Why does the number on the card change when they give you a new one?
2006-09-23 08:19:20 · 6 answers · asked by puffy dragon 2 in Business & Finance ➔ Credit
Call and ask them, I had that happen and they told me they thought I had been a victim of identity theft, guess what, they were right....
2006-09-23 08:21:41 · answer #1 · answered by alis_n_1derland 5 · 2⤊ 0⤋
Most banks send credit cards prior to the expiration period so that the customer does not run into situations of not being able to draw cash. Administratively, it frees up time that banks have some XX customers yet to be processed for expiring cards.
The number on the card indicates the number of issused cards as an index when tracing customers, billings, lost cards, etc. If you have been issued card X, likely that the preceding card should be cancelled in due course.
You should cut up your old card when you decide on not using it. The bank's processing priorty is based on the latest issue; not that they will not process the former if you have not started to use the new card.
2006-09-23 15:44:12 · answer #2 · answered by pax veritas 4 · 0⤊ 0⤋
pax veritas's explanation for the number changing is incorrect. I have had a debit card long enough for 3 replacements and the number has never changed. I work at a bank and will ask Monday if anyone knows why the number would change, but my guess is the Identity Theft/Fraud answers are on the right track.
2006-09-23 17:19:04 · answer #3 · answered by STEVEN F 7 · 1⤊ 0⤋
Banks will often do this if they think you are a victim of identity theft. Of course, they don't tell you this ...... but this is the usual reason you will get a 'new' card when the old one hasn't expired.
Another reason might be if you've had some change in your 'financial world' such as Bankruptcy where they are changing the terms of your account in some way.
I'd call them and ask and see what round of BS they feed you.... the more BS they give you, the more evasive they are.. you can bet someone compromised some accounts somewhere and they felt YOU might be involved.
2006-09-23 22:43:33 · answer #4 · answered by CactusFlower 4 · 0⤊ 1⤋
They don't wait till last minute on expiration date.
I have never seen them change the number. You should call them and ask what is wrong with your old card number because they may think it is stolen or you had your identify stolen. That is usually the only reason for issuer to change number.
2006-09-23 15:22:13 · answer #5 · answered by Rich Z 7 · 2⤊ 0⤋
Mine had complete new numbers.
2013-12-23 09:45:46 · answer #6 · answered by Asa 2 · 0⤊ 0⤋