Why do you use your signature instead of entering your password to swipe your credit card abroad?

The answer is that this is not very safe, and the security measures of bank cards in the United States are very backward. In fact, in China, you can also choose not to use a password, but only to use your signature. It is indeed the responsibility of the merchant to consume according to the signature. If it is stolen, it can be retrieved through the bank. When many foreigners spend money in American shopping malls, the cashier sometimes asks the cardholder to show his passport, and then checks the certificate and card name before swiping the card. Credit card theft in the United States is particularly serious, and the security of bank cards in the United States is not good. Chip and pin chip cards were popularized in Europe ten years ago, and now many places in the United States still use credit cards with only magnetic stripes. But now all the new cards issued by big American banks have become cards with chips. However, although this card has a chip, it can't be regarded as an EMV card with a chip plus a password, but a chip plus a signature card, because the card password is not verified during the transaction, and the consumption is confirmed by signature.

Don't you need a signature and password to swipe your card in the United States?

First, when spending money through the UnionPay channel abroad, the cardholder needs to enter the password and compare the cardholder's signature with the signature on the back of the credit card;

Second, if you take the VISA or Master path, you generally don't need to enter a password, and some credit cards abroad only have a four-digit password, which is different from the six-digit password in China. Credit card spending only needs to compare the cardholder's signature.

I set up a Chase credit card in America. Do I sign in Chinese or English when I swipe my card in the store?

"Signature" is used to identify handwriting, without signature words. When you apply for a credit card, you can sign the form at will.

The introduction of American credit card signatures ends here.