How to protect the security of credit card funds

Compared with debit cards, using credit cards requires more protection than debit cards. If your credit card limit is high, once it is stolen, , eventually becoming overdue will affect your personal credit rating, future purchases of houses, account openings, going abroad, buying air tickets, etc.

How to ensure the security of credit card funds

After getting the credit card, you need to sign and sign in the signature area on the back of the card. So once the credit card is stolen and the bad guy uses your card to make purchases, the cashier can refuse the card if the signature does not match. If fraud occurs later, even if it is not your signature, you can avoid liability.

Some credit cards are password-free by default for POS transactions, so it is best to change the setting to require a password. If you have a good memory, it is best to change your password regularly.

The last three digits of the credit card are the CVV code, which is very important. The CVV code is more important than the bank card password. In online shopping, you can only use the password, validity period, CVV and other methods to make purchases. Therefore, it is recommended that you cover the CVV code with something to prevent leakage.

Do not take pictures of the front and back of your credit card, and try not to use your credit card to collect money outside. Once your credit card information is leaked, it can easily be stolen by others.

Be sure to turn on credit card SMS notifications and notify the trade fair as soon as an order is issued. If you find that the transaction is not yours, call the bank as soon as possible to freeze/report the loss.

What are the protection services for credit card loss?

Lost card protection means that after a credit card customer loses his or her credit card, if the cardholder applies to the bank to report the loss as soon as possible, the bank will protect the cardholder from any damage caused by the card being stolen within a certain period of time before the loss is reported. Compensation for losses.

The terms of credit card loss protection services vary from bank to bank. We take Ping An Bank's lost card protection service terms as an example to explain the main contents of the credit card lost card protection service:

1. Lost card protection time. The lost card protection time refers to how long it takes for the credit card to be lost due to loss, and the bank will bear part of the responsibility. Ping An Bank stipulates that any loss on card consumption caused by theft of a credit card that occurs within 72 hours before reporting a loss can be borne by the Bank. If the compensation terms of the lost card protection are met, the Bank will provide you with a corresponding amount of compensation.

2. Card loss protection content. The coverage of credit card loss protection stipulated by Ping An Bank includes: Protection 1: Loss protection for card consumption (only confirmed by signature); Protection 2: Loss protection for credit card robberies (with cash withdrawal password).

3. Card loss protection limit. Ping An Bank stipulates that the card loss protection limit shall not exceed your fixed credit limit, with a maximum limit of RMB 50,000.

It is important to learn how to protect the safety of your credit card (debit card) funds

Friends must have seen such a video some time ago, in which a person holds an NFC phone close to The POS machine that pays on-site goes to the parking lot and swipes the money from the ETC credit cards (debit cards) of other car owners. The security issue of chip card close-range payment caused by this video has caused heated discussion among many netizens. In fact, regarding this issue of near-field payment, there was a joke like this: It was said that if someone took off the bus acceptance device and put it in his backpack, and went to the subway or a crowded place on the bus, would it be OK? Is the money in these people’s bus cards taken away by embedding? Let's not talk about whether the money can be transferred to his account after the bus acceptance device swipes it. This behavior is actually equivalent to "non-contact" POS. The topic I want to talk about today is to learn how to protect the safety of your credit card (debit card) funds. Let’s read on together.

Using a credit card (credit card) requires more protection than a debit card. If your credit card (debit card) has a large consumption limit, once it is stolen or overdue, it will affect your Personal credit rating affects buying a house, opening an account, going abroad, buying air tickets and train tickets in the future, etc.

1. After receiving the credit card (credit card), you need to sign your name in the signature area on the back of the card. In this way, once your credit card (debit card) is stolen and the bad guy uses your card to make purchases, the cashier can refuse to swipe the card if the signature does not match. If fraud occurs later, even if it is not your signature, you can avoid liability.

2. Some credit cards (debit cards) are password-free by default for POS transactions, so it is best to set the phone banking setting to require a password when swiping the card. If you have a good memory, changing the password regularly is the best policy.

3. The last three digits on the back of a credit card (credit card) are the CVV (also called CNV, CVV2) code, which is very important. The CVV code is more important than the bank card password. In online shopping, you only need to use the password, validity period, and CVV to make purchases. Therefore, the Card God Group recommends friends to use stickers to paste the CVV code, or tear off these three numbers and copy them on In my own little notebook.

4. Do not take pictures of the front and back of your credit card (debit card) to show others, and try not to use your credit card (debit card) to collect payments from outside. Once you have the information on your credit card (debit card) If it leaks, it can easily be stolen by others.

5. Be sure to activate credit card (debit card) SMS notifications. Once a transaction occurs, you will be notified in time. If you find that the transaction is not yours, call the bank as soon as possible to freeze/report the loss of this transaction. Card.

So what are the important roles of CVV ??and CVV2 codes? Because in different transaction scenarios, CVV and CVV2 codes are as important as passwords.

That is, run "swipe card" at POS/ATM terminals and sign for authorization (purchase order) to complete the transaction. In this case, terminals such as POS machines need to read the information such as CVV1 in the track, and the cardholder enters the password to complete the transaction. It can be said that CVV1 is an important mark used by the card issuer to verify the authenticity of the card.

It is also generally called "non-magnetic and secretless transaction". It is generally used in real-name industries such as hotels and air travel. It provides credit card (debit card), CVV2, validity period, cardholder name, ID number and other information to complete the transaction.

Summary: Many friends will ask, is it better to apply for one credit card (credit card) or apply for several more? I suggest that friends look at the question of whether to have one credit card (credit card) or multiple credit cards in this way. The purpose of a credit card (credit card) depends on the purpose of the cardholder. If you have entrepreneurial needs or business, it is better to apply for more credit cards (credit cards). After all, the turnover fees of credit cards (credit cards) are much lower than those of various loans. If it is for normal consumption, a credit card (credit card) is enough for the cardholder to use. Here I would like to remind those friends who regard credit cards (debit cards) as a tool for chopping things off. The reason why a credit card (debit card) determines whether a person becomes a card slave or not lies with the cardholder. Only the card holder can use the card normally and reasonably. Only by using cards scientifically can you bring out the maximum value of your credit card (credit card). If you blindly use credit cards (debit cards) as a tool for pleasure and overdraft, then what awaits you is an endless quagmire of debt. Statement: The article comes from the Internet and is only for netizens to learn and communicate. If there is any infringement, please contact us to delete it.

That’s it for the introduction of credit card protection.