The Virginian-Pilot published a story on May 1, 1997 on the credit card expiration date problem: "Credit cards offer a visible sign of the Year 2000 Problem." The cards are being rejected by point-of-sale terminals. Banks have stopped issuing 00 cards.
Ed Dixon of MasterCard International says that his firm has "recommended that, until the year 2000 issue is pretty much resolved, our member banks don't issue year 2000 cards."
My conclusion: until you receive credit cards with a 00 expiration year, the banking industry is still not compliant. Keep an eye on that key date. The closer we get to 2000, the scarier a 99 date becomes. Cards with 2000 dates should be issued late in 1997, says Dixon. But if they aren't, and if they aren't in 1998. . . .
(Like the 00 credit cards, this link has also expired. RIP.)