Join Early Retirement Today
Reply
 
Thread Tools Display Modes
Significance of Expiration Date on Credit Card
Old 08-15-2014, 01:40 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 4,172
Significance of Expiration Date on Credit Card

I know I'm always asked for this expiration date when ordering stuff online or by phone so I have assumed you can't complete the transaction if that info is not given. This month my municipal utility noted an upcoming expiration date coming up in a few months and requested the new date which seems in agreement.

Yet I have my local phone, cellphone, and CATV bills autopaid to a credit card and am quite sure they've never asked and I've never called in a new expiration date. My mail order pharmacy also has billed an order to a card to which I had never given them the new expiration date.

How are these two views compatible? Do large national companies (ATT, Comcast) get treated differently? Or is the expiration date not really necessary?
kaneohe is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-15-2014, 02:52 PM   #2
Recycles dryer sheets
hakuna matata's Avatar
 
Join Date: Jul 2008
Location: Small town outside of Seattle
Posts: 444
Hmmm...on every account I have tied to a credit card, I have always gotten notice that the expiration date is coming up. I can't think of a single instance where I wasn't notified to be honest.
hakuna matata is offline   Reply With Quote
Old 08-15-2014, 03:29 PM   #3
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
Expiration date is part of the card verification at first, I suspect.

I've noticed some companies insist that I give them a new date after expiry, but others not. I suspect that companies doing regular monthly billing that doesn't require annual renewal have some leeway with the credit card companies. I think once I noticed one company magically had the new expiry date.

I did have a company terminate a subscription when it tried to auto renew after the expiry date.
__________________
Retired since summer 1999.
audreyh1 is online now   Reply With Quote
Old 08-15-2014, 03:47 PM   #4
Thinks s/he gets paid by the post
 
Join Date: Jan 2006
Posts: 4,172
Quote:
Originally Posted by audreyh1 View Post
Expiration date is part of the card verification at first, I suspect.

I've noticed some companies insist that I give them a new date after expiry, but others not. I suspect that companies doing regular monthly billing that doesn't require annual renewal have some leeway with the credit card companies. I think once I noticed one company magically had the new expiry date.

I did have a company terminate a subscription when it tried to auto renew after the expiry date.
I'm beginning to suspect there are cliques whose computers talk to each other. My credit cards are autopaid via a broker checking account. Once the broker changed the account........including the bank.......but didn't tell me anything about the change. Yet the credit cards kept getting paid.
The broker told me I could continue to use the old checks at my risk.....meaning someday they might not work.
kaneohe is offline   Reply With Quote
Old 08-15-2014, 04:14 PM   #5
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
RonBoyd's Avatar
 
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,255
All of our (scheduled) bills are paid by automatically billing a Credit Card. I have, in all cases, been asked to update" my account around the expiration date... sometimes after (Grrrrr).

BTW, the verification number on the back of the card is dependent on the expiration date (among other things).
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
RonBoyd is offline   Reply With Quote
Old 08-15-2014, 04:17 PM   #6
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
travelover's Avatar
 
Join Date: Mar 2007
Posts: 14,328
I had a few cards replaced as a security precaution and yet some of my auto pay nonprofit donations keep rolling along on a dead, expired card.
travelover is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll: Do you ever use OTC medicines past expiration date David1961 Other topics 23 01-25-2014 04:38 PM
Question on the significance of 140 SS quarters prototype FIRE and Money 8 12-16-2011 06:18 AM
Why is Expiration Date Part of CC Verification? TromboneAl FIRE and Money 11 11-13-2011 04:17 PM
The significance of 59 1/2 plex FIRE and Money 8 07-05-2008 04:45 PM
Pre Paid Credit Card/ Gas Card or Credit Card nphx Other topics 4 04-29-2008 01:04 PM

» Quick Links

 
All times are GMT -6. The time now is 10:51 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2024, vBulletin Solutions, Inc.