2006-12-12 13:23:19 · 7 answers · asked by Anonymous in Business & Finance ➔ Credit
This is from MSN Money.
The truth is that different companies include it for different reasons. But in most cases, issuing banks and credit card associations like MasterCard and Visa cite fraud protection and the lifespan of the magnetic strip as the main reasons to include an expiration date on cards.
See the source below for the COMPLETE answer. Pretty fascinating, really!
2006-12-12 15:15:03 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I really don't know but my theory is that the credit card companies profit out of the "many few" who are in debt who forget to transfer their balances to another credit card before it expires. See, if you fail to do so, the credit card companies can charge you a lot of money if your card expires when still holding a balance.
2006-12-12 21:26:42 · answer #2 · answered by bettyboop 2 · 0⤊ 1⤋
It adds another measure of security. the 16 digit number, the expiration, the cvc code etc etc
2006-12-12 21:30:57 · answer #3 · answered by ConstElation 6 · 0⤊ 0⤋
because they update security technology and the card readers that read them to curb fraud and theft
2006-12-12 21:32:59 · answer #4 · answered by jokerswild 4 · 0⤊ 0⤋
for personal and security measures.
2006-12-12 21:34:25 · answer #5 · answered by jppd12689 3 · 0⤊ 0⤋
PEOPLE DIE.
NOT USE.
FRAUD
MISS USE.
REDO CREDIT CHECK AFTER TWO OR THREE YEARS.
2006-12-12 21:25:43 · answer #6 · answered by cork 7 · 0⤊ 2⤋
That's a damn good question!
2006-12-16 02:23:38 · answer #7 · answered by luciousgreeneyedlady 5 · 0⤊ 0⤋