What to do with Expired Bank Cards?

By | April 29, 2013

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One of the annoying things in life is having to change your expired ATM and Credit cards. They never seem to last long now, do they? You get them today, memorise the bloody PIN number, and next thing you know the thing is rejected and as you take a closer look, it is indeed expired and you need to get yourself a new one. Which of course involves a trip to the bank, something I never seem to have time to do.

This month my main two means of payments, my VISA and my ATM card, were expired and I received the new one this week. I opened my wallet and tried to find a new space for the new card and realised I had to take out the old one since there is no more space left. Then I held the old expired card in my hand and thought to myself, are we just supposed to chuck it in the bin? Do we need to cut it into small cubes before doing so? Or is it better to keep it safe and sound somewhere -where I actually keep a stack of ancient ATM and VISA cards-?

What is the best way to dispose of an expired ATM or VISA card? Do you happen to know? Maybe we should hand it to the bank and they can recycle it, after all it is plastic that can be reused again right?


6 Responses to “What to do with Expired Bank Cards?”

  1. Eiman says:

    ever since I was a little girl, I watched my father cut his cards in half and throw them away in a safe trash bag where he is sure that no one can get hold of. Now I do the same. It is very insecure to keep the old ones, because some banks does not change the number of your new card, they only change the expiry date. I know for sure that my HSBC does that!!
    I do not think that any bank accepts old cards to recycle them although my younger sister who deals with information systems always complain about how pricy these cards are even without being programmed. According to her any type of card with a magnetic strip (which is the cheapest kind) costs about $35 to $40.. !!

    • danderma says:

      They should retrieve the old cards back and recycle them! Even if I cut them up, anyone can put them back together if they go through the trash and that’s why I’ve never thrown them away before. I need to do something about the ancient pile of cards I have at home though.

  2. Farah says:

    I just run a lighter across the strip and number and throw it away – it’s expired anyways so it’s pretty much useless.

  3. loool yes time is fly so damn fast that’s why you feel you just got a new ones
    and how the heck its already expired !

    Well for your Q its better to damage the black strip which contains all the info
    once you do that there will be no chance to use it then cut it and through it away

    For my I prefer collecting it its a part of my hobbies lol collecting thinks so
    for me Its not an issue :)

    Thanks

    • danderma says:

      Hmmm I’m a collector of things as well but over the years I’ve had more than enough plastic stashed away than is necessary. I guess I’ll try to damage the black thing then give the card a nice chop before discarding what remains of the cards.