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Old 10-11-2007, 12:15 PM   #1
mn
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what's the reason to have exp date on visa electron cards?

Without money on an electron card you can't use it... or have I missed something?!

Anyone knows why all banks have exp date on them?

I'm ONLY talking about visa electron cards here. NOT regular visa cards.
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Old 10-11-2007, 12:19 PM   #2
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Main reason is to make sure that the customer keeps their information up to date, I guess. If you don't keep your info up to date, you won't receive your new bank/credit card at the correct address if yoou move.
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Old 10-11-2007, 12:24 PM   #3
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Probably because many processing systems require it...
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Old 10-11-2007, 12:28 PM   #4
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so they can make $$ every 2 years I would gues...
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Old 10-11-2007, 12:29 PM   #5
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I think most credit card terminals / systems require an expiration date to transact it.
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Old 10-11-2007, 12:45 PM   #6
mn
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Quote:
Originally Posted by Wizzo View Post
Probably because many processing systems require it...
Its required on all processing systems. But why not set them to expire after 99 years? Most places issuing electron cards set exp to one or two years.
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