What do I do with my expired credit card?

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

Last updated:

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.

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

Updated January 27th, 2020
Name Product Purchase rate (p.a.) Interest Free Period Annual fee Balance transfer rate Balance transfer rate
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
Up to 55 days on purchases
$129 p.a.
0% p.a. for 22 months
0% p.a. for 22 months
Annual Fee Refund & Balance Transfer Offer*
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
St.George Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 18 months
0% p.a. for 18 months
Low Annual Fee with Balance Transfer Offer*
Get 0% p.a. interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.
St.George Vertigo Platinum
0% for 15 months, reverts to 12.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
Low Rate Platinum Credit Card Offer
Features an introductory 0% p.a. purchase rate, $49 first year annual fee and complimentary travel insurance covers.
Latitude 28° Global Platinum Mastercard
21.99% p.a.
Up to 55 days on purchases
$0 p.a.
International Travel & Shopping Credit Card
Save with 0% foreign transaction fees on purchases. Plus, complimentary flight delay passes and a global wifi access.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
Up to 55 days on purchases
$129 p.a.
0% p.a. for 22 months
0% p.a. for 22 months
Long-Term Balance Transfer Offer*
Save with a 0% p.a. interest rate on balance transfers for the first 22 months. Plus, collect up to 30,000 bonus Velocity Points.
Bankwest Breeze Classic Mastercard
12.99% p.a.
Up to 55 days on purchases
$39 p.a. annual fee for the first year ($79 p.a. thereafter)
0% p.a. for 26 months with 2% balance transfer fee
0% p.a. for 26 months with 2% balance transfer fee
0% p.a. for 26 months Balance Transfer Offer*
0% interest on balance transfers for the first 26 months, with a 2% balance transfer fee. Plus, a discounted first year annual fee.
NAB Qantas Rewards Signature Card
19.99% p.a.
Up to 44 days on purchases
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 6 months with 2% balance transfer fee
Bonus Qantas Points Offer*
Collect up to 120,000 bonus Qantas Points. Get 90k when you spend $3,000 on eligible purchases in the first 60 days and 30k after 12 months.
HSBC Platinum Qantas Credit Card
19.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($79 p.a. thereafter)
0% p.a. for 12 months
0% p.a. for 12 months
$0 First Year Annual Fee & Balance Transfer Offer*
Save with a $0 first year annual fee and a long-term balance transfer offer. Plus, complimentary travel insurance.
St.George Amplify Platinum - Qantas - Online Offer
19.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 22 months
0% p.a. for 22 months
Bonus Qantas Points & Balance Transfer Offer*
Receive 60,000 bonus Qantas Points when you spend $2,000 within 90 days and a 0% balance transfer for 22 months.
American Express Velocity Platinum Card
20.74% p.a.
Up to 55 days on purchases
$375 p.a.
0% p.a. for 12 months with 1% balance transfer fee
0% p.a. for 12 months with 1% balance transfer fee
100,000 bonus Velocity Points Credit Card*
Get 100,000 bonus Velocity Points when you spend $3,000 for the first 3 months. Plus, 100 Status Credits and luxury travel perks.
NAB Low Rate Platinum Card
0% for 15 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$100 p.a.
0% p.a. for 6 months with 2% balance transfer fee
0% p.a. for 6 months with 2% balance transfer fee
Platinum Credit Card with an introductory Purchase Offer*
Enjoy a 0% p.a. interest rate offer on purchases for 15 months and the protection of 7 complimentary insurances including overseas travel insurance.
St.George Vertigo Card - Exclusive Offer
0% for 14 months, reverts to 13.99% p.a.
Up to 55 days on purchases
$0 p.a. annual fee for the first year ($55 p.a. thereafter)
0% p.a. for 6 months
0% p.a. for 6 months
Introductory Purchase Rate and $0 Annual Fee Offer*
Finder Exclusive:
Low rate card offering 0% p.a. interest on purchases for the first 14 months and on balance transfers for 6 months. Plus, a $0 first year annual fee.
Bankwest Breeze Platinum Mastercard
12.99% p.a.
Up to 55 days on purchases
$49 p.a. annual fee for the first year ($99 p.a. thereafter)
0% p.a. for 26 months with 2% balance transfer fee
0% p.a. for 26 months with 2% balance transfer fee
Low Rate Platinum Card with No Foreign Transaction Fees *
Get 0% interest on balance transfers for 26 months (with a 2% fee), complimentary travel insurance and no foreign transaction fees.
Bank of Melbourne Vertigo Classic
13.99% p.a.
Up to 55 days on purchases
$55 p.a.
0% p.a. for 18 months
0% p.a. for 18 months
Low Introductory Balance Transfer Rate*
Enjoy 0% p.a. interest for up to 18 months on balance transfers. Plus, a low annual fee and competitive purchase rate.
St.George Amplify Platinum - Online Offer
19.74% p.a.
Up to 55 days on purchases
$99 p.a.
0% p.a. for 22 months
0% p.a. for 22 months
Long-Term Balance Transfer & 100,000 Bonus Points Offer*
Get 100,000 bonus Amplify Points when you spend $2,000 in the first 90 days. Plus, a balance transfer offer of 0% interest for 22 months.

Compare up to 4 providers

Frequently asked questions about expired credit cards

Images: Getty

Related Posts

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

Credit Cards Comparison

Updated January 27th, 2020
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee
HSBC Platinum Credit Card - Balance Transfer Offer
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
Enjoy a balance transfer offer, yearly annual fee refund, airport lounge passes and complimentary insurance covers.
St.George Vertigo Classic
13.99% p.a.
0% p.a. for 18 months
$55 p.a.
Get 0% p.a. interest for up to 18 months on balance transfers with no balance transfer fee. Plus, a low annual fee and purchase rate.

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.

Ask a question
Go to site