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What do I do with my expired credit card?

Find out how you can safely dispose of your old credit card.

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All credit cards are subject to an expiry date. The month and year will be printed on the front of your card and your bank will usually send you a replacement card before this date. But what should you do with your old card? You can use this guide to learn how to safely dispose of your credit card and get answers to other frequently asked questions about credit card expiry.

What to do with your old credit card

Once you've received and activated your replacement card, you can get rid of your old card. You should avoid throwing your card into the trash, as someone could find it. While they won't be able to use the card to make transactions, someone could use the personal information listed on the card or the data stored in the card's magnetic strip to commit identity fraud.

Instead of throwing your card away, you should destroy it first so that no one can use the information from your card. If you don't want to dispose of it, you could potentially keep it in a secure place (such as a safe in your home) to keep it protected.

How to destroy your expired credit card

Here are the steps you can take to safely dispose of your expired credit card:

  • Demagnetise and cut the strip. The magnetic strip on your card contains personal data including your account number, card limit and name. You can demagnetise this so it can't be used by running a magnetic slowly along the strip for a few minutes. You can then cut through the magnetic strip.
  • Cut your card horizontally. Use a strong pair of scissors to cut through your card horizontally, making sure you're cutting straight through the embossed account number listed on your card.
  • Cut your card vertically. Cut the top half of your card vertically at every two to four digits, then do the same with the bottom half.
  • Security code. Your CVV number (or security code) is the 3-digits listed on the back of your card. Find this part of your card and cut it into small pieces so that it can't be read or put back together.
  • Signature. As you're cutting up the card, make sure that you're also cutting up the strip on the back that contains your signature so that it can't be read and copied.
  • CHIP. This is the silver or gold chip that's usually found on the left-hand side of your card. You can either cut this up with scissors or smash it with a hammer.

Once you've cut up your card and you're sure that the pieces can't be put back together or used, you can dispose of the card. You should throw the separate fragments away in a few different bins so that the pieces can't be recovered and put back together.

If you're also throwing out any documents (such as old bank statements), you could consider putting those through a paper shredder, cutting them up and recycling them in a separate bin to the remains of your card.

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Replacing your old card? Compare some of the latest credit cards

Data indicated here is updated regularly
Name Product Purchase rate Interest-free period Annual fee Balance transfer rate
Citi Rewards Card - Exclusive Offer
21.49% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 30 months
30-Month Balance Transfer & Annual Fee Discount
Finder Exclusive
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee and Citi Rewards.
Coles No Annual Fee Mastercard
19.99% p.a.
Up to 55 days on purchases
$0
0% p.a. for 18 months with 1.5% balance transfer fee
No Annual Fee & 0% Balance Transfer Offer
Earn Flybuys points for your spending and save with an ongoing $0 annual fee and 0% p.a. on balance transfers for 18 months.
Qantas American Express Premium Card
20.74% p.a.
Up to 44 days on purchases
$249
100,000 Bonus Points & 50 Status Credits
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year. Ends 4 November 2020.
ANZ Low Rate
12.49% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($58 p.a. thereafter)
0% p.a. for 25 months with 1.5% balance transfer fee
0% Balance Transfer Offer & $0 First Year Annual Fee
Save with 0% p.a on balance transfers for 25 months (with a 1.5% BT fee) and $0 first year annual fee. Plus a 12.49% p.a. purchase interest rate.
NAB Qantas Rewards Signature Card
19.99% p.a.
Up to 44 days on purchases
$295 annual fee for the first year ($395 p.a. thereafter)
0% p.a. for 6 months with 2% balance transfer fee
Up to 130,000 bonus Qantas Points & 75 bonus Status Credits
Collect up to 130,000 bonus Qantas Points (100k when you spend $3,000 in the first 60 days and 30k after 12 months). Plus, 75 bonus Status Credits.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
Up to 55 days on purchases
$99 annual fee for the first year ($199 p.a. thereafter)
0% p.a. for 12 months
$500 e-voucher and Discounted First Year Annual Fee Offer
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
Up to 55 days on purchases
$64 annual fee for the first year ($129 p.a. thereafter)
0% p.a. for 22 months
$129 Gift Voucher & Balance Transfer Offer
Get 0% p.a. for 22 months on balance transfers and a reduced first-year annual fee. Plus, earn up to 30,000 bonus Velocity Points.
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
Up to 55 days on purchases
$129
0% p.a. for 22 months
0% Balance Transfer Offer & Annual Fee Refund
Enjoy a 22-month balance transfer offer, travel insurance and an annual fee refund when you spend an eligible $6k/year.
ANZ Platinum Credit Card
0% for 17 months, reverts to 20.24% p.a.
Up to 55 days on purchases
$0 annual fee for the first year ($87 p.a. thereafter)
20.24% p.a.
0% Purchase Offer & $0 First Year Annual Fee
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
Citi Rewards Card - Flybuys Offer
21.49% p.a.
Up to 55 days on purchases
$49 annual fee for the first year ($149 p.a. thereafter)
0% p.a. for 15 months with 1% balance transfer fee
75,000 Bonus Points & $100 Kmart eGift Card
Receive 75,000 bonus Flybuys points and a $100 Kmart eGift Card when you meet the spend requirement. Plus, a reduced first-year annual fee.
Bankwest Breeze Classic Mastercard
0% for 15 months, reverts to 10.99% p.a.
Up to 55 days on purchases
$49
2.99% p.a. for 9 months
0% Purchase Rate Offer
Save with an introductory rate of 0% p.a on purchases for 15 months and 2.99% p.a. on balance transfers for 9 months.
Westpac Low Rate Card
13.74% p.a.
Up to 55 days on purchases
$59
0% p.a. for 20 months with 1% balance transfer fee
Long-Term Balance Transfer Offer & $200 Cashback
A low rate card offering 0% p.a. interest on balance transfers for the first 20 months and a $200 cashback offer.
Qantas Premier Platinum
19.99% p.a.
Up to 55 days on purchases
$199 annual fee for the first year ($299 p.a. thereafter)
0% p.a. for 18 months with 1% balance transfer fee
Balance Transfer Offer & 100,000 Bonus Points
Get 100,000 bonus Qantas Points, 75 bonus Status Credits and a 0% p.a. balance transfer rate for 18 months (with a one-time 1% BT fee).
Citi Clear Card
0.9% for 15 months, reverts to 14.99% p.a.
Up to 55 days on purchases
$99
0.9% p.a. for 15 months
0.9% Purchase & Balance Transfer Offers
Save with 0.9% p.a. for 15 months on purchases and balance transfers. Plus, complimentary purchase insurance cover. Ends 16 November 2020.
Bankwest Zero Platinum Mastercard
17.99% p.a.
Up to 55 days on purchases
$0
2.99% p.a. for 9 months
No Annual Fee & 0% Foreign Transaction Fees
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
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Compare up to 4 providers

*The credit card offers on this page are chosen from a range of credit cards available to us and are not representative of all the products available in the market. The use of the terms "best" and "top" are not product ratings and are subject to our disclaimer. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

Frequently asked questions about expired credit cards

When does my credit card expire?

Your credit card expiry will be listed as a month and a year on the front of your credit card. Let's say that your expiry date is 05/2024, your card would expire at the end of May 2024.

Can I use my credit card after it has expired?

No, you can't use your credit card after it's expiry. If you do, your transaction will be declined. You should receive a replacement card that you can activate and use before your old card expires.

Will my new credit card have the same numbers?

If your card has expired, your replace credit card should have the same account number and name printed on the front but it will have a different expiration date and security CVV number. This is why you'll need to update any direct debits with your new card information once it's been activated.

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Credit Cards Comparison

Data indicated here is updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Citi Rewards Card - Exclusive Offer
21.49% p.a.
0% p.a. for 30 months
$49 annual fee for the first year ($149 p.a. thereafter)
Finder Exclusive
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee and Citi Rewards.
Coles No Annual Fee Mastercard
19.99% p.a.
0% p.a. for 18 months with 1.5% balance transfer fee
$0
Earn Flybuys points for your spending and save with an ongoing $0 annual fee and 0% p.a. on balance transfers for 18 months.
Qantas American Express Premium Card
20.74% p.a.
$249
Enjoy 100,000 bonus Qantas Points, 50 bonus Status Credits and 2 complimentary Qantas Club lounge invitations per year. Ends 4 November 2020.
Citi Rewards Card - $500 Voucher Offer
21.49% p.a.
0% p.a. for 12 months
$99 annual fee for the first year ($199 p.a. thereafter)
Get a $500 e-voucher to spend at Myer, JB Hi-Fi or Coles when you spend $3,000 in the first 90 days. Plus, earn points with the Citi Rewards Program.
loading

Compare up to 4 providers

* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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