cancel
Showing results for 
Search instead for 
Did you mean: 

What happens when credit card expires?

Valued Member

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.
Message 1 of 4
3 REPLIES
Established Contributor

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
Message 2 of 4
Established Contributor

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.
Message 3 of 4
Highlighted
Senior Contributor

Re: What happens when credit card expires?

Sometime as much as 3 months before expiration.

 

 

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Message 4 of 4