If it is a China Merchants Bank credit card, is it safer to set a password or not to set a password?

From the perspective of satisfying customers, we provide a card swiping password function. You can use it according to your own needs. Choose your own consumption habits. Regardless of whether a password is set or not, once a questionable transaction occurs, the bank will actively investigate to ensure the safety of customers' funds and accounts.

Password setting is part of our bank’s five-layer security guarantee, which can protect the security of your account immediately if the card is lost. The lost card protection service means that you can apply for compensation from our bank for losses caused by fraudulent use within 48 hours before reporting the loss (excluding transactions based on passwords), but different types of credit cards will have different application compensation limits, and customers still need to You will be responsible for any losses that exceed the compensation amount and exceed the 48-hour time limit for reporting loss. Moreover, card loss protection is an ex post compensation mechanism. As long as you can keep your password properly and choose to use your password for consumption, you can effectively reduce the risk of losing your card. Passwords are a more effective layer of protection for credit card security and the customers themselves. It is also recommended that you:

(1) Please do not set related information such as "birthday, ID card, phone number" etc. Password;

(2) Please keep your identity information, card information, password information, etc. properly, and do not disclose it to others at will;

(3) Separate password information from your credit card Keep it to prevent the risk of loss at the same time.