questionswho has a credit card with a ridiculous…

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I've got a 2016 expiry that I got in 2010, but it is the exception. Most of them are good for three or four years from date of issue.

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I always wondered about the dates that they have in the drop downs for the expiration dates. My card only lasts 3 years and I have never seen any that expire more than 5 years after issuing.

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I think it may depend on both your credit and longevity with the company. All my credit cards are set at 4 years and my debit card is at 6 years. It has been this way for me for a long time.

The Centurion card has to expire, though, for security reasons. Once you are a member your membership doesn't expire, but the card itself has to...

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Expiration dates on credit cards are important.

First, the dates help protect customers against identity theft and fraud by giving vendors an additional point of verification when accepting a credit card transaction online or over the phone.

Credit cards don't last forever. The magnetic stripe wears out and they will stop functioning eventually. Having an old one expire and you being issued a new card helps make sure you have a working card.

Your company can cancel your card before the expiration date if it's lost, stolen, you don't pay your bill, etc. The date is really meaningless for that purpose.

Usually a bank tries to not issue cards with a standard 2-year extension from your last expiration date. They will (apparently) randomly select an expiration date that varies from 12 months to 36 months in usual circumstances. This makes it more difficult for people to guess what the expiration date will be ahead of time.

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I've seen most good for four years, I have one that is 2017 that i got in 2010 or 2011. What confuses me is why bother? I have to get it replaced after 24 months anyway because it's warn out from swiping or just being in my wallet!

I think the thing with the "2030" date on forms where you enter your credit card information is just developers making sure they've "futureproofed" their website. They fully anticipate that, by then, they will have probably switched to a different solution for credit card processing. But at the same time, the web developers don't have to worry about going back to the site every December 31st and adding one more year to their checkout form.

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It makes sense to include a large range of dates to insure the developers don't have to go back and deal with updating for many years. Of course a simple algorithm to go out say 10 years from the current year would do that also.

That said, I have an Amex card that expires in 2022. Received it in 2010, so it's a 12 yr expiration. I have other cards that expire in 2017 and 2018 that I've had for 2 to 3 years already. Most cards expire in 3 to 5 years, which I think is a waste of money. They spend a fortune on replacement cards, mailing them, etc. Expiration date should be based on ones credit score. Lower score, higher risk, greater need to re-evaluate often, shorter expiration. The only reason I was given a 12 yr expiration on my Amex is because of my high credit score. More cards should work that way.

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Many pre-paid branded (Visa, MC) can have a 20 year expiration. Amazon allows you to enter a year 20 years out, and PayPal is +19.