Expiration Date

Significance of Credit Card Expiration Dates

An expiration date on a credit card has major purpose.  There are several reasons of importance that it is associated with the credit card number. The most important reason is to prevent fraud for the issuing bank, the cardholder and the merchant taking the card as payment.  Credit card fraud is fairly common now a day and in an attempt to deter it, the expiration date is imperative when a credit card transaction is processed.  An expiration date is used [...]