The meaning of credit card transaction password is that if the user activates this function, in domestic transactions, the transaction can be completed with the signature and transaction password, which can improve the security factor of the credit card.

According to convention, credit card purchases are made with a signature by default, and generally there is no need to use a password when swiping a card for payment. If customers want to use password verification during consumption, they need to set a transaction password and activate the consumption password function.

When users apply for a credit card, they can choose the "signature + password" method or the "signature" method in the "swipe card consumption method". If they choose "signature", after swiping the card, the consumer will not A password is required and only a signature is required to complete the transaction.

Therefore, it is recommended that when consumers face the "swipe card consumption method", it is best to choose the "signature + password" method to improve the security factor of the credit card.