Your old bank cards could be worth a small fortune

Will contactless cards be a prize for bank card collectors in the future?
Is the penny about to drop for collectors in the UK?
“It will be the early versions of the truly iconic designs, unusual examples, or very small issue card runs could be the most sought after" Kate Batema, antique expert
  • | by Amanda Bathory

When it comes to spotting a rare coin, not much gets past the UK’s eagle-eyed detectorists.

But, the penny’s yet to drop on the value of plastic.

In contrast to reliable coppers, credit cards have a short-term expiration date, destined get chopped up and chucked away when past their use.

So should we hang on to them? After all, most banks advise disposing of them as soon as they expire.

Vintage credit cards making money

This is a photo of auctioneer Kate Bateman, a resident expert on both Bargain Hunt and Flog It!

Auctioneers in the antiques trade, like Kate Bateman of Bargain Hunt and Flog It! fame, know there's a collector out there for absolutely everything, and she thinks it could also be true of credit cards in the future.

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“While I haven't personally heard of anyone specifically collecting credit cards as an investment, like coins, I wouldn't be at all surprised if that were the case,” she tells us.

Kate has already seen several old BT and phone card collections, so a card connoisseur’s interest might be piqued if the right credit or debit card came along.

In America, there are hobbyists that had the foresight to do just that.

A cursory glance on eBay turned up a 1984 Bank of America VIP cheque guarantee card with an asking price of $45 and a 1971 Division of American Oil Company credit card  for $39.95.

There’s also a set of five Phillips 66 International credit cards  with an asking price of $125, whereas a set of 35 2007-2009 Visa cards is a sweet steal at $25.

Rare bank cards