Credit card has expired. Credit card term

Our fellow citizens actively use credit cards. The order of work and repayment with them differs significantly from the payment of a standard loan. The credit line on the card is revolving. The funds deposited into the account are again available for settlements. But what if the term of the "plastic" expires, and the debt is not repaid?

What should I do if my credit card expires?

Depending on the rules established by the issuing bank, the card is issued for a certain period. As a rule, "plastic" is valid for 3-5 years. But the card is just a “key” to the account, which is unlimited and is closed on the basis of a written application from the client.

If the credit card expires, then there are two options for further work with the bank.

The first is to reissue the card. Customers who plan to continue using a credit card must apply for its reissue. In 10 days it will be ready, and the borrower can continue to use it. In some banks, reissuance is carried out automatically. What is the fee for this operation. The client must control this situation and be aware of the current tariffs. Because there will be a debt that he will need to repay. Failure to do so in time may result in penalties.

What to do if the term expires and the debt is not repaid?

If the client actively uses a credit card and there is an outstanding debt on it, then the bank carries out an automatic reissue. Depending on the rules that apply in this financial institution, the card is either sent by mail to the client's home, or it must be personally received at the branch. Even if the card is delivered to the borrower by letter, he should not worry about security. It is sent blocked. To use it, you must first activate it. To do this, the borrower provides personal data and a password that only he knows.

After the reissue, only the "plastic" and the card number change. The amount of debt, account number, interest rate, commission - everything remains the same. The customer can continue to use the credit card. The account is closed only on the basis of the borrower's application after.

How to extend the validity of a Sberbank credit card?

Sberbank is the largest financial institution in the country. Its products are used by almost everyone. Sberbank credit cards are a popular product.

They are issued for three years. At the end of the validity period, the card is issued automatically. This is done in advance. For example, the card is valid until 12/2017, that is, it can be used throughout December 2017. Sberbank will issue a new card before the 20th of December.

To receive it, the client must do the following:

1. Contact the branch where you originally received the card and provide your civil passport.
2. If the new card is already ready, then after checking the documents, it is issued to the borrower. If the client applied too early, the manager will let you know when it will be possible to get a credit card. There is no need to sign a new contract, as the terms of service do not change.
3. Pay commission. According to the current tariffs, no reissuance fee is charged. But there is an annual fee for maintaining the account. For example, according to the classic card, it is 450 rubles. It is written off automatically every year - in the month the card is opened. Therefore, the client can replenish the account in advance with this amount so that there is no debt.

This option is the most optimal. But it doesn't always fit. For example, a client has changed his place of residence and cannot apply to the branch where he originally received the card. He needs to inform the bank in advance about the change in his personal data, namely the place of registration or residence. It is also advisable to provide the address of the branch where it is convenient to get a credit card. This must be done two to three months before the card expires. In this case, it will be delivered to the specified address.

If the client did not inform in advance about the change in personal data, then the reissued card will be sent to the old address. The borrower will need to either go for it or order a new credit card. And re-release is paid. For a standard credit card, this commission is 150 rubles.

In order to avoid additional costs, you need to inform the bank in a timely manner about the change in your personal data. In this case, there will be no problems with obtaining a new card.

Customers who use credit cards should follow these tips:

1. Financial institutions are constantly changing lending conditions. Therefore, before you start using a reissued card, study the rates for those credit cards that the bank offers today. See also: . It is quite possible that the bank already has much more profitable and interesting offers. In this case, it makes sense to close the old account and open a new credit card. But before that, you need to pay off the debt in full.
2. For borrowers who pay their debts on time, many banks issue cards on favorable terms. For example, they reduce interest rates, cancel commissions and increase the credit limit. Check with your manager if the bank has a personal offer for you.
3. Check if the new card is visible in internet banking and its mobile app. If you have any problems, please contact the nearest branch.
4. You can use your credit card as much as you like. Reissue can be carried out neither once nor twice.

But the client must understand that the longer he does not repay the debt, the more he overpays interest. The cost of credit cards is quite high, especially if you withdraw cash. If it is important for the client to have access to additional financial resources, then he can use the card. But at the same time try to repay the debt during the grace period. Also control your costs and not turn into a "shopaholic".

Sberbank customers actively use credit cards for payments at retail outlets. This banking product has a number of significant differences compared to a conventional consumer loan. The fact is that you can use the limit on a credit card all the time. After replenishment, it becomes available again to the cardholder. What to do if the validity period of the credit card has expired, and the debt remains on the account, we will analyze below.

Usually a credit card is issued for 3-5 years. The term may vary depending on the conditions of the bank that issued the plastic. You need to understand that the card itself is a means of using an account opened indefinitely. You can close it only after the full repayment of the debt.

On the front side of the card is the expiration date - month and year. If the expiration date of the credit card is approaching, you can do the following.

1. Get a new card. In Sberbank, it is reissued automatically, no need to write an additional application. An SMS will be sent to the client's phone stating that the credit card is ready and is waiting for him at the bank's office at the specified address. You just need to come up and issue a new plastic.

Important! A commission is charged from the client if the reissue is carried out ahead of schedule - the card is lost, stolen, the surname has changed, etc.

1. Close an account. To do this, you need to fully repay all existing debt on a credit account. After you write an application for closing an account, this must be done in advance, because the procedure takes up to 45 days. If the debt is not repaid, the bank will not be able to cancel the account, so deposit the money in full on time.

When you are informed that your credit card account has been closed, be sure to order a Compliance Statement. This document indicates that you do not owe the bank anything.

What happens after the expiration date?

The card is programmed in such a way that after the expiration date indicated on the front side of the plastic, it becomes inactive. The bank blocks it unilaterally. It will be impossible to make transactions on such a credit card, even to make a monthly payment. If you try to insert it into the ATM slot, it will immediately "spit out" it or refuse to give it back.

When the expiration date is near, Sberbank automatically issues a new card. If you have not yet received plastic in your hands, you can replenish your account using electronic services - in your personal account or through an application on your smartphone.

The card account continues to operate regardless of the state of the card itself. If you have been in arrears in the past, penalties will be charged in the same amount. If you do not need a credit card, you have not used it and do not plan to do so, it is better to close the account before the annual fee is deducted from it.

How can I continue using my credit card?

The conditions for using the credit limit remain the same. How do you know when to apply for a new credit card? The front side shows the expiration date, for example 11/18. This means that plastic will be active throughout November, you can perform the usual operations on it. The credit card will arrive at the branch in the first half of November or earlier. If possible, immediately get it and cancel the old card.

To renew a Sberbank credit card with outstanding debt, you need to take some steps.

1. Wait for an SMS message about the readiness of a new card.
2. Contact the Sberbank branch where the first credit card was originally issued. Check the office hours on the bank's website in advance. To issue plastic, you only need a passport.
3. After checking the document, you will immediately be given a new card in your hands. If you came for the card before the SMS message, most likely it is not ready yet. The lender does not draw up a new agreement, because the conditions for servicing the account have not changed.

If you changed your phone number and did not notify the bank about it, just go to the branch by the planned replacement date.

1. Pay for annual credit card maintenance. The bank does not charge money for the reissuance procedure itself, however, the monthly fee is deducted every year in the same month. If you do not want the card to go negative, you can replenish the card account in advance specifically for the cost of service. However, this does not make much sense, because credit cards have a grace period, you can repay the debt without interest.
2. Activate your card at an ATM. To do this, simply request your account balance.

When a person has changed his place of residence, for example, he left for another region, he does not have to come to the previous bank branch at all. You need to submit new information to Sberbank and ask to issue a reissued credit card at the place of registration. It is best to find out in advance the number of the office that is most convenient for permanent service and indicate it in your application. An application should be submitted 2-3 months before the scheduled reissue.

What should the cardholder be aware of?

Before ordering a Sberbank credit card, please note that bank rates change periodically, carefully study the current lending conditions. Sometimes the bank launches promotional offers, then the credit card rate may compare favorably with yours. In this case, it makes sense to issue a new credit card, but you should take into account the term and conditions for closing an existing account.

Do not forget to pay the loan debt and close the account, because Sberbank cannot issue more than one credit card.

If the client makes payments on time, he can count on an individual offer from the bank. The lender can increase the credit limit, lower the rate or reduce the amount of the payment.

It must be remembered that when the credit card arrives at the branch, a corresponding mark will appear in Sberbank Online. The validity period of a credit card is not limited, reissue can be carried out as many times as necessary.

Interest rates on credit cards are higher than with a regular consumer loan, especially when withdrawing cash from an ATM. If you need an extra "wallet" that is always at hand, try to fit within the grace period and make payments on time. This way you don't have to pay any interest on your credit card.

Each active plastic card has one single account, access to which is “opened” by a credit card chip or magnetic stripe. Practice has shown that plastic, magnetic tape and a credit card chip cannot work effectively for longer than a certain period of time, so all bank cards have their own “shelf life”, the duration of which depends on their type and ranges from 1 to 4 years. If a credit card has expired, your account will not be blocked, however, it will no longer be possible to manage your funds using the card. Consider the procedure for the holder of an “expired” plastic card and what the untimely replacement of a credit card is fraught with, whose validity period has already expired.

Credit Card Expired: Borrower Actions

An “expired” plastic card is replaced by the issuing bank with a similar new credit card, regardless of the wishes of the borrower. And if some banks, after the expiration of the credit card, for example, VTB Bank, will send you a new card by registered mail (read about VTB 24 credit cards), then others will place part of the responsibility on you (for example, Bank of Moscow).

To reissue a credit card, you need to visit the branch where you issued your card in advance and write an application with a request to replace it. After the credit card expires, you can get a new credit card, and the old one must be destroyed by the teller before your eyes. As a rule, a fee is charged for reissuing a card, but there are rare exceptions, for example, Moskomprivatbank.

Credit card expired: responsibility of bank customers

Borrowers who do not use their credit cards should also consider reissuing or canceling them. Otherwise, after the expiration of the credit card, it will be reissued automatically, and the commission for this service will be debited from the credit account without notifying the borrower. As a result, a debt is formed on the card account, on which interest will be charged, and subsequently a penalty.

So if you don’t want to pay the bank “for a donut hole”, carefully study the agreement that you signed when you received a credit card, pay attention to its validity period (it is indicated on its front side) and take care of its reissuance in due time.

Credit cards are issued for a fixed period. After the expiration of the validity period, they must be replaced. The owner must know the expiration date of the credit card in order to avoid delay. Reissuing a card is a procedure for replacing a means of payment. The service is issued at the request of the client or automatically.

What determines the validity period of a credit card?

Credit card conditions differ depending on the bank and the type of payment method. The period belongs to a category that the client cannot influence.

The expiration date of a credit card is affected by:

• Frequency of use. After 6-18 months of daily payment and cash withdrawal, the plastic carrier is damaged. Most of the changes are happening with the chip that protects credit card data. Scratches and micro cracks can cause the card to malfunction.
• Owner's discretion. If the card is constantly dropped, worn with a mobile phone, or removed from the card reader too quickly, it may be damaged before the end of its useful life.
• Credit card type. Until 2015, plastic media was not released with a chip-shaped protection on the front side. Because of this, they were more likely to be hacked and deformed. If the client has an old-style credit card, without a chip, the risk of damage ahead of time increases.
• Manufacturing defect. With poor-quality manufacturing of the means of payment, the owners complain about the rapid fading of the inscriptions and background (within 6 months after receipt), deformation of the case and protective elements.

If one or more factors are present, the risk of premature wear increases up to 50%.

Who sets the credit card expiration date?

Issue of plastic cards is carried out by the issuer - a banking organization. The bank determines which credit card validity period will be comfortable for customers and offers products with a limit of funds.

The cardholder is unable to influence the standard conditions for the provision of the product. But the client has the right to reissue a credit card at any time. If the credit card expires, he will receive a plastic carrier with a new period. In the presence of a technical malfunction, reissue at Sberbank, Rosselkhozbank, VTB 24 is free.

How can I find out the expiration date of a credit card? All options

You can get information about the period of use of a plastic card in several ways:

1. Examining the data on the front side.
2. In documents.
3. By calling the contact line of the bank.
4. On the official site.
5. In self-service devices.
6. Via internet banking.
7. On the mobile app.
8. During a personal visit to the office.

Information is provided free of charge on the day of application.

Where is the validity period of a bank card?

Information about the expiration date of the plastic carrier is not confidential. It is located on the front side of the credit card - the bottom line in the center of the card.

The media indicates the expiration date of the credit card. The information is presented in digital format "month/year". The last month during which the client has the opportunity to use a credit card is indicated. After the end of the period, the card is blocked, but the account remains active.

The agreement also specifies the conditions of the credit card: the start date of the card and the end of the period. In most large banks, for example, Sberbank, Tinkoff, VTB 24, the validity of a credit card is 3 years. It does not depend on the product, limit and account holder.

How to find out the expiration date at an ATM?

In the self-service device, the customer can get almost all the information about the credit card. These are convenient, as the vending machines work around the clock.

To find out the expiration date of a credit card, the owner must use the terminals of his bank. In other devices, limited functionality is available: balance, expense, mobile payment.

To find out when a credit card expires, you need:

• insert it into the card reader, enter the code;
• go to the section on bank cards and deposits;
• find a credit card account, click on the active line;
• read the information or print a check.

Information about the term of the credit card is provided along with the number, full name. customer and contract data. Banks do not charge a fee for the service.

Obtaining information with the help of bank employees

If the client cannot independently find out when to change a credit card, he can take a passport, a card and come to a bank branch. The manager will print out the conditions of the card and guide you by the timing of the replacement.

Customers of Tinkoff and other online banks can find out information by calling the support service. You will need a passport, credit card and control data (indicated in the application). Without data, operators will not be able to identify the subscriber. The call is free for customers.

Information about the credit card period online

The issuer's website always has information about all banking products, including credit cards. The owner of the payment instrument can receive information about the terms of the credit card, the terms of replacement and benefits.

In some banks (Sberbank, Tinkoff), customers can apply for a reissue online. The bank's website provides communication information about credit cards. But the standard conditions for all products are the same.

How to find out the period of use of a credit card in Internet banking?

If the client is interested in information only on his card, he can use another Internet service - a personal account or online banking.

Login and password are used to log in to online banking. How you get the data depends on who the credit card issuer is. For example, in Sberbank, the client can receive information for entering his personal account at the terminals, and in the Moscow Industrial Bank, information is issued in an envelope upon receipt of the product.

How to find out when the Sberbank credit card expires:

1. Log in to Internet Banking using your username and password. The password for Sberbank clients comes via SMS from 900.
2. Find a credit card in the list of bank cards. It is displayed on the main page when you log in. Additionally, there is a "Maps" section, you can go to it to get information only on plastic products.
3. Familiarize yourself with the term under the name of the credit card. Sberbank indicates the term "valid until 01/0002", where: 01 - month, 0002 - year of expiration.

In the Internet banking of other issuers, the principle of obtaining information is similar. The validity of a Sberbank credit card is 3 years and is not tied to the type of payment instrument.

Information about the term in the mobile application

The smartphone version lets you know when to change your card and is always at hand. In Russia, the best Internet applications among banks are products of Tinkoff, Sberbank and Alfa-Bank.

To study the term of a credit card through the application, you need to download and install it. Issuers do not charge a fee for the mobile version of Internet banking.

In the application, information is divided into blocks, as in the full version. To get acquainted with the conditions for a credit card, you need to go to the "Cards" section. The validity period is located in the line under the name of the payment system.

What to do if the validity period expires?

The client has 3 options for how to act after the expiration of the credit card:

1. Close an account.
2. Get a new card during a scheduled reissue.
3. Issue a reissue on your own and get a credit card with a new expiration date.

The account is not closed automatically. The client must apply to the bank branch with a passport to terminate the loan agreement. For online bank cards, the operation is performed through the contact center.

Reissue Features

Replacing a bank card with a new one with the same account is called reissue. In the bank, the operation is performed in the presence of a plastic carrier. If the credit card has expired, the customer must contact the branch where he received it before. You need a passport with you.

The operation of issuing a card with a new validity period takes no more than 15 minutes. The client signs for a credit card with a new term, puts his signature on the card (otherwise it may not be accepted at retail outlets).

Reissue is issued only to the owner of the credit card or his authorized representative. When receiving a credit card by a third party, a document confirming the rights of the representative is required. It can be a bank or notarized power of attorney.

When to request a replacement plastic carrier?

Scheduled reissue does not require additional operations to change the card term on the part of the client. As soon as the validity period of the credit card ends, the client receives a notification about the need to replace the card.

In Sberbank, users are notified 45 days in advance that a plastic carrier will soon need to be replaced. The validity period of a Sberbank credit card is 33 years. After the expiration of the period, the client must take a passport and come to the office at the place where the credit card was opened.

Since 2018, customers of the largest bank in the country have been able to track exactly when a replacement is required through Sberbank Online. A credit card that is expiring will have a reissue notice next to it. As soon as the card is delivered to the branch, the client will receive an SMS from number 900. Sberbank Online will receive information about the receipt of a credit card at the office, and a credit card account with a new expiration date will be displayed.

You must apply for a replacement card before the expiration date. Otherwise, the client runs the risk of missing the planned payment, since he will not be able to deposit money to a blocked card in the terminal or through the Internet bank.

When is a cardholder's reissue required?

If the plastic carrier is deformed, the card has ceased to function, it has been "swallowed" by an ATM, the owner can issue a reissue without waiting for the expiration of the term. Depending on the reason for the service, a commission may be charged from 0 to 790 rubles.

For Internet banks such as Tinkoff, reissuing active cards is a must for every client. The Tinkoff credit card is valid for 3 years. As soon as it comes to an end, the client must notify the bank that he has received a new credit card.

Since the online bank does not have branches, it is not always possible to pick up a credit card on the day of paperwork. Courier delivery allows you to get a card anywhere within 1-7 days. Therefore, it is recommended to complete the operation at least a week before the expiration date so that the bank does not block the card.

How to deposit cash if the credit card is overdue?

Not all customers have time to pick up a credit card on time or issue a reissue. Unlike a debit card, the risk of delinquency on a credit card threatens to damage your credit history and possible fines.

You will not be able to deposit funds to an expired credit card using the usual methods. The ATM will instantly "swallow" the card, and operations in the online bank will be temporarily unavailable.

The expiration date of a credit card loan does not change, as does the grace period, interest, and terms. But in this case, the owner will be able to deposit funds only through the cashier. To transfer to a credit card account, you will need bank payment details.

The operation of transferring to a credit card account takes longer than depositing cash at a terminal or crediting through an online bank. The maximum term for receiving money to the account is 72 hours. It is recommended to take with you an additional 1-5% more than the payment requires, as financial institutions charge a commission for the operation.

Sberbank credit cards have become an integral part of the lives of many people. A wise approach to their use makes bank funds work for the owner. So that this process does not interrupt, it is important to worry in advance what to do when the Sberbank credit card expires.

When is it time to change your card?

Any financial institution issues card products with a limited period of activity. Sberbank, as a rule, sets a 3-year activity limit for credit cards, from the moment it is issued to a client. Planned replacement of the card is carried out with the end of its validity period. This information is located in the lower central part of the front side of the plastic.: two pairs of digits through a slash. For example, “10/17” means that the credit card is active until the end of October 2017.

In addition, unforeseen situations may require premature reissuance of a Sberbank credit card when:

• Loss of the PIN code or the plastic itself, its breakage;
• Change of personal information of the client;
• Violation of the confidentiality of information about the card;
• Restrictions imposed by the bank (blocking).

The planned replacement of plastic includes its advance production. The client is notified about this via SMS. The system also provides information regarding the place and time of receiving a new card.

Possible actions

Whether a message has been received on the client's number or not, the plastic holder must determine for himself what to do next. The owner of the Sberbank card at the end of the validity period can:

• Continue cooperation with the borrower;
• Terminate an agreement with a financial institution;
• Issue another card product that provides for more acceptable conditions, benefits or benefits.

Most often, Sberbank customers choose the first action - reissuing a credit card. It is important to analyze in advance whether the account holder will be able to visit the branch of the financial institution at the end of the plastic validity period. If the client will be absent in the city (country), then it is appropriate to arrange the issuance of a credit card in advance.

Remote re-registration by Sberbank is not provided. However, when the client has moved to another place of residence (district or city) and the validity of the Sberbank credit card has expired, you can apply for reissue at any division of the organization, at the discretion of the owner. If the user currently lives in another country, then you can get a new card with the help of relatives or friends. First, you need to correctly draw up a special power of attorney for the right to act on behalf of the owner.

Who to contact

When the Sberbank credit card expires, the owner or authorized person must contact the employees of the unit where the credit card was first issued. Often, this is the nearest branch. Further events will unfold approximately as follows:

• The user must inform the employee about the expiration of the card activity period;
• The specialist will check whether the plastic was reissued;
• If a new credit card is ready, the client will be able to receive it on the same day;
• If the card was not prepared in advance, then the account holder will need to inform the bank employee about his desire to continue using credit funds;
• An employee of Sberbank will provide information on the date of the next visit to the branch to receive a new credit card.

To resolve all issues, the client or his representative must have identification documents (passport) with him. When changing the surname - a certificate of marriage or its dissolution. Also, if possible, it is required to provide bank employees with old plastic and a contract.

Features of the procedure

The reissue of a Sberbank credit card is associated with some changes. It's good when the owner knows about all the nuances. Here are some of them:

• With a planned replacement of the card, all services are provided free of charge. If the plastic is updated at the initiative of the client (breakage, loss, leakage of secret information), then Sberbank may charge a small additional commission;
• Getting a new credit card entails the renewal of all services related to the maintenance of the previous card. For example, Sberbank Online and a mobile application. "Services" will become available to the client only after entering information about the new card (its number) into the database;
• You should also not put off going to the bank until the last day, since the expiration of the card may coincide with weekends or holidays. In addition, new plastic arrives at the issuing department approximately 3-5 days before the end of the term. If the card accidentally ends up in another department, then it will take time to send it to its destination. Solving such issues at the last moment, you can stay for a while with a blocked card;
• When reissuing a credit card, the old plastic is destroyed in the presence of the client;
• If the reissue did not go through automatically, then it may take from several days to three weeks to receive a new card product. This period starts from the moment the application is submitted.

If the owner has never used the card during the year, then in order to reissue it, an application should be written before the expiration date. The automatic plastic release service is not available in this case.

What happens if you don't replace it on time?

The bank informs the owner of the need to replace the card 1-2 months before the reissue. An additional message arrives on the last day. After that, the card is blocked. If the Sberbank credit card has expired, the client will be able to transfer funds to it, but only by number. Otherwise, the terminal will take the expired card. At the same time, the debit transaction is available exclusively at the cash desk of Sberbank, with the obligatory presentation of a passport. To restore the functionality of plastic, you should contact a specialist from a financial institution.

Cancellation of a credit card

Rarely, the owners of a Sberbank credit card with the expiration of its validity decide to refuse the services of a financial institution and terminate the contract. This desire may arise from dissatisfaction with the quality of service. The user must follow certain rules of action:

• Pay off debt on credit funds, if any;
• Visit the bank office, inform about your decision;
• With the help of an employee of a financial institution, close the card and disable all services associated with it;
• Fill out the required application forms;
• Upon request, receive an extract indicating the full repayment of the debt;
• Monitor the destruction of plastic by a bank specialist;
• If, when closing the card, personal funds were stored on it, they must be withdrawn at the cash desk of the branch.