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Valued Member
markymark313
Posts: 31
Registered: ‎05-13-2008

What happens when credit card expires?

This is my first and only credit card. It is a chase card. I opened this account in November 208 and it will expire in November 2010. Am I supposed to call and keep the card open when that time approaches? I started with a $500 limit and now I'm at a $2000 limit, I never asked for increases in credit limit. I know it's good for you credit report to have a long history with accounts.
Established Contributor
pattycake
Posts: 760
Registered: ‎04-30-2007

Re: What happens when credit card expires?


markymark313 wrote:
This is my first and only credit card. It is a chase card. I opened this account in November 208 and it will expire in November 2010. Am I supposed to call and keep the card open when that time approaches? I started with a $500 limit and now I'm at a $2000 limit, I never asked for increases in credit limit. I know it's good for you credit report to have a long history with accounts.

 

Chase will mail you a new card about three weeks before the end of the month (Nov.). 
pattycake's FICOs: 6/2/10 - TU: 708; EX: ???; EQ: 749
Established Contributor
MsKiwi
Posts: 832
Registered: ‎03-20-2008

Re: What happens when credit card expires?


markymark313 wrote:
This is my first and only credit card. It is a chase card. I opened this account in November 208 and it will expire in November 2010. Am I supposed to call and keep the card open when that time approaches? I started with a $500 limit and now I'm at a $2000 limit, I never asked for increases in credit limit. I know it's good for you credit report to have a long history with accounts.

 

They usually send you a new card about 3-4 weeks before your old card expires, providing you are in good standing with them. Congrats on a good card with a nice cli.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: What happens when credit card expires?

Sometime as much as 3 months before expiration.

 

 

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