Requiring a CC for a Loan

[dustin1]

We loan out gear for 30, 60, and 90 day terms. Sometimes the loan starts a few weeks out. Example, today is Dec 8, and a user may sign up for a 90 day loan, which we may approve. But, then ship the product in 2 weeks, and when the product arrives at the customer's location, the 90 days starts. 

Then, if they don't return the product, we give them a grace period of up to 30 days. At that point, if they have not returned the product, we would like to charge their card.

Bottom line: Can we use a credit card token created today, in 4-5 months? Assuming of course that the card is not cancelled, or expired.

Thoughts? Thanks.

[dustin1 · Accepted solution]

Talked with an authorize.net rep. Sounds like once we create the CIM and attach the card, it'll remain viable until it expires. So, as long as the CC remains valid, we can charge it 6 months later without problems.