1. If a credit card password is not set, can you definitely get compensation if it is stolen? There is a clause in the credit card regulations that says "Any transaction using a password will be deemed to be authorized by the cardholder." In other words, if someone steals your password and uses it fraudulently or makes a fake card, it will be deemed to have been authorized by you. (You can get compensation if the credit card password is not set and the credit card is stolen.) If the credit card does not have a password and only relies on signature for consumption, once the credit card is stolen, you can apply for compensation from the bank or merchant. Of course, this process is also very difficult, because you have to prove that it is It is a good show that was stolen rather than directed and performed by oneself. Moreover, the approval process will be quite long and complicated, and full compensation cannot be obtained. In fact, you can do it without setting a password. As long as you protect your account information from being leaked, it seems a bit difficult in this information age.
2. If you set a credit card password, will you only suffer a loss if you commit fraud? Judging from the regulation of bank credit cards that "any transaction using a password is deemed to be authorized by the cardholder", once you set a credit card password and your credit card is really stolen, although you can call the police, but when It may be possible to solve the case, but at this time the bank or merchant will not make any compensation, and you will only suffer a dumb loss. But now there is a consumption model of "signature + password". In this way, you set a password, but there is a double guarantee. Although you are responsible for being swiped, it is equivalent to setting a "password lock" for your credit card. At least in terms of prevention, it is indeed safer than not setting a password.
3. How to set credit card passwords more securely. Previously, a domestic network security company released a professional research report on password strength and listed the ten most commonly used passwords by Chinese users, including: abc123 , 123456, xiaoming, 12345678, iloveyou, admin, qq123456, taobao, root, wang1234, etc. If your credit card has such a password, then you have set it up in vain. It is safer than not setting a password, and you can still get compensation. This really means nothing. The credit card password should be as complex as possible but easy for you to remember. It is best to use a mixture of numbers and letters. After setting a password, you should set up SMS notifications for account changes to keep yourself informed of account information in a timely manner.
Summary: From this article, you can definitely see that setting a password is supported, because I personally think that setting a password is more in line with the Chinese domestic market. Many credit cards also think so, but there is a premise. The password must be set skillfully. Don't let people guess it easily!