why do credit cards have an expiration date?

Question

I get needing expiration dates back when they first came out, but it seems sort of antiquated in today’s world.

In: 17

Answer 1

Credit card companys update the security in the credit cards all the time. It would be a mess to send every single user a new credit card everytime. And even if you would send them every few years it would be a huge mess to change them out all at the same time. And with no specific date on the card users might just ignore the new card they got by mail and still run around with old card making it unsafe.