Generally, you need to enter a password when swiping a credit card, but some of them need to sign instead of entering a password.

A small amount of confidentiality and visa exemption:

It is a small fast payment service provided by China UnionPay for UnionPay IC cards with "flash payment" function, and customers do not need to open it separately. When swiping a card, you don't need to enter a password as long as the amount does not exceed a certain amount (generally below 200 yuan).

If it is a savings card, you need to transfer it to a petty cash account before you can use it. If it's a credit card, you don't have to do anything, just swipe it directly!

Credit cards can be used not only for transactions without cards, but also for transactions without cards and secrets (no password is required). It is precisely because of this that the cardholder is advised to protect the CVV code on the back of the credit card (commonly known as "the last three codes" or CV2).

Extended data

1. Debit card holders generally need to enter a password for credit card consumption.

2. Credit card holders can choose whether to set a credit card consumption password.

If the cardholder chooses to spend by credit card without password, there is no need to enter a password when spending by credit card; If the cardholder chooses to spend by credit card, enter the password.

3. When spending with a credit card, you generally need to enter a password. Cardholders can apply for the function of setting whether to enter a password when swiping a card through channels such as customer service of the issuing bank and online banking.

4. Credit cards generally don't need passwords. Credit cards such as Guangfa Bank and China Merchants Bank can be used without entering a real password, mainly to confirm whether my signature on the POS slip is consistent with the signature on the back of the card or on the application form.

5. However, credit cards are usually opened with passwords. When opening a card, you need your ID number, mobile phone number or home phone number. After opening a card, individual banks need to use their mobile phones and fixed telephones to dial the designated telephone number of the bank when filling out the form to set the password for cash withdrawal and consumption.

Most banks issue cards first, and then send coded letters.

Baidu encyclopedia-credit card swiping

Do I need a password to pay by credit card?

Debit card holders generally need to enter a password when spending credit cards. Credit card holders can choose whether to set a credit card consumption password. If the cardholder chooses to spend by credit card without password, there is no need to enter a password when spending by credit card; If the cardholder chooses to enter the password to spend by credit card, he usually needs to enter the password when spending by credit card. Cardholders can apply for the function of setting whether to enter a password when swiping a card through channels such as customer service of the issuing bank and online banking.

Credit cards generally do not use passwords. Credit cards such as Guangfa Bank and China Merchants Bank can be used without entering a real password, mainly to confirm whether my signature on the POS slip is consistent with the signature on the back of the card or on the application form. However, opening a credit card generally requires the use of a password, ID number, mobile phone or home phone. Individual banks need to use mobile phones and fixed telephones to dial the designated telephone number of the bank and set the password for cash withdrawal and consumption when filling out the form after opening the card. Most banks issue cards first, and then send coded letters.

Data expansion:

In international practice, you don't need a password to use a credit card, just sign it when you use it. (They have a good use atmosphere and perfect personal credit system) In China, the same is true in the early stage of credit card promotion. Later it was found that it was not suitable for our national conditions. At present, most credit cards in domestic banks need to use passwords to confirm payment, but some credit cards in China can confirm payment without passwords.

Do I need a password to swipe my credit card?

There is no hard and fast rule about this, it mainly depends on personal habits.

If you want to set a password, you can set a password for the credit card, and you must enter the correct password when swiping the card to make the transaction successful. If you don't want to set a password, you can sign it for consumption. When spending by credit card, just sign your name on the UnionPay list.

Whether to set a password for a credit card has always been a controversial issue in China. Some people think it is safe to set a password, while others think it is safer not to set a password. Bian Xiao is not easy to draw a conclusion on this issue. Here is just a brief introduction of my own views. You can praise it if you agree. If you disagree, you can laugh it off.

In the eyes of most people in China, a credit card must have a password. They think that setting a password can prevent others from stealing credit cards. After all, even if someone else takes your card, you can't spend it without knowing the password.

However, there are also a few people who think that it is safe not to set a password, because the relevant laws of bank credit cards stipulate that if a credit card does not set a password, it will lose the protection of using the card and will not have to bear the losses caused by the stolen credit card.

No password is not necessarily safe. First, credit cards don't have passwords. Although consumers want to sign, few cashiers in China will carefully check whether the signatures match. In other words, no one can guarantee that the signer is the cardholder, and whoever gets the credit card can spend it, which undoubtedly increases the probability that the credit card will be stolen.

Second, even if the credit card is stolen without a password, you can enjoy the lost card protection service, but this kind of lost card protection is conditional, and the success rate of the lost card protection to recover losses has been less than 70%.

So, why is it so difficult to recover the loss from the lost card protection?

1. The coverage of lost card protection is limited, covering only the losses within 48 or 72 hours before the loss is reported. In other words, if the stolen credit card is not reported to the bank in time, it will still bear the loss.

2. The process of recovering loss from lost card protection is tedious and long. First, you should report the loss immediately after reporting it, and provide the bank with relevant proof materials of non-personal credit card swiping, and then wait for 2~3 months to recover the loss. In the meantime, the credit card is still billed, so you must pay the stolen money yourself first, otherwise it will affect your personal credit.

Do credit cards have passwords?

Credit cards have two passwords, one is the inquiry password, and the other is the withdrawal password (which is also the password for consumer transactions). If you only open the query password, you don't need a password to swipe your card at the POS machine. If you open the withdrawal password, you can withdraw money at the bank counter or ATM with the withdrawal password. The transaction password is a function of your own choice. You can choose to turn it on or off. All credit cards are the same at this point.

credit card

Credit card, also known as credit card. It is a non-cash transaction payment method and a simple credit service.

A credit card is a credit certificate issued by a commercial bank or a credit card company to eligible consumers. Consumers with credit cards can go to specialized commercial service departments for shopping or spending, and then the bank will settle accounts with merchants and cardholders, and cardholders can overdraw within the prescribed limits.

The credit card stipulated in the relevant laws of our country (Interpretation of the Provisions of NPC Standing Committee on Credit Cards) refers to the electronic payment card issued by commercial banks or other financial institutions with all or part of the functions of consumer payment, credit loan, transfer settlement, cash deposit and withdrawal, etc. 20 17 12 1 The English Translation and Writing Standard for Public Service was formally implemented, which stipulated that the English name of CreditCard was Credit Card.

Credit cards are generally plastic cards with a special carrier, with a length of 85.60 mm, a width of 53.98 mm and a thickness of1mm. The name of the card issuer, the expiration date, the number and the name of the cardholder are printed on the front, and the chip, magnetic stripe and signature strip are printed on the back. Cardholders can use credit cards to shop, spend money and deposit and withdraw cash from banks.

There is no need to pay cash for credit card consumption, and the bill will be repaid on the same day.

Credit cards are divided into credit cards and quasi-credit cards. Credit card refers to a credit card in which the cardholder has a certain credit limit and can spend first and then repay. Quasi-credit card refers to a quasi-credit card in which the cardholder deposits a certain amount of reserve fund according to the regulations, and when the balance of the reserve fund account is insufficient to pay, it can be overdrawn within the prescribed credit limit. Credit cards generally refer to credit cards.

The credit card password of Agricultural Bank of China is 6 digits, which is sent together with the letter from Agricultural Bank of China. Only by setting a new password according to the card opening steps can the card be successfully opened. If it is still unclear, call the customer service phone of ABC Credit Card!

CITIC Bank's credit card has no initial inquiry password and initial payment password, but cardholders need to set their own passwords through CITIC Bank's online banking and credit card customer service hotline after activating the credit card.

Do you need a password for your credit card?

The credit card password needs to be set by the cardholder himself. If the cardholder has not set it, the credit card will have no password and will be set.

At present, there are two main ways to verify credit card transactions: one is the cardholder's signature; One is the password. Regular credit card cashiers either need to enter the transaction password or verify the signature. However, this is not the case, and many merchants do not attach importance to card authentication.

It is suggested that all credit card holders sign their names on the back of the card as soon as they receive it, and set the transaction password to ensure the safety of using the card in the future.

This concludes the introduction of the advantages and disadvantages of credit card password and credit card password swiping and password+signature. I wonder if you have found the information you need?