Do you need a password to swipe a credit card?

Generally, you need to enter a password to swipe a credit card. , but there are also some that do not require entering a password but require a signature.

1. Debit card holders generally need to enter a password when making purchases with their cards.

2Credit card holders can choose whether to set a password for card consumption. If the cardholder chooses to swipe the card for consumption without a password, there is no need to enter a password when swiping the card for consumption; if the cardholder chooses to swipe the card for consumption, enter the password.

3. When swiping a card for consumption, you generally need to enter a password. Cardholders can apply to set whether to enter a password when swiping a card through customer service of the card-issuing bank, online banking and other channels.

4. Credit cards generally do not have to use passwords. Credit cards such as China Guangfa Bank and China Merchants Bank do not need to enter the real password to make purchases. The main thing is to confirm my signature on the POS slip and the signature on the back of the card or application form. Are the signatures on them consistent?

5. However, when opening a credit card, you generally need to use a password. The card opening requires an ID number, mobile phone, or home phone number. Some banks require the mobile phone and landline phone number when filling out the form after opening the card. Call the designated phone number of the bank to set the cash withdrawal and consumption password. Most banks open the card first and then send the password letter.

Extended information:

Credit Card (English: CreditCard), also called credit card. It is a non-cash transaction payment method and a simple credit service.

A credit card is generally a special carrier plastic card with consumer credit that is 85.60 mm long, 53.98 mm wide, and 1 mm thick. It is issued by the bank to individuals and organizations, and can be used to shop, consume, and deposit and withdraw cash from the bank. It is in the form of a card with the name of the issuing bank, validity period, number, cardholder name, etc. printed on the front and a magnetic card on the back. strip, signature strip.

Credit cards are issued to cardholders by banks or credit card companies based on the user's creditworthiness and financial resources. Cardholders do not need to pay cash when using the credit card, and repayment will be made on the billing date (English: BillingDate).

On April 15, 2016, the central bank issued the "Notice of the People's Bank of China on Matters Related to Credit Card Business", canceling late payment fees on credit cards, introducing liquidated damages, and prohibiting over-limit fees. The new regulations were implemented in January 2017 It will be officially implemented on the 1st.