Beware of Banks Advancing Credit Card Expiration Dates: A Cautionary Tale

There has already been much talk about the limits that are not updated on credit cards, in some cases for years with the same amount.

Or absurd cases of banks where those who collect their salary a few years ago had 3 or 4 of that salary limit and now they have…. 1/4 salary, because they never increased it.

Always because of inflation, of course.

But something that also happens, without so much press, is that the banks advance the expiration date that they reported in the previous summary.

Here is an example with Banco Galicia’s American Express… which not only did not respect the reported expiration date, but for the first time it did not even respect the closing date

In the closing of April 27 they informed me that it would close on June 1 and expire on June 9

Peroooooo it closed on May 24 and now expires on June 5

Ah but they lowered my TNA (??)

This was extreme, because the reality is that what changed in these months was only the expiration date.

With the example shown above of closing 1/6 and expiration 9/6, what they usually do is put the expiration date on 5/6

But something strange that also happened to me and it seemed to catch me in the billing change, is that I asked to differentiate my two cards at BBVA that always closed and expired on the same day. So I asked for the VISA to go to the next cycle, which gives me one more week of everything.

And in VISA HOME you can see the report of what this month would be like… it would close on 5/24 and the expiration date on 6/5

But it did not close… and if I go to the ACCOUNT STATEMENT in the same home visa, it tells me that it closes on 6/1 but maintains the same expiration of 6/5… that is, nothing in my favor, that I simply needed it to expire one more week late, not that they added more expenses for another week.

How was everything before?

The normal thing always with the cards is that they close one day and the expiration is UP TO TWO OR THREE WEEKS LATER

I leave as proof a VISA statement from the French Bank (to make everything retro) from October 2014 where the card closed on September 25 and expired on October 14.