with this quiz. Then test your zombie knowledge with this quiz.
Card not working? Lick it.
More reasons zombies are like credit cards.

-Erin Barajas, Serious Coin contributor

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